{
  "title": "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",
  "publication": "IMF Staff Country Reports, July 2, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/07/02/benin-2019-article-iv-consultation-fourth-review-under-the-extended-credit-facility-47072",
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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.",
  "sections": [
    {
      "heading": "Major findings and economic outlook",
      "content": "- The economy continues to grow at a fast pace, driven by port activity and cotton production.\n- 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.\n- Program implementation remains very satisfactory with all end-December 2018 quantitative performance criteria (QPCs) and structural benchmarks (SBs) met."
    },
    {
      "heading": "Fiscal and program implementation notes",
      "content": "- Fiscal stance: 2019 budget execution aimed to meet the WAEMU convergence criterion of 3 percent of GDP.\n- Program performance: all end-December 2018 QPCs and SBs were met."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Capital spending, Debt sustainability, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration\n- Keywords: Capital spending, consolidation effort, CR, debt maturity, debt ratio, deficit, Eurobond issuance, financing mix, Global, Government debt management, ISCR, reform commitment, West Africa"
    },
    {
      "heading": "Publication and document metadata",
      "content": "- Pages: 122\n- Volume: 2019\n- DOI: https://doi.org/10.5089/9781498323802.002\n- Issue: 203\n- Series: Country Report No. 2019/203\n- Stock No: 1BENEA2019001\n- ISBN: 9781498323802\n- ISSN: 1934-7685\n- Date on page: July 2, 2019\n\nInternational Monetary Fund. African Dept. \"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\", IMF Staff Country Reports 2019, 203 (2019).\n\n---\n\n Content in this bundle\n\n- 1benea2019001\n  - 1benea2019001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1benea2019001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 2, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498323802.002",
    "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.",
    "Fiscal stance: 2019 budget execution aimed to meet the WAEMU convergence criterion of 3 percent of GDP.",
    "Program performance: all end-December 2018 QPCs and SBs were 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",
    "Date on page: July 2, 2019",
    "**1benea2019001**"
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