Benin: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

December 22, 2008

Preview Citation

Format: Chicago

Benin: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Also available in: français

Summary

Benin’s Fifth Review under the Poverty Reduction and Growth Facility and request for waiver of Nonobservance of Performance Criteria are discussed. The main challenge ahead is to limit inflation pressures from higher food and fuel prices while sustaining medium-term fiscal consolidation and accelerating structural reforms to increase the sustainable growth rate. The authorities have taken actions to address the food and fuel crisis and accelerate structural reforms. They have allowed the full pass-through of higher international food and fuel prices and tightened fiscal policy while putting in place measures to protect the poor.

Subject: Balance of payments statistics, Debt sustainability, Debt sustainability analysis, Economic and financial statistics, External debt, Fuel prices, Prices, Public debt

Keywords: Balance of payments statistics, Benin, Benin authorities, Benin's competitiveness, CR, Debt position, Debt sustainability, Expenditure needs, Financial crisis, Fuel prices, Global, ISCR, Reform, Reform agenda, Resident port management expert, West Africa

Publication Details

Pages:

76
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/374
Stock No:

1BENEA2008009
ISBN:

9781451803594
ISSN:

1934-7685

Notes

Full text also available in French.

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