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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.
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