Côte d’Ivoire: Enhanced Initiative for Heavily Indebted Poor Countries: Decision Point Document

Volume/Issue: Volume 2009 Issue 190
Publication date: June 2009
ISBN: 9781451807950
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Topics covered in this book

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Exports and Imports , Public Finance , ISCR , CR , HIPC debt relief , HIPC assistance , exchange rate , Ivorien authorities , NPV terms , central government , reform program , bridge loan , Debt relief , Debt service , Arrears , Debt service ratios , Global

Summary

This paper examines Côte d’Ivoire’s debt sustainability analysis undertaken in connection with the Enhanced Initiative for Heavily Indebted Poor Countries. The crisis years led to a substantial increase in poverty and deterioration in living standards. The March 2007 Ouagadougou Political Accord provides a roadmap for reunification, national reconciliation, demobilization, and elections. Significant revenue efforts and overall expenditure restraint have resulted in a modest space for social and crisis-exit spending. To eliminate extrabudgetary spending in the future and enhance transparency, the authorities have established a range of safeguards.