Benin: Ex Post Assessment of Performance Under Fund-Supported Programs

International Monetary Fund

No 2004/371, IMF Staff Country Reports from International Monetary Fund

Abstract: This Ex Post Assessment reviews Benin’s progress in implementing economic policies and reforms supported by the Enhanced Structural Adjustment Facility (ESAF) and Poverty Reduction and Growth Facility (PRGF) arrangements since 1993, and draws lessons for a possible successor arrangement. The paper briefly presents developments prior to these arrangements, including the comprehensive stabilization and liberalization of the economy starting in 1989. It also reviews the performance under the three arrangements during 1993–2003. It also discusses the role that the IMF could play in helping the authorities meet various challenges.

Keywords: ISCR; CR; government monopoly; ginning plant; public spending; reduction strategy; budget cycle; CFA franc; debt management; government deficit; poverty-reducing expenditure; PRSP preparation process; total factor productivity; public expenditure; government program; real GDP; government finance; government performance; economic growth; government intervention; Poverty reduction strategy; Civil service reform; Structural reforms; West Africa (search for similar items in EconPapers)
Pages: 36
Date: 2004-11-24
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