Benin: Enhanced Initiative for Heavily Indebted Poor Countries

Benin: Enhanced Initiative for Heavily Indebted Poor Countries—Completion Point Document

April 4, 2003

Preview Citation

Format: Chicago

Benin: Enhanced Initiative for Heavily Indebted Poor Countries—Completion Point Document, (USA: International Monetary Fund, 2003) accessed November 25, 2024

Summary

This paper reviews Benin’s progress and proposes IMF Executive Board approval of the Completion Point Under the Enhanced Heavily Indebted Poor Countries (HIPC) Framework. The IMF staff and IDA consider that Benin has met the conditions for reaching the completion point under the enhanced HIPC Initiative, as specified in the decision point document. Benin’s macroeconomic program is on track, as evidenced by satisfactory performance under the Poverty Reduction and Growth Facility (PRGF) arrangement, and the government has made considerable progress in implementing its structural adjustment program, albeit with delays.

Subject: Asset and liability management, Debt relief, Debt service, Education, Expenditure, Exports, External debt, International trade

Keywords: Beninese authorities, CR, Debt relief, Debt service, Exchange rate, Exports, GDP deflator, Ginning plant, ISCR, Long-term debt, Public expenditure, Reform program, U.S. dollar, West Africa

Publication Details

Pages:

47
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/089
Stock No:

1BENEA0022003
ISBN:

9781451803396
ISSN:

1934-7685

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