Benin: Third Review Under the Extended Credit Facility Arrangement

May 2, 2012

Preview Citation

Format: Chicago

Benin: Third Review Under the Extended Credit Facility Arrangement, (USA: International Monetary Fund, 2012) accessed November 21, 2024

Also available in: français

Summary

This papers discusses Benin’s third review under the Extended Credit Facility Arrangement. The re-election of the President and the regained majority in Parliament have provided a window of opportunity for reforms. All performance criteria and most quantitative targets have been met, but progress in implementing structural reforms was mixed. The introduction of critical customs reforms met with strong initial resistance, leading to a sharp fall in customs revenue in the second half of 2011. The financial system remains sound, but supervision needs to be strengthened.

Subject: Capital spending, Commodities, Current spending, Expenditure, Fuel prices, Gasoline, Inflation, Prices

Keywords: Basic salary, Broad money, Capital spending, CR, Current spending, Customs, Customs revenue, Europe, Fuel prices, Gasoline, Global, Inflation, ISCR, Long-awaited customs reform, Market, Price, Price of gasoline, West Africa

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/099
Stock No:

1BENEA2012001
ISBN:

9781475503258
ISSN:

1934-7685

Notes

Also available in French

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