Benin: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for a Waiver of the Nonobservances of a Continuous Performance Criterion: Staff Report; Staff Supplement; Press Release; and Statement by the Executive Director for Benin

September 22, 2011

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Summary

Despite severe economic, political, and natural setbacks in Benin in 2010, its economic growth has accelerated in 2011. The Executive Board of the International Monetary Fund (IMF) has appreciated Benin’s economic performance under the program supported by the Extended Credit Facility (ECF). Based on the satisfactory performance and strong policy commitments, the Executive Board has granted a waiver for Benin. Directors have emphasized that a prudent fiscal policy is essential to preserve macroeconomic stability.

Subject: Capital spending, Current spending, Expenditure, External debt, Public debt, Revenue administration

Keywords: Benin telecom, Capital spending, CR, Current spending, debt, deficit, executive board's discussion, GDP deflator, ISCR, management of Benin-Niger, privatization process, program implementation, real GDP, West Africa

Pages:
78
Volume:
2011
DOI:
https://doi.org/10.5089/9781463903626.002
Issue:
243
Series:
Country Report No. 2011/243
Stock No:
1BENEA2011003
ISBN:
9781463903626
ISSN:
1934-7685

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