Benin: 2012 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement—Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

International Monetary Fund

No 2013/009, IMF Staff Country Reports from International Monetary Fund

Abstract: Benin has made significant progress in consolidating macroeconomic stability under the IMF-supported program. Its prudent fiscal policy has kept fiscal deficits at manageable levels and is projected to yield a basic primary surplus in 2012. The Executive Board of the International Monetary Fund (IMF) suggested that the authorities hold current expenditures to provide space for infrastructure spending and meet medium-term fiscal objectives. Benin’s authorities are committed to maintain sound macroeconomic policies, pursue the implementation of critical structural reforms, and take further measure to achieve program objectives.

Keywords: ISCR; CR; debt; current account; real GDP; deficit; reforms to the cotton sector; headline inflation inflation rate; disbursement of SDR; executive board's discussion; Beninese authorities; Commercial banks; Loans; Microfinance; Global; West Africa; Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 146
Date: 2013-01-11
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