Benin: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Benin

December 13, 2018

Preview Citation

Format: Chicago

Benin: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2018) accessed July 14, 2025

Also available in: français

Summary

The growth momentum continues, driven by strong port activity, high cotton production, and the recovery of the Nigerian economy. The 2019 budget will bring the commitment-based fiscal deficit below the WAEMU convergence criterion of 3 percent of GDP next year. Program implementation remains satisfactory with all end-June 2018 quantitative performance criteria (QPCs) met; but the continuous QPC on non-accumulation of new domestic arrears was breached over March-June due to an institutional oversight.

Subject: Capital spending, Current spending, Expenditure, External debt, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Africa, Authorities' intention, Benin's request, Capital spending, Current spending, Draft budget, Executive board discussion, WAEMU deficit criterion, West Africa

Publication Details

Pages:

92
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2018/364
Stock No:

1BENEA2018004
ISBN:

9781484389911
ISSN:

1934-7685

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports