The rating agency Fitch Ratings has confirmed Côte d'Ivoire's long-term issuer default (IDR) rating to “BB-” with a stable perspective.

The “BB-” rating balances the strong growth prospects of Côte d'Ivoire. This is a history of good fiscal management that supports the opinion of Fitch that the authorities will implement the reforms needed to continue to reverse the recent deterioration in the fiscal balance and debt parameters, in the face of low development indicators, a high dependency to raw materials, a low level of mobilization of government revenue and low external liquidity. Fitch expects the deficit reduction over the period 2024-2025 to be supported by higher government revenue from additional fiscal mobilization and the increase in cocoa revenues, as well as by a decrease in crisis-related expenditure.