Benin: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin

July 2, 2019

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Summary

The economy continues to grow at a fast pace, driven by port activity and cotton production. The execution of the 2019 budget is on track to bring the fiscal deficit within the WAEMU convergence criterion of 3 percent of GDP this year. Program implementation remains very satisfactory with all end-December 2018 quantitative performance criteria (QPCs) and structural benchmarks (SBs) met.

Subject: Capital spending, Debt sustainability, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Capital spending, consolidation effort, CR, debt maturity, debt ratio, deficit, Eurobond issuance, financing mix, Global, Government debt management, ISCR, reform commitment, West Africa

Pages:
122
Volume:
2019
DOI:
https://doi.org/10.5089/9781498323802.002
Issue:
203
Series:
Country Report No. 2019/203
Stock No:
1BENEA2019001
ISBN:
9781498323802
ISSN:
1934-7685

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