Off the wire
• China Exclusive: Plateau wildlife, environment strong as Qinghai-Tibet Railway turns 10  • 69 mln children under five die from mostly preventable causes: UNICEF  • WHO sends 11 mln doses of Yellow Fever vaccines to DR Congo  • 1.2 mln children under 5 die in India in 2015: UNICEF  • China Exclusive: Uber eyes smaller cities, investment to take on rival: CEO  • PLA holds symposium to mark missile force anniversary  • 1st LD-Writethru: China stresses app obligations in monitoring user accounts  • Israel shuts flashpoint site in east Jerusalem to Jewish visitors  • 11 rebels killed in clashes with Iran's Revolutionary Guards  • Land price surge to raise margin pressures for developers: report  
You are here: 　 Home

Cote d'Ivoire in talks with IMF over new economic, financial program

Xinhua, June 28, 2016 Adjust font size:

A delegation of the International Monetary Fund (IMF) on Monday began a two-week visit to Cote d'Ivoire to negotiate a new economic and financial program with this West African nation, following the completion of the 2012-2015 program.

The agreement entered into in November 2011 between IMF and Cote d'Ivoire, which was supposed to end in December 2015, was extended by a year, Economy and Finance Minister Adama Kone said on Monday.

Over 660 million U.S. dollars was disbursed for the 2012-2015 program, Kone said, noting that "the program was satisfactorily concluded."

"Cote d'Ivoire recorded good economic performance, with an average annual growth rate of 9 percent over the period 2012-2015, with controlled inflation, budgetary deficits and indebtedness," he explained.

Cote d'Ivoire has adopted a new national development plan that will cost 60 billion dollars for the next four years to enable the country achieve emerging economy status by 2020.

"The new economic and financial program concluded with IMF will help the country achieve this ambitious development plan," Kone affirmed. Endit