Cover IMF Staff Country Reports
Benin: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 006
Language:
English
Publication Date:
04 Jan 2007
DOI:
https://doi.org/10.5089/9781451803488.002
ISBN:
9781451803488
ISSN:
1934-7685
Pages:
94
Keywords:
ISCR; CR; government; PRGF arrangement; IMF in the amount of SDR; privatization agenda; SDR; IMF in the amount; growth-enhancing strategy; beninese authorities; Structural reforms; Agricultural commodities; Debt relief; Current account balance; West Africa
Download PDF (1.3 MB) Download Epub
This 2006 Article IV Consultation highlights that economic performance of Benin has been relatively subdued since 2003 after a decade of high growth. Slow economic growth has reflected limited progress in addressing core economic vulnerabilities and delays in implementing crucial growth-supporting structural reforms, against a backdrop of an appreciating real effective exchange rate and, more recently, a sizable deterioration in the terms of trade. Notwithstanding further delays in structural reforms, a turnaround in cotton production is helping to revive growth in 2006.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2007: Issue 006