Fitch Ratings has affirmed Cote d'Ivoire's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+'. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary.

Ivory Coast is selling 1.7 billion euros ($2.1 billion) of bonds in the biggest issuance of debt in the common currency from an African government, according to a person familiar with the matter.

The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of the Republic of Côte d’Ivoire on November 7, 2017 signed a five-year, $524.7 million compact to spur economic growth and reduce poverty in Côte d’Ivoire, supporting regional stability and new business opportunities.

On June 19, 2017, the Executive Board of the International Monetary Fund (IMF) completed the first reviews of Cote d’Ivoire economic program supported by three-year arrangements under the Extended Credit Facility (ECF)[1] and Extended Arrangement under the Extended Fund Facility (EFF).[2] The Board also approved an augmentation of access under the two arrangements by SDR 162.60 million (about US$224.8 million) or 25 percent of the country’s quota. Today’s Board decision brings total access under the two arrangements to SDR 650.40 million (about US$899.2 million) or 100 percent of quota.