Investor Presentaiton slide image

Investor Presentaiton

COTE D'IVOIRE INVESTOR MEETING Finally, the Ivorian Authorities Were Not in a Position to Make an Offer to Bondholders that Would Rely on a Realistic Financial Framework (cont'd) ■ The authorities had no other choice but to announce to private creditors, in their November 18 communiqué, their decision to postpone the offer ■Cote d'Ivoire will only be in a position to make a firm offer to bondholders based on a financial framework assessed by the IMF once completion point is in sight Before that, the authorities don't want to take the risk of over-committing ■ Cote d'Ivoire wishes to reach completion point as soon as possible thanks to the strong support of all its external partners - The first review of the IMF Program will take place in April 2012 and the remaining completion point "triggers" are close to being met (notably the reform of the cocoa-coffee sector reform) In principle, completion point could be reached at the end of H1 2012, though the IMF is betting on early H2 2012 in its November report 224
View entire presentation