{"id":464105,"date":"2018-12-10T21:45:41","date_gmt":"2018-12-10T21:45:41","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=464105"},"modified":"2018-12-10T21:45:41","modified_gmt":"2018-12-10T21:45:41","slug":"imf-approves-immediate-disbursement-of-22-million-in-benin","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/12\/10\/imf-approves-immediate-disbursement-of-22-million-in-benin\/","title":{"rendered":"IMF approves immediate disbursement of $ 22 million in Benin"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>On Thursday, December 6, the Board of Directors of the International Monetary Fund (IMF) authorized an immediate disbursement of $ 22 million in Benin, after the third review of the agreement under the Extended Credit Facility (ECF). . The decision follows a preliminary agreement reached between the two parties in early November 2018.<\/p>\n<p>According to a statement released on Friday, this amount brings to about $ 88.1 million, the total disbursements under the three-year agreement (totaling $ 154.2 million) approved in April 2017 and which aims to support the country&#8217;s economic and financial reform program, raise living standards and preserve macroeconomic stability.<\/p>\n<p>&#8220;In completing this review, the Council also approved Benin&#8217;s request to establish program conditionality for 2019 and waived the non-compliance with the continuous performance criterion of no accumulation of new domestic arrears&#8221; , says the IMF.<\/p>\n<p>But the institution concludes on a positive note the performance of the country under this program: a significantly improved fiscal position, growth that continues with a favorable economic outlook in the medium term, maintaining the budget deficit below 3% of GDP in 2019, a draft budget for 2019 that respects the WAEMU deficit criterion, and which &#8220;provides for an ambitious effort to mobilize tax revenues&#8221;.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>On Thursday, December 6, the Board of Directors of the International Monetary Fund (IMF) authorized an immediate disbursement of $ 22 million in Benin, after the third review of the agreement under the Extended Credit Facility (ECF). . The decision follows a preliminary agreement reached between the two parties in early November 2018. According to<\/p>\n","protected":false},"author":530746,"featured_media":464109,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12040],"tags":[595,12100],"class_list":{"0":"post-464105","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-international-institutions","8":"tag-benin","9":"tag-imf-en","10":"post_format-post-format-aside","11":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IMF approves immediate disbursement of $ 22 million in Benin - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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