Benin: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

International Monetary Fund

No 2003/322, IMF Staff Country Reports from International Monetary Fund

Abstract: Following satisfactory economic and financial performance under the Poverty Reduction and Growth Facility-supported program, performance was mixed. Benin should pursue a prudent debt-management policy with the support of the newly created debt committee. Implementation of the structural reform agenda is of critical importance for achieving the objectives of the Poverty Reduction Strategy Paper. Strengthening of the financial sector and maintaining external debt on a sustainable path is needed in Benin. Risks to the medium-term program remain, but they are manageable.

Keywords: ISCR; CR; government; PRGF arrangement; strategy; PRGF loan; civil service reform strategy; implementation; ginning enterprise; saving-investment balance; debt relief; Poverty reduction strategy; West Africa (search for similar items in EconPapers)
Pages: 80
Date: 2003-10-10
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