Cover IMF Staff Country Reports
Benin: Second Review under the Extended Credit Facility and Request for Modification of Performance Criteria – Press Release; and Staff Report
Author: International Monetary Fund. African Dept.
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 217
Language:
English
Publication Date:
11 Jul 2018
DOI:
https://doi.org/10.5089/9781484367285.002
ISBN:
9781484367285
ISSN:
1934-7685
Pages:
78
Keywords:
ISCR; CR; programmed fiscal consolidation path; WAEMU convergence criterion; Benin; revenue; financing; short-term debt; long-term debt; debt issuance; revenue performance; contribution to the build-up; updated debt sustainability analysis; Capital spending; Public investment and public-private partnerships (PPP); Current spending; Sub-Saharan Africa; Global; Africa
Download PDF (1.9 MB) Download Epub
Economic growth remains strong, driven by cotton production, increased public investment, and a vibrant tertiary sector that benefited from the economic recovery in Nigeria since June 2017. The fiscal consolidation path envisages a lower than originally programmed fiscal deficit (including grants) in 2018—thanks to stronger domestic revenue mobilization—and attainment of the WAEMU convergence criterion of 3 percent of GDP in 2019. Program implementation remains satisfactory with all end-December 2017 quantitative performance criteria (QPCs) met. The ongoing rebasing of the national accounts initiated in 2017 is expected to be completed later in 2018.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund