Benin: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of a Performance Criterion, and Request for Extension of the Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin
January 16, 2008
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Benin showed good macroeconomic performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that strong revenue performance helped to underpin improvement in public finances and economic growth while keeping inflation low. They stressed the need to adhere to prudent fiscal and monetary policies and also to build a sound banking system. They welcomed reforms to enhance the efficiency and competitiveness of the Port of Cotonou. They emphasized the need for the implementation of structural reforms, the improvement of the land tenure system, and the judiciary for growth and economic diversification.
Subject: Agricultural commodities, Balance of payments statistics, Banking, Current spending, Debt sustainability analysis, Economic and financial statistics, Expenditure, External debt, Fiscal policy, Fiscal stance, Monetary statistics
Keywords: Balance of payments statistics, Benin, Benin authorities, CR, Debt sustainability analysis, Fiscal stance, government, ISCR, Monetary statistics, PRGF arrangement, PRGF loan, PRGF-supported program, telecom company, West Africa
Pages:
82
Volume:
2008
DOI:
Issue:
019
Series:
Country Report No. 2008/019
Stock No:
1BENEA2008001
ISBN:
9781451803518
ISSN:
1934-7685
Notes
Also available in French
