S&P affirmed Ivory Coast’s BB- credit rating and revised the outlook to positive from stable. This revision follows a successful Eurobond issuance of USD 2.6 bln earlier in the year. Despite a drop in cocoa production, the economy is expected to grow by 6.5% in 2024, supported by a USD 4.8 bln agreement with the IMF, which has strengthened the nation’s financial and reserve positions.