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International Monetary Fund Approves $3.5bn Loan Deal with Ivory Coast 

May 26, 2023 · 48s
International Monetary Fund Approves $3.5bn Loan Deal with Ivory Coast 
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The International Monetary Fund (IMF) has approved a $3.5bn loan agreement with Ivory Coast, which it says is designed to tackle financial challenges and assist economic transformation. The West African...

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The International Monetary Fund (IMF) has approved a $3.5bn loan agreement with Ivory Coast, which it says is designed to tackle financial challenges and assist economic transformation.
The West African country will receive nearly $500m immediately. Further funds will be dependent on Ivory Coast making structural changes to its economy.
The IMF says the loan will help the country tackle the triple shocks of the Covid pandemic, global monetary tightening and Russia's invasion of Ukraine.
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Author Africa Business Radio
Organization Africa Business Radio
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