Benin: Sixth Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion

June 3, 2014

Preview Citation

Format: Chicago

Benin: Sixth Review Under the Extended Credit Facility Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion, (USA: International Monetary Fund, 2014) accessed November 23, 2024

Also available in: français

Summary

This paper discusses Benin’s Sixth Review Under the Extended Credit Facility (ECF) Arrangement and Request for a Waiver of Nonobservance of a Performance Criterion (PC). The last review of Benin’s ECF arrangement confirms the improved growth performance during the program. Real GDP growth is expected to reach about 5½ percent in 2014 for the third consecutive year. The government is tackling emerging issues in several areas to reduce risks to the good macroeconomic performance. The IMF staff recommends completion of the review and supports the authorities’ request for a waiver of the PCs on nonconcessional borrowing.

Subject: Capital spending, Credit, Current spending, Expenditure, Financial institutions, Loans, Money, Revenue administration

Keywords: Broad money, Capital spending, CR, Credit, Current spending, ECF arrangement, Government, Government decision, Investment spending, ISCR, Loans, Reform, SDR, Sound policy, Sub-Saharan Africa, West Africa

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/150
Stock No:

1BENEA2014001
ISBN:

9781498359443
ISSN:

1934-7685

Notes

Full text is also available in French

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