Benin: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin

IMF Staff Country Reports, July 2, 2019

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Benin: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin

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Bibliographic details

• Published: July 2, 2019
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781498323802.002

Major findings and economic outlook

• The economy continues to grow at a fast pace, driven by port activity and cotton production.
• The execution of the 2019 budget is on track to bring the fiscal deficit within the WAEMU convergence criterion of 3 percent of GDP this year.
• Program implementation remains very satisfactory with all end-December 2018 quantitative performance criteria (QPCs) and structural benchmarks (SBs) met.

Fiscal and program implementation notes

• Fiscal stance: 2019 budget execution aimed to meet the WAEMU convergence criterion of 3 percent of GDP.
• Program performance: all end-December 2018 QPCs and SBs were met.

Subjects and keywords

• Subject: Capital spending, Debt sustainability, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration
• Keywords: Capital spending, consolidation effort, CR, debt maturity, debt ratio, deficit, Eurobond issuance, financing mix, Global, Government debt management, ISCR, reform commitment, West Africa

Publication and document metadata

• Pages: 122
• Volume: 2019
• DOI: https://doi.org/10.5089/9781498323802.002
• Issue: 203
• Series: Country Report No. 2019/203
• Stock No: 1BENEA2019001
• ISBN: 9781498323802
• ISSN: 1934-7685
• Date on page: July 2, 2019

International Monetary Fund. African Dept. "Benin: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin", IMF Staff Country Reports 2019, 203 (2019).

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