{
  "title": "Benin: 2010 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Staff Supplements and Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin",
  "publication": "IMF Staff Country Reports, July 8, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/benin-2010-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-24020",
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  "summary": "The goal of the last ECF arrangement (2005–09) was to support Benin’s strategy to achieve higher sustainable growth and reduce poverty while preserving macroeconomic stability and reducing vulnerabilities to external shocks. The program achieved most of its objectives.",
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      "heading": "Executive summary and program assessment",
      "content": "- Goal of the last ECF arrangement (2005–09): support Benin’s strategy to achieve higher sustainable growth and reduce poverty while preserving macroeconomic stability and reducing vulnerabilities to external shocks.\n- Program outcome: the program achieved most of its objectives.\n- Main macroeconomic challenge: mitigate the impact of the crisis in the short term, while reaching higher sustainable growth over the medium term.\n- Government program appraisal: the government’s economic program is geared properly to pursue these objectives.\n- Structural reform agenda: appropriately ambitious."
    },
    {
      "heading": "Major themes and policy implications",
      "content": "- Short-term priority:\n  - Mitigate the impact of the crisis in the short term.\n- Medium-term priority:\n  - Reach higher sustainable growth over the medium term.\n- Policy orientation:\n  - Continue implementation of the government’s economic program as currently designed to address both short-term stabilization and medium-term growth objectives.\n  - Advance the appropriately ambitious structural reform agenda to support sustained improvements in growth and resilience."
    },
    {
      "heading": "Subjects and keywords (as provided)",
      "content": "- Subject: Expenditure, External debt, Fiscal policy, Public debt, Public financial management (PFM)\n- Keywords: amount equivalent to SDR, CR, customs department, deficit, ECF arrangement, financing, financing gap, Global, growth program, ISCR, real GDP, West Africa\n\n---\n\n Content in this bundle\n\n- cr10195\n  - cr10195 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr10195 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr10195f\n  - cr10195f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr10195f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 8, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455203239.002",
    "Goal of the last ECF arrangement (2005–09): support Benin’s strategy to achieve higher sustainable growth and reduce poverty while preserving macroeconomic stability and reducing vulnerabilities to external shocks.",
    "Program outcome: the program achieved most of its objectives.",
    "Main macroeconomic challenge: mitigate the impact of the crisis in the short term, while reaching higher sustainable growth over the medium term.",
    "Government program appraisal: the government’s economic program is geared properly to pursue these objectives.",
    "Structural reform agenda: appropriately ambitious.",
    "Short-term priority:",
    "Medium-term priority:",
    "Policy orientation:",
    "Subject: Expenditure, External debt, Fiscal policy, Public debt, Public financial management (PFM)",
    "Keywords: amount equivalent to SDR, CR, customs department, deficit, ECF arrangement, financing, financing gap, Global, growth program, ISCR, real GDP, West Africa",
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