Côte d’Ivoire Progresses in Reducing Macroeconomic Imbalances -IMF

Côte d’Ivoire Progresses in Reducing Macroeconomic Imbalances -IMF

Côte d’Ivoire has been lauded for making remarkable progress in reducing the country’s macroeconomic imbalances.  The International Monetary Fund (IMF) Deputy Managing Director, Mr. Kenji Okamura, said this in Abidjan on Tuesday following his visit to Côte d’Ivoire.

Okamura said Côte d’Ivoire has made remarkable progress in reducing macroeconomic imbalances. He said the country’s performance under IMF supported programs remains strong, reflecting the authorities’ firm commitment to their homegrown reform agenda and to safeguarding stability.

“Looking forward, we agreed that preserving the country’s reform momentum will be essential to meet its goal of achieving upper middle-income status.

“We welcomed the government’s intention to keep the fiscal deficit within the West African Economic and Monetary Union’s ceiling, while allowing for higher investment spending.

Ongoing efforts to raise tax revenues, including through the implementation of the medium-term revenue strategy, will help in this regard and would broaden the tax base and reduce informality.

“Further progress in social inclusion will help ensure the future prosperity of the people of Côte d’Ivoire and promote broad-based economic growth.

“Continued improvements in governance and the business environment could further enhance the country’s attractiveness as an investment destination”.

Okamura reiterated the IMF’s unwavering commitment to supporting Côte d’Ivoire and said the fund looks forward to continuing a productive partnership in the years ahead. First Holdco Plunges by 10%, Free Float Shrinks, Otudeko Out