Benin: Selected Issues and Statistical Appendix

August 18, 2008

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Benin: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2008) accessed November 21, 2024

Summary

This paper examines the external sustainability and competitiveness of Benin’s economy. Balance of payments flows suggest Benin’s external position is sustainable. Large trade and current account deficits are comfortably financed by inflows through the capital and financial accounts, in particular project grants and loans, private capital, and inflows to commercial banks. It is estimated that Benin could sustain a net foreign liability position in the range of 40–60 percent of GDP, corresponding to current account deficits of 3–5 percent of GDP.

Subject: Balance of payments, Current account, Current account balance, Current account deficits, Foreign exchange, Real effective exchange rates, Real exchange rates

Keywords: Benin, Central bank lending, Conditional purchasing power parity, CR, Current account, Current account balance, Current account deficits, Form estimation, GDP inflation, Global, Government of Benin, ISCR, Low income, Net foreign asset, NFA position, Nominal exchange rate, PMG approach, Rank Benin, Real effective exchange rates, Real exchange rates, Savings-investment norm, Statistical Appendix table, West Africa

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/287
Stock No:

1BENEA2008008
ISBN:

9781451803587
ISSN:

1934-7685

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