This paper discusses CAate daIvoireas preliminary assessment of eligibility for assistance under the Enhanced Heavily Indebted Poor Countries Initiative. The March 2007 Ouagadougou Political Accord provides a roadmap for reunification, national reconciliation, demobilization, and presidential elections. Fiscal consolidation has generated fiscal space while reducing external and domestic arrears. Significant revenue collection efforts and overall expenditure restraint have resulted in a modest primary basic surplus in 2007 and a similar outcome is foreseen for 2008.(a) Cocoa prices path at -30 percent compared to baseline price, from 2009 NPV of debt-to-GDP ratio MPV of debt-to-exports ratio 3/ 4/ ... ratio 5/ Debt service-to- exports ratio Debt service-to-revenue ratio Sources: Ivorien authorities and staff estimates and projections. ... 3/ As defined in IMF, Balance of Payments Manual, 5th edition, 1993. 4/ Based on a three-year average of exports on the previous year (e.g., export average over 2004-2006 for NPV of debt-to-exports ratio in 2006).
|Title||:||Côte D’Ivoire: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative - Preliminary Document|
|Author||:||International Monetary Fund|
|Publisher||:||International Monetary Fund - 2009-01-30|