Benin Selected Issues and Statistical Appendix

This paper examines the external sustainability and competitiveness of Benin’s economy. Balance of payments flows suggest Benin’s external position is sustainable. Large trade and current account deficits are comfortably financed by inflows through the capital and financial accounts, in particular p...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Current account 
653 |a Short-term Capital Movements 
653 |a Currency; Foreign exchange 
653 |a Current Account Adjustment 
653 |a Balance of payments 
653 |a Real effective exchange rates 
653 |a Exports and Imports 
653 |a International economics 
653 |a Foreign Exchange 
653 |a Current account balance 
653 |a Real exchange rates 
653 |a Foreign exchange 
653 |a Current account deficits 
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520 |a This paper examines the external sustainability and competitiveness of Benin’s economy. Balance of payments flows suggest Benin’s external position is sustainable. Large trade and current account deficits are comfortably financed by inflows through the capital and financial accounts, in particular project grants and loans, private capital, and inflows to commercial banks. It is estimated that Benin could sustain a net foreign liability position in the range of 40–60 percent of GDP, corresponding to current account deficits of 3–5 percent of GDP.