IMF Staff Country Reports

Benin: Request for a Three-year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Benin

April 26, 2017

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Benin: Request for a Three-year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: français

Summary

This paper discusses Benin’s Request for a Three-Year Arrangement under the Extended Credit Facility. The new program aims to create fiscal space by stepping up domestic revenue mobilization and enhancing the efficiency of government spending; gradually increasing absorptive capacity to scale up investment; strengthening public debt management; and promoting private sector investment through stronger institutions and a better business environment while keeping debt sustainable. It will also aim to ensure that scaled-up public investment is consistent with debt sustainability. This is particularly important for Benin: recent borrowing has significantly reduced available fiscal space, and potential risks have materialized as a result of growth shortfalls, fiscal slippages, and contingent liabilities from state-owned enterprises.

Subject: Capital spending, Expenditure, External debt, Public debt, Public investment and public-private partnerships (PPP), Revenue administration

Keywords: Authorities' intention, Authority, Benin's economy, Capital spending, Convergence criteria, CR, Debt, ECF arrangement, Financing, Global, ISCR, Protracted balance of payments, Public investment and public-private partnerships (PPP), Sustainability framework program scenario, West Africa

Publication Details

  • Pages:

    97

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2017/100

  • Stock No:

    1BENEA2017001

  • ISBN:

    9781475596182

  • ISSN:

    1934-7685

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