Benin : Third Review Under the Extended Credit Facility Arrangement.

This papers discusses Benin's third review under the Extended Credit Facility Arrangement. The re-election of the President and the regained majority in Parliament have provided a window of opportunity for reforms. All performance criteria and most quantitative targets have been met, but progre...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Staff Country Reports; Country Report ; No. 2012/099
Online Access:Full text available on IMF
Description
Summary:This papers discusses Benin's third review under the Extended Credit Facility Arrangement. The re-election of the President and the regained majority in Parliament have provided a window of opportunity for reforms. All performance criteria and most quantitative targets have been met, but progress in implementing structural reforms was mixed. The introduction of critical customs reforms met with strong initial resistance, leading to a sharp fall in customs revenue in the second half of 2011. The financial system remains sound, but supervision needs to be strengthened.
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Physical Description:1 online resource (79 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students