Benin: Selected Issues and Statistical Appendix
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Summary:
This paper examines the external sustainability and competitiveness of Benin’s economy. Balance of payments flows suggest Benin’s external position is sustainable. Large trade and current account deficits are comfortably financed by inflows through the capital and financial accounts, in particular project grants and loans, private capital, and inflows to commercial banks. It is estimated that Benin could sustain a net foreign liability position in the range of 40–60 percent of GDP, corresponding to current account deficits of 3–5 percent of GDP.
Series:
Country Report No. 2008/287
Subject:
Balance of payments Current account Current account balance Current account deficits Foreign exchange Real effective exchange rates Real exchange rates
English
Publication Date:
August 18, 2008
ISBN/ISSN:
9781451803587/1934-7685
Stock No:
1BENEA2008008
Pages:
65
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