Benin: Staff Report for the 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility, and Requests for an Extension of the Poverty Reduction and Growth Facility Arrangement and for an Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

This paper assesses Benin's 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for an Extension of the PRGF Arrangement and for an Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Macroeconomic performance remained broadly in line with the objectives of the PRGF-supported program in 2001. All performance criteria and structural benchmarks for end-December 2001 were met, except the benchmark on the adoption of an action plan for the privatization of the state-controlled bank.
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Volume/Issue: Volume 2002 Issue 158
Publication date: August 2002
ISBN: 9781451803358
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Business and Economics , Political Science , Banks and Banking , Labor , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , PRGF arrangement , PRGF loan , SDR , PRGF-supported program , growth , broad money , IMF's assessment , Agricultural commodities , Poverty reduction strategy , Poverty reduction , West Africa

Summary

This paper assesses Benin’s 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for an Extension of the PRGF Arrangement and for an Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Macroeconomic performance remained broadly in line with the objectives of the PRGF-supported program in 2001. All performance criteria and structural benchmarks for end-December 2001 were met, except the benchmark on the adoption of an action plan for the privatization of the state-controlled bank.