Bloomberg News

Ivory Coast’s Economy May Contract Less Than Forecast, IMF Says

September 15, 2011

Sept. 15 (Bloomberg) -- Ivory Coast’s economy will probably contract 5.8 percent this year, less than previously forecast, the International Monetary Fund said.

The economic recovery after a post-election crisis has been faster than expected and the economy may expand as much as 9 percent in 2012, the Washington-based institution said in a statement on its website today.

The IMF has agreed to give the West African nation a loan of about $614 million, subject to approval from its board in November, it said.

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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