Benin: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

October 10, 2003

Preview Citation

Format: Chicago

Benin: Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 21, 2024

Summary

Following satisfactory economic and financial performance under the Poverty Reduction and Growth Facility-supported program, performance was mixed. Benin should pursue a prudent debt-management policy with the support of the newly created debt committee. Implementation of the structural reform agenda is of critical importance for achieving the objectives of the Poverty Reduction Strategy Paper. Strengthening of the financial sector and maintaining external debt on a sustainable path is needed in Benin. Risks to the medium-term program remain, but they are manageable.

Subject: Banking, Civil service reform, Expenditure, External debt, Poverty, Poverty reduction strategy, Public debt, Public financial management (PFM)

Keywords: Civil service reform strategy, CR, Debt relief, Ginning enterprise, Government, Implementation, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, Saving-investment balance, Strategy, West Africa

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/322
Stock No:

1BENEA0052003
ISBN:

9781451803440
ISSN:

1934-7685

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