Benin: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria

January 4, 2007

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Format: Chicago

Benin: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria, (USA: International Monetary Fund, 2007) accessed November 21, 2024

Summary

This 2006 Article IV Consultation highlights that economic performance of Benin has been relatively subdued since 2003 after a decade of high growth. Slow economic growth has reflected limited progress in addressing core economic vulnerabilities and delays in implementing crucial growth-supporting structural reforms, against a backdrop of an appreciating real effective exchange rate and, more recently, a sizable deterioration in the terms of trade. Notwithstanding further delays in structural reforms, a turnaround in cotton production is helping to revive growth in 2006.

Subject: Agricultural commodities, Asset and liability management, Balance of payments, Commodities, Current account balance, Debt relief, Macrostructural analysis, Revenue administration, Structural reforms

Keywords: Agricultural commodities, Beninese authorities, CR, Current account balance, Debt relief, Government, Growth-enhancing strategy, IMF in the amount, IMF in the amount of SDR, ISCR, PRGF arrangement, Privatization agenda, SDR, Structural reforms, West Africa

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/006
Stock No:

1BENEA2007001
ISBN:

9781451803488
ISSN:

1934-7685

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