Benin: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Benin
IMF Staff Country Reports, January 7, 2016
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- Benin: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Benin
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Bibliographic details
- Published: January 7, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513595818.002
Macroeconomic performance and near-term outlook
- For the third consecutive year, Benin is expected to reach solid economic growth in 2015 at about 5 percent.
- In 2016, increased public investment is expected to keep real GDP growth at about 5.2 percent.
- Inflation is expected to remain subdued in 2016.
Medium-term outlook and risks
- The medium-term outlook is positive overall, but subject to significant risks.
- Key downside risks:
- A further slowdown in Nigeria—Benin’s major trading partner.
- Delays of structural reforms that could weaken growth dynamics.
Public investment, debt, and fiscal space
- The government has ambitious plans to further scale-up investment over the medium term.
- Low debt levels help accommodate the government’s investment plans.
Subject areas and keywords highlighted
- Subject areas: Banking, Capital spending, Debt sustainability, Expenditure, External debt, Fiscal policy, Public debt, Revenue administration.
- Keywords: Capital spending, CR, de facto arrears, debt management strategy, deficit, election spending, envisaged investment program, financing, Global, investment spending, ISCR, Monetary and financial statistics, spending, West Africa.