Benin: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

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International Monetary Fund, Dec 22, 2008 - Business & Economics - 76 pages
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.
 

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Contents

Joint IMFWorld Bank Debt Sustainability Analysis 2008
Appendices
Contents
Fifth Review Under the ThreeYear Poverty Reduction and Growth Facility Arrangement
IMF Executive Board Completes Fifth Review Under PRGF Arrangement with Benin and Approves US13 Million Disbursement
Statement by Mr Laurean Rutayisire Executive Director for BeninDecember 12 2008
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