Benin: Ex Post Assessment of Longer-Term Program Engagement-An Update
IMF Staff Country Reports, February 25, 2011
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- Benin: Ex Post Assessment of Longer-Term Program Engagement-An Update
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Bibliographic details
- Published: February 25, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455220021.002
Summary
- The update covers primarily the implementation of the program supported by the 2005–09 poverty reduction growth facility (PRGF) arrangement.
- Benin is a member of the CFA franc zone and has a long history of engagement with the IMF.
- The overall fiscal objective was to increase poverty-reducing spending while maintaining the sustainability of public debt.
- Prior to the global financial crisis, Benin's economic growth accelerated steadily.
- External shocks explain some of the growth's underperformance.
Fiscal objectives and public finance
- Primary objective: increase poverty-reducing spending.
- Constraint: maintain sustainability of public debt.
- Areas of focus listed under Subjects: Agricultural commodities, Capital spending, Commodities, Expenditure, Public financial management (PFM), Revenue administration.
Growth performance and external environment
- Economic growth accelerated steadily before the global financial crisis.
- Growth underperformance is attributed in part to external shocks.
Report metadata and access
- Publication date: February 25, 2011
- Series: IMF Staff Country Reports
- Pages: 26
- Volume: 2011
- Issue: 055
- Country Report No.: 2011/055
- DOI: https://doi.org/10.5089/9781455220021.002
- Stock No: 1BENEA2011001
- ISBN: 9781455220021
- ISSN: 1934-7685
Keywords (as provided)
- Agricultural commodities, amount, Benin, Beninese economy, Capital spending, CFA franc, CR, Customs revenue, debt relief, GDP growth, Global, government, government expenditure-to-GDP ratio, growth performance, ISCR, poverty-reducing expenditure, revenue, revenue collection, Sub-Saharan Africa, tax revenue-to-GDP ratio
Source: Benin: Ex Post Assessment of Longer-Term Program Engagement-An Update, IMF Staff Country Reports, February 25, 2011.
Content in this bundle
- Cr1155