Benin: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Benin

International Monetary Fund

No 2016/006, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2015 Article IV Consultation highlights that for the third consecutive year, Benin is expected to reach solid economic growth in 2015 at about 5 percent, despite recent headwinds from the economic slowdown in Nigeria—Benin’s major trading partner. In 2016, increased public investment is expected to keep real GDP growth at about 5.2 percent, with inflation to remain subdued. The medium-term outlook is also positive overall, but subject to significant risks, including a further slowdown in Nigeria and delays of structural reforms that could weaken growth dynamics. Low debt levels help accommodate the government’s ambitious plans to further scale-up investment over the medium term.

Keywords: ISCR; CR; financing; investment spending; deficit; spending; election spending; de facto arrears; envisaged investment program; debt management strategy; Monetary and financial statistics; Capital spending; West Africa; Global (search for similar items in EconPapers)
Pages: 70
Date: 2016-01-07
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