Benin: Staff Report for the 2004 Article IV Consultation

November 24, 2004

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Benin: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This 2004 Article IV Consultation highlights that Benin’s economic performance over 2001–03 was strong. Real GDP growth averaged 5.3 percent, driven by growth in the cotton and services sectors. Inflation was low, averaging 2.6 percent per year. The external current deficit narrowed in 2003 as terms of trade improved. Progress in the structural area was mixed. However, macroeconomic performance since the beginning of 2004 has suffered from a poor cotton crop and the tightening of import restrictions by Nigeria.

Subject: Agricultural commodities, Commodities, Expenditure, Exports, External debt, International trade, Poverty, Poverty reduction strategy

Keywords: Agricultural commodities, CR, Credit growth, Exports, Ginning mill, Government, Government sector, Investment expenditure, ISCR, Net bank credit to the government, Poverty reduction strategy, Poverty-reducing expenditure, Poverty-reducing outlay, Reform agenda, Sub-Saharan Africa, West Africa

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/368
Stock No:

1BENEA0022004
ISBN:

9781451803402
ISSN:

1934-7685

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