Benin: 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria
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Summary:
This 2006 Article IV Consultation highlights that economic performance of Benin has been relatively subdued since 2003 after a decade of high growth. Slow economic growth has reflected limited progress in addressing core economic vulnerabilities and delays in implementing crucial growth-supporting structural reforms, against a backdrop of an appreciating real effective exchange rate and, more recently, a sizable deterioration in the terms of trade. Notwithstanding further delays in structural reforms, a turnaround in cotton production is helping to revive growth in 2006.
Series:
Country Report No. 2007/006
Subject:
Agricultural commodities Asset and liability management Balance of payments Commodities Current account balance Debt relief Macrostructural analysis Revenue administration Structural reforms
English
Publication Date:
January 4, 2007
ISBN/ISSN:
9781451803488/1934-7685
Stock No:
1BENEA2007001
Pages:
94
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