Investor Presentaiton slide image

Investor Presentaiton

Introduction COTE D'IVOIRE INVESTOR MEETING The Republic of Cote d'Ivoire has normalized its relationships with its external bilateral public creditors of the Paris Club ■ After a post election crisis which lasted from November 2010 to April 2011 and strongly affected its economic and financial situation, Cote d'Ivoire has made a new step in normalizing its relations with its external creditors by concluding, on November 15, 2011 a debt treatment agreement with Paris Club creditors under the Heavily Indebted Poor Countries Initiative (HIPC) ■This agreement will reduce by 78% total debt service due to Paris Club bilateral public creditors from July 1, 2011 to June 30, 2014 ■All arrears towards public creditors were cleared ■This agreement paves the way for the HIPC completion point to be reached as soon as possible ■ The Paris Club agreement followed the adoption by the IMF Board on November 4, 2011 of a new economic and financial program for the 2012 - 2014 period ■The implementation by the Ivorian authorities of this program elaborated with the IMF will help Cote d'Ivoire to reach high growth levels supported by a strong public investment effort that will contribute to a decrease in poverty levels after several years of adverse evolution
View entire presentation