IMF Staff Country Reports

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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

December 13, 2018

Electronic Access:

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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.

Series:

Country Report No. 18/364

Subject:

Debt sustainability Economic indicators Extended arrangement reviews Extended Credit Facility Fiscal consolidation Governance Government expenditures Inclusive growth Letters of Intent Performance criteria waivers Press releases Staff reports Sustainable Development Goals (SDG)