Benin: Sixth Reviews Under the Extended Fund Facility and the Extended Credit Facility Arrangements, and Third Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Benin

International Monetary Fund

No 2025/185, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Benin’s Sixth Reviews under the Extended Fund Facility and the Extended Credit Facility Arrangements, and Third Review under the Resilience and Sustainability Facility (RSF) Arrangement. Benin's successful fiscal reforms supported the convergence to the West African Economic and Monetary Union fiscal deficit norm of 3 percent of gross domestic product one year ahead of schedule, with sustained domestic revenue mobilization and prioritized social spending. The 2025 budget is designed to sustain this achievement. A key challenge ahead for Benin is to preserve the reform momentum and strengthen policies that foster inclusive growth and an economic transformation that benefits all Beninese. The authorities have revised regulations for water resources monitoring, construction, electricity tariffs, and renewable energy in line with their climate agenda. The authorities should accelerate the reforms aimed at enhancing resilience to climate change and continue to advance their agenda under the RSF, to promote long-term balance of payments stability and catalyze private-led climate finance.

Keywords: RSF arrangement; government plan; electricity tariff regulation; ECF arrangement; Policy discussion; RSF review; RSF front; Debt sustainability analysis; Capital spending; West Africa; Africa; Global (search for similar items in EconPapers)
Pages: 117
Date: 2025-07-14
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=568592 (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:2025/185

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 ().