Benin: 2017 Article IV Consultation and First Review Under the Extended Credit Facility Arrangement and Request for Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin

January 5, 2018

Preview Citation

Format: Chicago

Benin: 2017 Article IV Consultation and First Review Under the Extended Credit Facility Arrangement and Request for Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2018) accessed December 26, 2024

Also available in: français

Summary

This 2017 Article IV Consultation highlights that Benin has shown mixed macroeconomic performance in 2016, with the economy weathering negative spillover stemming from a difficult external environment. Growth was about 4 percent, but a recovery is expected in 2017–18, owing to strong agricultural production, an increase in public investment, and a buoyant tertiary sector. Economic growth is accelerating and inflation remained negative in 2016 and through end-August 2017 but is forecasted to average 0.6 percent in 2017. The medium-term outlook continues to show favorable signs, with high economic growth and low inflation. Cuts in recurrent spending have contributed to a smaller than programmed budget deficit of 6.0 percent of GDP in 2016 from 8.0 percent in 2015.

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

Keywords: Africa, Authority, Benin, Benin authorities, Beninese authorities, Capital spending, Convergence criterion, CR, Development goal, Executive board discussion, Fiscal consolidation effort, Global, ISCR, Long-term debt service profile, Private sector, Public investment and public-private partnerships (PPP), Public investment spending, West Africa

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/001
Stock No:

1BENEA2018001
ISBN:

9781484336533
ISSN:

1934-7685

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