Benin Second Review under the Extended Credit Facility and Request for Modification of Performance Criteria – Press Release; and Staff Report

Economic growth remains strong, driven by cotton production, increased public investment, and a vibrant tertiary sector that benefited from the economic recovery in Nigeria since June 2017. The fiscal consolidation path envisages a lower than originally programmed fiscal deficit (including grants) i...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a National Government Expenditures and Related Policies: Infrastructures 
653 |a Inflation 
653 |a Revenue administration 
653 |a Public debt 
653 |a Capital investments 
653 |a Finance 
653 |a Short-term Capital Movements 
653 |a Public finance & taxation 
653 |a Debt Management 
653 |a Current Account Adjustment 
653 |a Debts, Public 
653 |a Debt 
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653 |a Expenditures, Public 
653 |a Current spending 
653 |a Macroeconomics 
653 |a Capital spending 
653 |a Public investment and public-private partnerships (PPP) 
653 |a Public Finance 
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520 |a Economic growth remains strong, driven by cotton production, increased public investment, and a vibrant tertiary sector that benefited from the economic recovery in Nigeria since June 2017. The fiscal consolidation path envisages a lower than originally programmed fiscal deficit (including grants) in 2018—thanks to stronger domestic revenue mobilization—and attainment of the WAEMU convergence criterion of 3 percent of GDP in 2019. Program implementation remains satisfactory with all end-December 2017 quantitative performance criteria (QPCs) met. The ongoing rebasing of the national accounts initiated in 2017 is expected to be completed later in 2018