Benin: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria

International Monetary Fund

No 2007/006, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2006 Article IV Consultation highlights that economic performance of Benin has been relatively subdued since 2003 after a decade of high growth. Slow economic growth has reflected limited progress in addressing core economic vulnerabilities and delays in implementing crucial growth-supporting structural reforms, against a backdrop of an appreciating real effective exchange rate and, more recently, a sizable deterioration in the terms of trade. Notwithstanding further delays in structural reforms, a turnaround in cotton production is helping to revive growth in 2006.

Keywords: ISCR; CR; government; PRGF arrangement; IMF in the amount of SDR; privatization agenda; SDR; IMF in the amount; growth-enhancing strategy; beninese authorities; Structural reforms; Agricultural commodities; Debt relief; Current account balance; West Africa (search for similar items in EconPapers)
Pages: 94
Date: 2007-01-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=20209 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2007/006

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().