## 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, July 2, 2019_

## Source details

**Canonical URL:** [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](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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## Bibliographic details
- Published: July 2, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498323802.002

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### Major findings and economic outlook
- 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 and program implementation notes
- 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.

### Subjects and keywords
- 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

### Publication and document metadata
- 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

*International 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).*

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_Source: https://www.imf.org/en/publications/cr/issues/2019/07/02/benin-2019-article-iv-consultation-fourth-review-under-the-extended-credit-facility-47072_