Benin : Requests for Disbursement Under the Rapid Credit Facility and Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Benin.

The COVID-19 pandemic has severely affected Benin. The authorities' early and decisive action has helped stave off the spread of the virus, and a sizeable fiscal response has kept a recession at bay. Nevertheless, the economy has suffered a substantial downgrade in its economic outlook, with gr...

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Tác giả của công ty: International Monetary Fund. African Dept
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2021.
Loạt:IMF Staff Country Reports; Country Report ; No. 2021/014
Truy cập trực tuyến:Full text available on IMF
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520 3 |a The COVID-19 pandemic has severely affected Benin. The authorities' early and decisive action has helped stave off the spread of the virus, and a sizeable fiscal response has kept a recession at bay. Nevertheless, the economy has suffered a substantial downgrade in its economic outlook, with growth slowing down from 6.9 percent in 2019 to 2 percent in 2020, against an initial projection of 7 percent before the pandemic. Large financing needs, opened by the authorities' fiscal response to the crisis, have given rise to an urgent balance of payments need. 
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