{
  "title": "Benin: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Benin",
  "publication": "IMF Staff Country Reports, January 7, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/benin-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43554",
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  "summary": "This 2015 Article IV Consultation highlights that for the third consecutive year, Benin is expected to reach solid economic growth in 2015 at about 5 percent, despite recent headwinds from the economic slowdown in Nigeria—Benin’s major trading partner.",
  "publishDate": "2016-01-07",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Macroeconomic performance and near-term outlook",
      "content": "- For the third consecutive year, Benin is expected to reach solid economic growth in 2015 at about 5 percent.\n- In 2016, increased public investment is expected to keep real GDP growth at about 5.2 percent.\n- Inflation is expected to remain subdued in 2016."
    },
    {
      "heading": "Medium-term outlook and risks",
      "content": "- The medium-term outlook is positive overall, but subject to significant risks.\n- Key downside risks:\n  - A further slowdown in Nigeria—Benin’s major trading partner.\n  - Delays of structural reforms that could weaken growth dynamics."
    },
    {
      "heading": "Public investment, debt, and fiscal space",
      "content": "- The government has ambitious plans to further scale-up investment over the medium term.\n- Low debt levels help accommodate the government’s investment plans."
    },
    {
      "heading": "Subject areas and keywords highlighted",
      "content": "- Subject areas: Banking, Capital spending, Debt sustainability, Expenditure, External debt, Fiscal policy, Public debt, Revenue administration.\n- 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.\n\n---\n\n Content in this bundle\n\n- Cr1606 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Cr1606f (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/benin-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43554"
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    "Published: January 7, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513595818.002",
    "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.",
    "The medium-term outlook is positive overall, but subject to significant risks.",
    "Key downside risks:",
    "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: 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.",
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