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Benin: Enhanced Initiative for Heavily Indebted Poor Countries—Completion Point Document
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 089
Language:
English
Publication Date:
04 Apr 2003
DOI:
https://doi.org/10.5089/9781451803396.002
ISBN:
9781451803396
ISSN:
1934-7685
Pages:
47
Keywords:
ISCR; CR; U.S. dollar; Beninese authorities; exchange rate; public expenditure; ginning plant; GDP deflator; reform program; long-term debt; Debt relief; Debt service; Exports; West Africa
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This paper reviews Benin’s progress and proposes IMF Executive Board approval of the Completion Point Under the Enhanced Heavily Indebted Poor Countries (HIPC) Framework. The IMF staff and IDA consider that Benin has met the conditions for reaching the completion point under the enhanced HIPC Initiative, as specified in the decision point document. Benin’s macroeconomic program is on track, as evidenced by satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) arrangement, and the government has made considerable progress in implementing its structural adjustment program, albeit with delays.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund