Côte d’Ivoire secures $1.3 billion financing from IMF – New Business Ethiopia - News Summed Up

Côte d’Ivoire secures $1.3 billion financing from IMF – New Business Ethiopia


Côte d’Ivoire and the International Monetary Fund (IMF) have reached a staff level agreement on a package of reform measures for 2024-26 in line with the Resilience and Sustainability Facility (RSF) program objectives for an amount of about US$ 1.3 billion, or 150 percent of quota). The RSF program request will be submitted for approval to the IMF Executive Board in the coming weeks, according to the information from the IMF. “Côte d’Ivoire and its economy are exposed and vulnerable to climate change, especially in the agricultural sector and other economic activity sectors in coastal areas. At the same time, greenhouse gas emissions and pollution in urban areas are increasing and pose additional challenges. Based on these findings, the authorities are committed to reducing the harmful effects of climate change and have implemented several government initiatives,” he said.


Source: News Business Ethiopia February 17, 2024 16:30 UTC



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