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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
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 009
Language:
English
Publication Date:
11 Jan 2013
DOI:
https://doi.org/10.5089/9781475592917.002
ISBN:
9781475592917
ISSN:
1934-7685
Pages:
146
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund