Economic activity this year is now projected to contract by some 3.2 percent, reflecting a weaker external environment and measures to contain the COVID-19 outbreak. The Timorese authorities have revised the compilation methodology of GDP and, under the new classification, oil and gas revenue before September 2019, which was previously classified as export in national accounts, is now classified as primary income. Press Conference at the End of the Fourth Review and the 2019 Article IV Consultation Mission Sizeable natural resource endowments and potentially large financial inflows from their extraction provide an unparalleled opportunity for economic growth and development in a growing number of sub-Saharan African... Um grande desafio para as políticas macroeconómicas no contexto das economias ricas em recursos naturais é criar um clima de negócios que conduza à transformação da riqueza de recursos naturais em activos re... Com uma longa história de extracção de recursos naturais na AS e—até há pouco tempo—um desempenho económico relativamente fraco, é justo perguntar se a região tem estado sob uma “maldição dos recursos”. Economic activity is expected to decelerate sharply in 2020 due to the COVID-19 pandemic. This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Benin and the IMF. Since 2004, annual joint missions of the main donors have taken place.
The IMF Press Center is a password-protected site for working journalists. The European Union, African Development Bank, United Nations agencies, bilateral donors, the World Bank Group, and the IMF are Benin’s key partners. You can change your personal cookie settings through your internet browser settings. The authorities have prepared a response plan of 1.7 percent of GDP to contain health risks and support the economy. Program implementation continues to be strong, with all end-December 2019 quantitative performance criteria (QPCs) and the structural benchmarks (SB) under review being met. Credit Additional information can be found on Benin and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Benin. © 2020 International Monetary Fund. June 2020, Global Financial Stability Report Update: Financial Conditions Have Eased, but Insolvencies Loom Large. The information about original data source is available only to Professional users. The new program aims to create fiscal space by stepping up domestic revenue mobilization and enhancing the efficiency of government spending; gradually increasing absorptive capacity to scale up investment; strengthening public debt management; and promoting private sector investment through stronger institutions and a better business environment while keeping debt sustainable.
Economic activity is expected to decelerate sharply in 2020 due to the
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