Benin: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Benin

December 13, 2018

Preview Citation

Format: Chicago

Benin: Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion-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

The growth momentum continues, driven by strong port activity, high cotton production, and the recovery of the Nigerian economy. The 2019 budget will bring the commitment-based fiscal deficit below the WAEMU convergence criterion of 3 percent of GDP next year. Program implementation remains satisfactory with all end-June 2018 quantitative performance criteria (QPCs) met; but the continuous QPC on non-accumulation of new domestic arrears was breached over March-June due to an institutional oversight.

Subject: Capital spending, Current spending, Expenditure, External debt, International organization, Monetary policy, Public debt, Revenue administration

Keywords: Africa, Authorities' intention, Benin's request, Capital spending, Current spending, Draft budget, Executive board discussion, WAEMU deficit criterion, West Africa

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/364
Stock No:

1BENEA2018004
ISBN:

9781484389911
ISSN:

1934-7685

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