This paper explains Fifth Review Under the Extended Credit Facility and Request for Extension of the Arrangement report for Benin. The IMF report shows that inflation has returned to normal levels since the petroleum price shock in early 2012 when neighboring Nigeria reduced fuel subsidies, and...

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...

Benin's macroeconomic performance appears robust 2½ years into the EFF and ECF arrangements. There are promising signs of economic transformation, with higher value-added exports and momentum in information and communications technology and tourism. The 2025 budget-the last year of fiscal...

Benin's strong reform drive and sound macroeconomic management over the past several years have provided policy space to bolster resilience to repeated shocks. The authorities started rebuilding policy buffers last year and recently regained access to the international capital market after a...

This paper discusses Benin's Third Review under the Extended Fund Facility (EFF) and the Extended Credit Facility (ECF) Arrangements and Request for an Arrangement under the Resilience and Sustainability Facility (RSF). Robust tax collection is supporting fiscal consolidation, complementing...

This paper on Benin highlights poverty reduction and growth strategy. The National Development Plan (PND) is designed to specify the strategic benchmarks for development activities for the eight-year period until 2025, the target date for the implementation and completion of the Vision. The...

This paper presents Benin's Second Review under the Extended Fund Facility and the Extended Credit Facility Arrangements. Program performance has been robust, with all end-September and end-December 2022 performance criteria, indicative targets met, and all structural benchmarks implemented....

On July 8, 2022, the IMF Executive Board approved 42-month Extended Fund Facility (EFF) and Extended Credit Facility (ECF) arrangements under High Combined Credit Exposure (HCCE) (391 percent of quota, about US$650 million) to help Benin meet pressing financing needs and support the country's...

This Selected Issues paper on Benin focuses on scaling up public expenditure for inclusive growth. Poverty and inequality remain relatively high in Benin despite robust economic growth over the past decade, partly reflecting the fact that public spending on education, health and social...