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IMF approves $832M disbursement for Ivory Coast

by Agence France-Presse - AFP

Washington Jun 25, 2026 - 10:32 am GMT+3
A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., Nov. 24, 2024. (Reuters Photo)
A view of the International Monetary Fund (IMF) logo at its headquarters in Washington, D.C., U.S., Nov. 24, 2024. (Reuters Photo)
by Agence France-Presse - AFP Jun 25, 2026 10:32 am

The International Monetary Fund (IMF) said Wednesday it's prepared to make "immediate disbursement" of more than $800 million to the Ivory Coast as part of several aid programs.

The fund's executive board reviewed and approved three programs, allowing Abidjan to borrow approximately $832.8 million.

The lender in a statement commended Ivory Coast authorities for "sustained reform efforts" that have "helped restore macroeconomic stability."

For nearly 15 years, the country has posted strong growth rates – among the strongest in the region – and has regained stability after a decade of strife in the early 2000s.

The Washington-based banking organization expects growth to slow to %6 in 2026, down from %6.5 in 2025, reflecting economic repercussions of the Middle East war and heightened global uncertainty.

"Inflation, which declined to near zero in 2025, has begun to rebound and is projected to average %3.3 in 2026, driven by higher food and energy prices," the IMF said in a statement.

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