Benin: Second Review under the Extended Credit Facility and Request for Modification of Performance Criteria – Press Release; and Staff Report
IMF Staff Country Reports, July 11, 2018
Source details
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- Benin: Second Review under the Extended Credit Facility and Request for Modification of Performance Criteria – Press Release; and Staff Report
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Bibliographic details
- Published: July 11, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484367285.002
Economic growth and drivers
- Economic growth remains strong.
- Growth drivers identified: cotton production, increased public investment, and a vibrant tertiary sector that benefited from the economic recovery in Nigeria since June 2017.
Fiscal consolidation and program targets
- The fiscal consolidation path envisages a lower than originally programmed fiscal deficit (including grants) in 2018—attributed to stronger domestic revenue mobilization.
- Attainment of the WAEMU convergence criterion of 3 percent of GDP is expected in 2019.
- Program implementation status: satisfactory, with all end-December 2017 quantitative performance criteria (QPCs) met.
National accounts and data updates
- The ongoing rebasing of the national accounts, initiated in 2017, is expected to be completed later in 2018.
Thematic coverage (subjects and keywords)
- Subjects listed: Capital spending, Current spending, Expenditure, Public debt, Public investment and public-private partnerships (PPP), Revenue administration.
- Keywords include: Africa, Benin, Capital spending, contribution to the build-up, CR, Current spending, debt issuance, financing, Global, ISCR, long-term debt, programmed fiscal consolidation path, Public investment and public-private partnerships (PPP), revenue, revenue performance, short-term debt, Sub-Saharan Africa, updated debt sustainability analysis, WAEMU convergence criterion.
Content in this bundle
- Country Report