## 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

_IMF Staff Country Reports, July 8, 2010_

## Source details

**Canonical URL:** [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](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)

## Other formats

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## Bibliographic details
- Published: July 8, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455203239.002

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### Executive summary and program assessment
- 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.

### Major themes and policy implications
- Short-term priority:
  - Mitigate the impact of the crisis in the short term.
- Medium-term priority:
  - Reach higher sustainable growth over the medium term.
- Policy orientation:
  - Continue implementation of the government’s economic program as currently designed to address both short-term stabilization and medium-term growth objectives.
  - Advance the appropriately ambitious structural reform agenda to support sustained improvements in growth and resilience.

### Subjects and keywords (as provided)
- 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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_Source: 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_