Benin : Third Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Benin
Author/Editor:
International Monetary Fund. African Dept.
Publication Date:
December 13, 2018
Electronic Access:
Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
The growth momentum continues, driven by strong port activity, high cotton production, and the recovery of the Nigerian economy. The 2019 budget will bring the commitment-based fiscal deficit below the WAEMU convergence criterion of 3 percent of GDP next year. Program implementation remains satisfactory with all end-June 2018 quantitative performance criteria (QPCs) met; but the continuous QPC on non-accumulation of new domestic arrears was breached over March-June due to an institutional oversight.
Series:
Country Report No. 18/364
English
Publication Date:
December 13, 2018
ISBN/ISSN:
9781484389911/1934-7685
Stock No:
1BENEA2018004
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
92
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