The IMF executive board has approved the $3.5 billion reform program negotiated by Côte d’Ivoire weeks earlier. The 40-month program includes an Extended Fund Facility (EFF) and an Extended Credit Facility (ECF). It allows the disbursement of an amount equivalent to 400% of the country’s quota to maintain short-term macroeconomic stability.

For more information, please see https://www.ecofinagency.com/public-management/2505-44565-cote-d-ivoire-imf-board-validates-a-40-month-eff-ecf-program