Benin: Selected Issues and Statistical Appendix

International Monetary Fund

No 2008/287, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper examines the external sustainability and competitiveness of Benin’s economy. Balance of payments flows suggest Benin’s external position is sustainable. Large trade and current account deficits are comfortably financed by inflows through the capital and financial accounts, in particular project grants and loans, private capital, and inflows to commercial banks. It is estimated that Benin could sustain a net foreign liability position in the range of 40–60 percent of GDP, corresponding to current account deficits of 3–5 percent of GDP.

Keywords: ISCR; CR; Benin; savings-investment norm; net foreign asset; NFA position; PMG approach; low income; nominal exchange rate; rank Benin; GDP inflation; Real effective exchange rates; Real exchange rates; Current account balance; Current account deficits; Current account; Global; government of Benin; conditional purchasing power parity; form estimation; Statistical Appendix table; central bank lending; West Africa (search for similar items in EconPapers)
Pages: 65
Date: 2008-08-18
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