Benin : Second Review under the Extended Credit Facility and Request for Modification of Performance Criteria – Press Release; and Staff Report

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 11, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Economic growth remains strong, driven by cotton production, increased public investment, and a vibrant tertiary sector that benefited from the economic recovery in Nigeria since June 2017. The fiscal consolidation path envisages a lower than originally programmed fiscal deficit (including grants) in 2018—thanks to stronger domestic revenue mobilization—and attainment of the WAEMU convergence criterion of 3 percent of GDP in 2019. Program implementation remains satisfactory with all end-December 2017 quantitative performance criteria (QPCs) met. The ongoing rebasing of the national accounts initiated in 2017 is expected to be completed later in 2018.

Series:

Country Report No. 18/217

Subject:

English

Publication Date:

July 11, 2018

ISBN/ISSN:

9781484367285/1934-7685

Stock No:

1BENEA2018003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

78

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