December 9, 2017 / 7:22 AM / 2 years ago

IMF completes Ivory Coast review, will disburse around $137 mln

International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the IMF/World Bank annual meetings in Washington, U.S., October 14, 2017. REUTERS/Yuri Gripas

ABIDJAN (Reuters) - The International Monetary Fund (IMF) said on Friday it will disburse around $137 million dollars to Ivory Coast after completing the second review of the top cocoa grower’s programme with the institution.

The IMF said GDP growth will remain above 7 percent through 2019. And while the budget deficit is expected to be contained at 4.5 percent of GDP this year, it will return to the West African CFA franc zone’s 3 percent norm in 2019.

Reporting by Joe BavierEditing by Sandra Maler

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