Benin: Second Review under the Extended Fund Facility and the Extended Credit Facility Arrangements-Press Release; Staff Report; Debt Sustainability Analysis and Statement by the Executive Director for Benin

May 24, 2023

Preview Citation

Format: Chicago

Benin: Second Review under the Extended Fund Facility and the Extended Credit Facility Arrangements-Press Release; Staff Report; Debt Sustainability Analysis and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Frontloaded financing under the 42-month Extended Fund Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements—approved by the IMF Executive Board in July 2022—has supported the authorities’ balanced policy response to exogenous shocks, helping boost business confidence and support the economic recovery. Nevertheless, there are important socio-economic headwinds from geoeconomic fragmentation, food insecurity, and the regional security situation. The authorities’ continued commitment to reform will help keep the economy on a sustainable path.

Subject: Capital spending, Expenditure, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Action program II, Capital spending, ECF review, Global, Government entity, IMF C-PIMA assessment, IMF diagnostic, IMF governance diagnostic, IMF's transparency policy, Policy discussion, Sub-Saharan Africa, Warranted policy accommodation, 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. 2023/175
Stock No:

1BENEA2023001
ISBN:

9798400243486
ISSN:

1934-7685

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