Benin : Sixth Review under the Extended Credit Facility Arrangement, and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Benin
Electronic Access:
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Summary:
Program implementation continues to be strong, with all end-December 2019 quantitative performance criteria (QPCs) and the structural benchmarks (SB) under review being met. Economic activity is expected to decelerate sharply in 2020 due to the COVID-19 pandemic. The authorities have prepared a response plan of 1.7 percent of GDP to contain health risks and support the economy. As a result of the projected revenue shortfall and the new measures, the 2020 fiscal deficit is revised upward to 3.5 percent of GDP.
Series:
Country Report No. 2020/175
Subject:
Balance of payments Credit Extended Credit Facility External sector Fiscal policy Public financial management
English
Publication Date:
May 20, 2020
ISBN/ISSN:
9781513544960/1934-7685
Stock No:
1BENEA2020002
Format:
Paper
Pages:
89
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