{"id":10859,"date":"2024-02-18T14:06:48","date_gmt":"2024-02-18T14:06:48","guid":{"rendered":"https:\/\/qiraatafrican.com\/en\/?p=10859"},"modified":"2024-02-18T14:06:48","modified_gmt":"2024-02-18T14:06:48","slug":"imf-reaches-staff-level-agreement-with-ivory-coast-for-1-3-billion-resilience-sustainability-facility","status":"publish","type":"post","link":"https:\/\/qiraatafrican.com\/en\/10859\/imf-reaches-staff-level-agreement-with-ivory-coast-for-1-3-billion-resilience-sustainability-facility\/","title":{"rendered":"IMF reaches staff level agreement with Ivory Coast for $1.3 billion resilience, sustainability facility"},"content":{"rendered":"<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">The International Monetary Fund said on Friday that it had reached a staff level agreement with Ivory Coast for a $1.3 billion programme to fight climate change supported by the fund&#8217;s Resilience and Sustainability Facility.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-1\">Ivory Coast, the world&#8217;s top cocoa grower, is exposed and vulnerable to climate change, the IMF said in a statement.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-2\">&#8220;Rising temperatures, rainfall disruptions, flooding, rising sea levels and coastal erosion are major challenges and represent recurring risks for resilient, sustainable and inclusive economic growth,&#8221; the fund said.<\/div>\n<div class=\"article-body__element__2p5pI\"><\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-3\">The reform measures between 2024 and 2026 will support Ivory Coast&#8217;s actions to strengthen climate change adaptation and mitigation, particularly in the areas of agriculture, transport, infrastructure and public financial management.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-4\">The agreement will be submitted to the fund&#8217;s executive board for approval in the coming weeks, the statement said.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund said on Friday that it had reached a staff level agreement with Ivory Coast for a $1.3 billion programme to fight climate change supported by the fund&#8217;s Resilience and Sustainability Facility. Ivory Coast, the world&#8217;s top cocoa grower, is exposed and vulnerable to climate change, the IMF said in a statement. 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