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Benin: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; 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 2019: Issue 203
Language:
English
Publication Date:
02 Jul 2019
DOI:
https://doi.org/10.5089/9781498323802.002
ISBN:
9781498323802
ISSN:
1934-7685
Pages:
122
Keywords:
ISCR; CR; Eurobond issuance; deficit; debt ratio; financing mix; debt maturity; consolidation effort; reform commitment; Government debt management; Capital spending; Global; West Africa
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The economy continues to grow at a fast pace, driven by port activity and cotton production. The execution of the 2019 budget is on track to bring the fiscal deficit within the WAEMU convergence criterion of 3 percent of GDP this year. Program implementation remains very satisfactory with all end-December 2018 quantitative performance criteria (QPCs) and structural benchmarks (SBs) met.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund