IMF Staff Country Reports

Benin: First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance of Performance Criterion, Request for Program Extension and Rephasing of Performance Criteria — Staff Report; Press Release; and Statement by the Executive Director for Benin

March 2, 2011

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Format: Chicago

Benin: First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Request for Waiver of Nonobservance of Performance Criterion, Request for Program Extension and Rephasing of Performance Criteria — Staff Report; Press Release; and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Also available in: français

Summary

Performance under the Extended Credit Facility (ECF) program has been mixed. The revenue slippage was addressed partially with corrective actions. IMF staff supports the authorities' request for a waiver of a missed performance criterion and recommends the completion of the first review. The collapse of a number of unauthorized microfinance institutions has not had a measurable impact on the financial sector. Ex post assessment of performance under the 2005–09 poverty reduction and growth facility program highlighted progress in macroeconomic stabilization but weaknesses in growth performance.

Subject: Capital spending, Current spending, Expenditure, Fiscal policy, Fiscal stance, Revenue administration

Keywords: Authority, Capital spending, Collection effort, CR, Current spending, Disbursement of SDR, Discussion of Benin, Fiscal stance, Global, ISCR, Program objective, Revenue, Revenue agency, Revenue shortfall, West Africa

Publication Details

  • Pages:

    65

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/060

  • Stock No:

    1BENEA2011002

  • ISBN:

    9781455220014

  • ISSN:

    1934-7685

Notes

Also available in French

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