IMF Staff Country Reports

Benin: Third Review Under the Extended Credit Facility Arrangement

Publication Date:

May 2, 2012

Electronic Access:

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Summary:

This papers discusses Benin’s third review under the Extended Credit Facility Arrangement. The re-election of the President and the regained majority in Parliament have provided a window of opportunity for reforms. All performance criteria and most quantitative targets have been met, but progress in implementing structural reforms was mixed. The introduction of critical customs reforms met with strong initial resistance, leading to a sharp fall in customs revenue in the second half of 2011. The financial system remains sound, but supervision needs to be strengthened.

Series:

Country Report No. 2012/099

Subject:

Capital spending Commodities Current spending Expenditure Fuel prices Gasoline Inflation Prices

Notes:

Also available in French