Benin: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin
2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin
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Volume/Issue:
Volume 2019
Issue 203
Publication date: July 2019
ISBN: 9781498323802
$18.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , Taxation - General , ISCR , CR , Eurobond issuance , deficit , debt ratio , financing mix , debt maturity , consolidation effort , reform commitment , Government debt management , Capital spending , Global , West Africa
Summary
The economy continues to grow at a fast pace, driven by port activity and cotton production. The execution of the 2019 budget is on track to bring the fiscal deficit within the WAEMU convergence criterion of 3 percent of GDP this year. Program implementation remains very satisfactory with all end-December 2018 quantitative performance criteria (QPCs) and structural benchmarks (SBs) met.
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