## Benin: Request for a Three-year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Benin

_IMF Staff Country Reports, April 26, 2017_

## Source details

**Canonical URL:** [Benin: Request for a Three-year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Benin](https://www.imf.org/en/publications/cr/issues/2017/04/26/benin-request-for-a-three-year-arrangement-under-the-extended-credit-facility-press-release-44868)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/04/26/benin-request-for-a-three-year-arrangement-under-the-extended-credit-facility-press-release-44868/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/04/26/benin-request-for-a-three-year-arrangement-under-the-extended-credit-facility-press-release-44868/index.json)
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## Bibliographic details
- Published: April 26, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475596182.002

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### Program objectives and scope
- The paper discusses Benin’s Request for a Three-Year Arrangement under the Extended Credit Facility.
- The new program aims to:
  - create fiscal space by stepping up domestic revenue mobilization and enhancing the efficiency of government spending;
  - gradually increase absorptive capacity to scale up investment;
  - strengthen public debt management;
  - promote private sector investment through stronger institutions and a better business environment while keeping debt sustainable;
  - ensure that scaled-up public investment is consistent with debt sustainability.

### Rationale and risks
- Recent borrowing has significantly reduced available fiscal space.
- Potential risks have materialized as a result of:
  - growth shortfalls;
  - fiscal slippages;
  - contingent liabilities from state-owned enterprises.

### Policy focus areas (as presented)
- Revenue and fiscal policy
  - step up domestic revenue mobilization;
  - enhance the efficiency of government spending.
- Public investment and absorptive capacity
  - gradually increase absorptive capacity to scale up investment;
  - ensure scaled-up public investment is consistent with debt sustainability.
- Public debt management
  - strengthen public debt management to preserve debt sustainability.
- Private sector development
  - promote private sector investment through stronger institutions and a better business environment.

### Thematic subjects and keywords
- Subject: Capital spending, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Revenue administration
- Keywords: authorities' intention, authority, Benin's economy, Capital spending, convergence criteria, CR, debt, ECF arrangement, financing, Global, ISCR, protracted balance of payments, Public investment and public-private partnerships (PPP), sustainability framework program scenario, West Africa

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17100.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17100.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/04/26/benin-request-for-a-three-year-arrangement-under-the-extended-credit-facility-press-release-44868_