Benin: 2012 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement—Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

January 11, 2013

Preview Citation

Format: Chicago

Benin: 2012 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement—Staff Report; Staff Supplements; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Also available in: français

Summary

Benin has made significant progress in consolidating macroeconomic stability under the IMF-supported program. Its prudent fiscal policy has kept fiscal deficits at manageable levels and is projected to yield a basic primary surplus in 2012. The Executive Board of the International Monetary Fund (IMF) suggested that the authorities hold current expenditures to provide space for infrastructure spending and meet medium-term fiscal objectives. Benin’s authorities are committed to maintain sound macroeconomic policies, pursue the implementation of critical structural reforms, and take further measure to achieve program objectives.

Subject: Banking, Commercial banks, External debt, Financial institutions, Financial services, Loans, Microfinance, Public debt

Keywords: Africa, Beninese authorities, Commercial banks, CR, Current account, Debt, Deficit, Disbursement of SDR, Executive board's discussion, Global, Headline inflation inflation rate, ISCR, Loans, Microfinance, Real GDP, Reforms to the cotton sector, Sub-Saharan Africa, West Africa

Publication Details

Pages:

146
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/009
Stock No:

1BENEA2013001
ISBN:

9781475592917
ISSN:

1934-7685

Notes

Also available in French

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