Cover IMF Staff Country Reports
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.
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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund