Benin: Sixth Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion

International Monetary Fund

No 2014/150, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Benin’s Sixth Review Under the Extended Credit Facility (ECF) Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion (PC). The last review of Benin’s ECF arrangement confirms the improved growth performance during the program. Real GDP growth is expected to reach about 5½ percent in 2014 for the third consecutive year. The government is tackling emerging issues in several areas to reduce risks to the good macroeconomic performance. The IMF staff recommends completion of the review and supports the authorities’ request for a waiver of the PCs on nonconcessional borrowing.

Keywords: ISCR; CR; ECF arrangement; SDR; investment spending; reform; government; sound policy; government decision; broad money; Capital spending; Loans; Current spending; Credit; West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 42
Date: 2014-06-03
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Citations: View citations in EconPapers (8)

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