Benin 2017 Article IV Consultation and First Review Under the Extended Credit Facility Arrangement and Request for Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Benin

Upon assuming office in April 2016, the new government moved swiftly to address the deteriorating fiscal situation compounded by spillovers from Nigeria and requested Fund support under the Extended Credit Facility (ECF). On April 7, 2017, the IMF Executive Board approved an ECF Arrangement for Beni...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Published: Washington, D.C. International Monetary Fund 2018
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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520 |a Upon assuming office in April 2016, the new government moved swiftly to address the deteriorating fiscal situation compounded by spillovers from Nigeria and requested Fund support under the Extended Credit Facility (ECF). On April 7, 2017, the IMF Executive Board approved an ECF Arrangement for Benin for an amount equivalent to SDR 111.42 million (about US$151.03 million or 90 percent of Benin's quota) to support the country's economic and financial reform program