Download or read book Benin Second Review Under the Three Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion Staff Report Press Release on the Executive Board Discussion and Statement by the Executive Director for Benin written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-06-21 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the Second Review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility (PRGF) highlights Benin's macroeconomic framework. All quantitative performance criteria (PC) and benchmarks for the period through end-December 2006 were observed, but one structural performance criterion and one structural benchmark were missed. Reform of the civil service pension fund is urgently needed. Benin's newly issued Growth and Poverty Reduction Strategy Paper (GPRSP) places renewed emphasis on private sector-led economic growth.
Download or read book Benin Third Review Under the Three year Arrangement Under the Poverty Reduction and Growth Facility Request for Waiver of Nonobservance of a Performance Criterion and Request for Extension of the Arrangement written by Robert J. Corker and published by . This book was released on 2008 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Benin written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-12-22 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benin’s Fifth Review under the Poverty Reduction and Growth Facility and request for waiver of Nonobservance of Performance Criteria are discussed. The main challenge ahead is to limit inflation pressures from higher food and fuel prices while sustaining medium-term fiscal consolidation and accelerating structural reforms to increase the sustainable growth rate. The authorities have taken actions to address the food and fuel crisis and accelerate structural reforms. They have allowed the full pass-through of higher international food and fuel prices and tightened fiscal policy while putting in place measures to protect the poor.
Download or read book Benin written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2008-01-16 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benin showed good macroeconomic performance under the Poverty Reduction and Growth Facility (PRGF) program. Executive Directors agreed that strong revenue performance helped to underpin improvement in public finances and economic growth while keeping inflation low. They stressed the need to adhere to prudent fiscal and monetary policies and also to build a sound banking system. They welcomed reforms to enhance the efficiency and competitiveness of the Port of Cotonou. They emphasized the need for the implementation of structural reforms, the improvement of the land tenure system, and the judiciary for growth and economic diversification.
Download or read book Benin Sixth Review Under the Three Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion and Augmentation of Access Staff Report Staff Supplement Staff Statement Press Release on the Executive Board Discussion and Statement by the Executive Director for Benin written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-08-14 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Sixth Review under Poverty Reduction and Growth Facility (PRGF) for Benin. The macroeconomic outlook is weaker for 2009-10, reflecting the impact of the crisis. Real GDP growth is expected to slow down to about 3-4 percent in 2009-10. The authorities' policy response of allowing automatic fiscal stabilizers to work is appropriate. The implementation of structural reforms needs to be accelerated to enhance the competitiveness of Benin's economy and increase its resilience to exogenous shocks.
Download or read book Benin written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Benin written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-03-02 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance under the Extended Credit Facility (ECF) program has been mixed. The revenue slippage was addressed partially with corrective actions. IMF staff supports the authorities' request for a waiver of a missed performance criterion and recommends the completion of the first review. The collapse of a number of unauthorized microfinance institutions has not had a measurable impact on the financial sector. Ex post assessment of performance under the 2005–09 poverty reduction and growth facility program highlighted progress in macroeconomic stabilization but weaknesses in growth performance.
Download or read book Benin written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-10 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reviews developments in Benin during 2003 in the context of the Sixth and Final Review Under the Poverty Reduction and Growth Facility (PRGF) arrangement. The report sets forth the policies and measures the government intends to implement during 2004 in the context of its poverty reduction strategy. It assesses the country’s economic and financial progress since 2000, when the current arrangement was approved by the IMF. The report highlights that Benin’s macroeconomic performance was broadly in line with the program objectives in 2003.
Download or read book Benin written by International Monetary Fund and published by International Monetary Fund. This book was released on 2011-09-22 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite severe economic, political, and natural setbacks in Benin in 2010, its economic growth has accelerated in 2011. The Executive Board of the International Monetary Fund (IMF) has appreciated Benin’s economic performance under the program supported by the Extended Credit Facility (ECF). Based on the satisfactory performance and strong policy commitments, the Executive Board has granted a waiver for Benin. Directors have emphasized that a prudent fiscal policy is essential to preserve macroeconomic stability.
Download or read book Benin written by and published by . This book was released on 2011 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Performance under the Extended Credit Facility (ECF) program has been mixed. The revenue slippage was addressed partially with corrective actions. IMF staff supports the authorities' request for a waiver of a missed performance criterion and recommends the completion of the first review. The collapse of a number of unauthorized microfinance institutions has not had a measurable impact on the financial sector. Ex post assessment of performance under the 2005?09 poverty reduction and growth facility program highlighted progress in macroeconomic stabilization but weaknesses in growth performance.
Download or read book Benin written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2018-12-13 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Benin Fifth Review Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria Staff Report and Press Release on the Executive Board Discussion written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2003-10-10 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following satisfactory economic and financial performance under the Poverty Reduction and Growth Facility-supported program, performance was mixed. Benin should pursue a prudent debt-management policy with the support of the newly created debt committee. Implementation of the structural reform agenda is of critical importance for achieving the objectives of the Poverty Reduction Strategy Paper. Strengthening of the financial sector and maintaining external debt on a sustainable path is needed in Benin. Risks to the medium-term program remain, but they are manageable.
Download or read book Benin Request for a Three Year Arrangement Under the Poverty Reduction and Growth Facility Staff Report Press Release on the Executive Board Discussion and Statement by the Executive Director for Benin written by International Monetary Fund and published by INTERNATIONAL MONETARY FUND. This book was released on 2005-08-12 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff report for the Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility highlights Benin's economic developments and progress in structural reforms. Benin experienced a decade of good economic performance, but poverty reduction remains a concern. Policy discussions focused on immediate measures to stabilize and restore the fiscal situation and to obtain structural reforms. The structural reform program aims to make progress in implementing the reform agenda of the cotton sector.
Download or read book Benin written by Fondo Monetario Internacional and published by . This book was released on 2004 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Benin written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2019-04-09 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
