{
  "title": "Benin: Sixth Review under the Extended Credit Facility Arrangement, and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Benin",
  "publication": "IMF Staff Country Reports, May 20, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450",
  "overlayPath": "/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450/index.md",
  "summary": "This paper presents Benin’s Sixth Review Under the Extended Credit Facility (ECF) Arrangement, and Request for Augmentation of Access. Program implementation continues to be strong, with all end-December 2019 quantitative performance criteria and the structural benchmarks under review being met.",
  "sections": [
    {
      "heading": "Program implementation and review outcomes",
      "content": "- Program implementation continued to be strong.\n- All end-December 2019 quantitative performance criteria and the structural benchmarks under review were met.\n- IMF staff supports the completion of the sixth review under the ECF-supported arrangement."
    },
    {
      "heading": "Economic impact of COVID-19 and outlook for 2020",
      "content": "- Economic activity is expected to decelerate sharply in 2020 due to the coronavirus disease 2019 pandemic.\n- The authorities prepared a response plan of 1.7 percent of gross domestic product (GDP) to contain health risks and support the economy.\n- As a result of the projected revenue shortfall and the new measures, the 2020 fiscal deficit is revised upward to 3.5 percent of GDP."
    },
    {
      "heading": "Financing needs and IMF support",
      "content": "- IMF staff supports the request for an augmentation of access equivalent to 61.4 percent of quota to address larger financing needs.\n- The authorities’ policies under the ECF-supported program are substantially adapted to cope with the health and economic emergency."
    },
    {
      "heading": "Key thematic areas covered",
      "content": "- COVID-19\n- Credit\n- External debt\n- Government debt management\n- Health\n- Money\n- Public debt\n- Public financial management (PFM)\n- Revenue administration\n- Stress testing\n\nSource: Benin: Sixth Review under the Extended Credit Facility Arrangement, and Request for Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Benin\n\n---\n\n Content in this bundle\n\n- 1benea2020002\n  - 1benea2020002 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1benea2020002 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450/bundle-manifest.json)",
    "Published: May 20, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513544960.002",
    "Program implementation continued to be strong.",
    "All end-December 2019 quantitative performance criteria and the structural benchmarks under review were met.",
    "IMF staff supports the completion of the sixth review under the ECF-supported arrangement.",
    "Economic activity is expected to decelerate sharply in 2020 due to the coronavirus disease 2019 pandemic.",
    "The authorities prepared a response plan of 1.7 percent of gross domestic product (GDP) to contain health risks and support the economy.",
    "As a result of the projected revenue shortfall and the new measures, the 2020 fiscal deficit is revised upward to 3.5 percent of GDP.",
    "IMF staff supports the request for an augmentation of access equivalent to 61.4 percent of quota to address larger financing needs.",
    "The authorities’ policies under the ECF-supported program are substantially adapted to cope with the health and economic emergency.",
    "**1benea2020002**"
  ],
  "related": [
    {
      "title": "1benea2020002",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2020/english/1benea2020002.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2020/english/1benea2020002.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2020/english/1benea2020002.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450/index.md",
    "json": "/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450/index.json",
    "bundleManifest": "/en/publications/cr/issues/2020/05/20/benin-sixth-review-under-the-extended-credit-facility-arrangement-and-request-for-49450/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T18:40:28.779Z"
}