{
  "title": "Benin: Ex Post Assessment of Longer-Term Program Engagement-An Update",
  "publication": "IMF Staff Country Reports, February 25, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/benin-ex-post-assessment-of-longer-term-program-engagement-an-update-24671",
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  "summary": "Benin, a member of the CFA franc zone, has experienced uneven economic progress over the last several decades. It has a long history of engagement with the IMF.",
  "publishDate": "2011-02-25",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The update covers primarily the implementation of the program supported by the 2005–09 poverty reduction growth facility (PRGF) arrangement.\n- Benin is a member of the CFA franc zone and has a long history of engagement with the IMF.\n- The overall fiscal objective was to increase poverty-reducing spending while maintaining the sustainability of public debt.\n- Prior to the global financial crisis, Benin's economic growth accelerated steadily.\n- External shocks explain some of the growth's underperformance."
    },
    {
      "heading": "Fiscal objectives and public finance",
      "content": "- Primary objective: increase poverty-reducing spending.\n- Constraint: maintain sustainability of public debt.\n- Areas of focus listed under Subjects: Agricultural commodities, Capital spending, Commodities, Expenditure, Public financial management (PFM), Revenue administration."
    },
    {
      "heading": "Growth performance and external environment",
      "content": "- Economic growth accelerated steadily before the global financial crisis.\n- Growth underperformance is attributed in part to external shocks."
    },
    {
      "heading": "Report metadata and access",
      "content": "- Publication date: February 25, 2011\n- Series: IMF Staff Country Reports\n- Pages: 26\n- Volume: 2011\n- Issue: 055\n- Country Report No.: 2011/055\n- DOI: https://doi.org/10.5089/9781455220021.002\n- Stock No: 1BENEA2011001\n- ISBN: 9781455220021\n- ISSN: 1934-7685"
    },
    {
      "heading": "Keywords (as provided)",
      "content": "- 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\n\nSource: Benin: Ex Post Assessment of Longer-Term Program Engagement-An Update, IMF Staff Country Reports, February 25, 2011.\n\n---\n\n Content in this bundle\n\n- Cr1155\n  - Cr1155 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/benin-ex-post-assessment-of-longer-term-program-engagement-an-update-24671"
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    "Published: February 25, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455220021.002",
    "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.",
    "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.",
    "Economic growth accelerated steadily before the global financial crisis.",
    "Growth underperformance is attributed in part to external shocks.",
    "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",
    "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",
    "**Cr1155**"
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