Benin: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

International Monetary Fund

No 2008/374, IMF Staff Country Reports from International Monetary Fund

Abstract: Benin’s Fifth Review under the Poverty Reduction and Growth Facility and request for waiver of Nonobservance of Performance Criteria are discussed. The main challenge ahead is to limit inflation pressures from higher food and fuel prices while sustaining medium-term fiscal consolidation and accelerating structural reforms to increase the sustainable growth rate. The authorities have taken actions to address the food and fuel crisis and accelerate structural reforms. They have allowed the full pass-through of higher international food and fuel prices and tightened fiscal policy while putting in place measures to protect the poor.

Keywords: ISCR; CR; Benin; reform; resident port management expert; financial crisis; Benin's competitiveness; debt position; reform agenda; expenditure needs; Benin authorities; Debt sustainability; Fuel prices; Balance of payments statistics; Global; West Africa (search for similar items in EconPapers)
Pages: 76
Date: 2008-12-22
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