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

International Monetary Fund

No 2019/203, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Eurobond issuance; deficit; debt ratio; financing mix; debt maturity; consolidation effort; reform commitment; Government debt management; Capital spending; Global; West Africa (search for similar items in EconPapers)
Pages: 122
Date: 2019-07-02
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