Benin

Abstract

Cover -- CONTENTS -- BACKGROUND -- RECENT DEVELOPMENTS -- OUTLOOK AND RISKS -- POLICY DISCUSSIONS -- A. Sustaining Revenue Mobilization Efforts and Improving the Efficiency of Public Spending -- B. Pursuing Fiscal Consolidation to Preserve Long-Term Public Debt Sustainability -- C. Inclusive Growth and Poverty Reduction -- D. Improving the Business Environment -- OTHER ISSUES -- PROGRAM CONDITIONALITY, FINANCING ASSURANCES AND SAFEGUARDS ASSESSMENT -- STAFF APPRAISAL -- BOXES -- 1. Sustaining Domestic Resource Mobilization -- 2. Making Public Investment More Efficient -- FIGURES -- 1. Recent Developments, 2010-17 -- 2. Fiscal Developments and Projections, 2010-19 -- 3. Real and External Sector Developments, 2011-18 -- TABLES -- 1. Selected Economic and Financial Indicators, 2015-22 -- 2. Consolidated Government Operations, 2015-22 -- 3. Consolidated Central Government Operations, 2017-18 -- 4. Consolidated Central Government Operations, 2015-22 -- 5. Balance of Payments, 2015-22 -- 6. Monetary Survey, 2015-19 -- 7. Schedule of Disbursements Under the ECF Arrangement -- 8. Indicators of Capacity to Repay the Fund, 2018-32 -- 9. Financial Soundness Indicators, 2011-17 -- ANNEXES -- I. Risk Assessment Matrix -- II. Increasing Fiscal Space to Preserve Debt Sustainability -- III. G20 Compact with Africa-Policy Matrix -- IV. External and Public Debt Sustainability -- V. Capacity Development Strategy for FY 2018 -- APPENDICES -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding