{
  "title": "Benin: Second Review under the Extended Credit Facility and Request for Modification of Performance Criteria – Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, July 11, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/07/11/benin-second-review-under-the-extended-credit-facility-and-request-for-modification-of-46069",
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  "summary": "Economic growth remains strong, driven by cotton production, increased public investment, and a vibrant tertiary sector that benefited from the economic recovery in Nigeria since June 2017.",
  "sections": [
    {
      "heading": "Economic growth and drivers",
      "content": "- Economic growth remains strong.\n- Growth drivers identified: cotton production, increased public investment, and a vibrant tertiary sector that benefited from the economic recovery in Nigeria since June 2017."
    },
    {
      "heading": "Fiscal consolidation and program targets",
      "content": "- The fiscal consolidation path envisages a lower than originally programmed fiscal deficit (including grants) in 2018—attributed to stronger domestic revenue mobilization.\n- Attainment of the WAEMU convergence criterion of 3 percent of GDP is expected in 2019.\n- Program implementation status: satisfactory, with all end-December 2017 quantitative performance criteria (QPCs) met."
    },
    {
      "heading": "National accounts and data updates",
      "content": "- The ongoing rebasing of the national accounts, initiated in 2017, is expected to be completed later in 2018."
    },
    {
      "heading": "Thematic coverage (subjects and keywords)",
      "content": "- Subjects listed: Capital spending, Current spending, Expenditure, Public debt, Public investment and public-private partnerships (PPP), Revenue administration.\n- 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.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: July 11, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484367285.002",
    "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.",
    "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.",
    "The ongoing rebasing of the national accounts, initiated in 2017, is expected to be completed later in 2018.",
    "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.",
    "**Country Report**"
  ],
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