Benin : 2008 Article IV Consultation and Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Augmentation of Access — Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

Author/Editor:

International Monetary Fund

Publication Date:

July 16, 2008

Electronic Access:

Free Full Text (PDF file size is 1215 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2008 Article IV Consultation highlights that in the last two years, Benin has experienced a pickup in growth and low inflation supported by prudent fiscal policies and external debt relief. However, progress in addressing core economic vulnerabilities has fallen short of expectations, and the external environment has become less favorable with a strengthening CFA franc adding to competitiveness concerns and surging food and fuel prices accentuating a deterioration in the terms of trade. The surplus on the narrowly defined primary budget is projected to decline to 0.5 percent of GDP in 2008.

Series:

Country Report No. 08/230

Subject:

Frequency:

Quarterly

English

Publication Date:

July 16, 2008

ISBN/ISSN:

9781451803556/1934-7685

Stock No:

1BENEA2008005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

86

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