Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies. With the consent of the country (or countries) concerned, PINs are issued after Executive Board discussions of Article IV consultations with member countries, of its surveillance of developments at the regional level, of post-program monitoring, and of ex post assessments of member countries with longer-term program engagements. PINs are also issued after Executive Board discussions of general policy matters, unless otherwise decided by the Executive Board in a particular case.
On June 14, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Benin.1
Background
Following a period of strengthening growth in Benin, the global economic crisis halved real gross domestic product (GDP) growth in Benin in 2009. Weaker demand for exports, a decline in cotton prices and lower inflows of foreign direct investments reduced real GDP growth to 2.7 percent in 2009, compared with 5 percent in 2008. The deceleration was aggravated by the decline in
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