Benin: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

June 21, 2007

Summary

The staff report for the Second Review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility (PRGF) highlights Benin’s macroeconomic framework. All quantitative performance criteria (PC) and benchmarks for the period through end-December 2006 were observed, but one structural performance criterion and one structural benchmark were missed. Reform of the civil service pension fund is urgently needed. Benin’s newly issued Growth and Poverty Reduction Strategy Paper (GPRSP) places renewed emphasis on private sector-led economic growth.

Subject: Agricultural commodities, Balance of payments statistics, Banking, Commodities, Current account balance, Economic and financial statistics, Fiscal policy, Fiscal stance, Poverty, Poverty reduction strategy, Public financial management (PFM)

Keywords: Agricultural commodities, Asia and Pacific, authorities' aim, authorities' effort, Balance of payments statistics, Benin authorities, CFA franc, CR, Fiscal stance, Global, government, government from the commercial activities, ISCR, poverty evaluation framework, Poverty reduction strategy, poverty-reducing spending, SDR, strategy, Sub-Saharan Africa, West Africa

Pages:
69
Volume:
2007
DOI:
https://doi.org/10.5089/9781451803495.002
Issue:
213
Series:
Country Report No. 2007/213
Stock No:
1BENEA2007002
ISBN:
9781451803495
ISSN:
1934-7685

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