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Benin

Author(s):
International Monetary Fund
Published Date:
July 1995
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BENIN - Basic Data

Area, Population, and GDP per capita
Area112,600 sq.km
Population (mid-year 1994)5.4 million
Population growth rate3.1 percent
GDP per capita (1994)US$287
19901991199219931994
(In billions of CFA francs)
Gross domestic product
At current prices502.3535.7570.8601.7844.5
At 1992 prices524.0548.5570.8589.2609.4
(In percent of GDP, at current prices)
Agriculture36.137.036.835.833.4
Industry, housing, and public works13.212.512.712.913.6
Commerce, transport, and services46.545.745.846.448.0
(Annual changes in percent)
Real GDP3.14.74.13.23.4
Nominal GDP4.86.76.65.440.3
Prices
GDP deflator1.61.92.42.135.7
Consumer price Index1.12.15.90.538.6
(In billions of CFA francs)
Central government finance
Revenue49.961.569.877.7105.6
Total expenditure and net lending100.1100.3115.2106.1162.7
Of which: Current expenditure(71.6)(72.7)(83.4)(80.6)(112.8)
Capital expenditure(28.5)(27.6)(31.8)(25.5)(49.9)
Overall surplus/deficit (+/-) (commitment basis)-50.1-38.8-45.4-28.4-57.1
Overall surplus/deficit (+/-) (cash basis)-52.3-42.6-51.8-36.6-67.7
Financing52.342.651.836.667.7
External48.950.545.142.482.1
Domestic3.4-7.96.7-5.8-14.4
Money and credit1/
Net foreign assets 2/16.648.572.881.2156.6
Net domestic assets73.472.376.380.4106.8
Net claims on the Government77.770.366.464.167.8
Money and Quasi-money88.6116.2146.0154.6254.2
Balance of payments
Exports, f.o.b.78.295.098.396.6167.1
Of which: Domestic exports32.137.134.931.692.7
Imports, f.o.b.-116.5-136.1-148.4-152.6-203.2
Trade balance-38.3-41.1-50.1-56.1-36.1
Services, net-16.2-13.2-20.5-15.5-26.4
Private transfers23.523.725.226.736.0
Current account before grants-31.0-30.6-45.4-44.9-26.5
Official transfers36.128.735.040.946.7
Medium- and long- term official capital17.520.9-11.912.916.0
Disbursements28.630.419.526.838.1
Amortization due-11.1-9.5-31.4-13.9-22.1
Long term private capital0.51.07.0-2.04.2
Short-term capital and errors and omissions-6.80.11.1-6.314.7
Overall surplus/deficit (+/-)16.420.1-14.20.655.0
Change in external arrears (+ incr)7.6-14.31.6-3.3
Gross official reserves
Gross reserves21.249.767.571.9136.0
In months of imports1.93.74.64.86.8
External public debt
Disbursed and outstanding (medium and long term)325.0339.4388.9423.0732.6
Debt service ratio (percent of exports of goods
and nonfactor services)-6.2-5.7-8.0-7.5-3.1
Arrears (end of period)14.4
(CFA francs per U.S. dollar)
Exchange rates
Period average272.3282.1264.7283.2555.2
End of period256.5259.0275.3294.8555.2

Starting in 1990, the monetary statistics exclude the accounts of the liquidated banks, which account for the observed substantial shift in the level of domestic assets and broad money. The liabilities of the liquidated banks to the BCEAO were assumed by the Government which explains the observed jump in net credit to the Government in 1990.

Starting in 1990, the monetary statistics exclude the accounts of the liquidated banks, which account for the observed substantial shift in the level of domestic assets and broad money. The liabilities of the liquidated banks to the BCEAO were assumed by the Government which explains the observed jump in net credit to the Government in 1990.

Table I.Benin: Gross Domestic Product (GDP) by Sector of Origin at Current Prices, 1990-94
19901991199219931994

Est.
(In billions of CFA francs)
Primary sector181.2198.4209.8215.3281.8
Agriculture131.7148.3158.6162.0206.3
Livestock, forestry, and fishing49.550.251.253.375.5
Secondary sector66.567.172.677.4115.1
Manufacturing and handicrafts39.440.144.947.164.6
Construction and public works16.617.619.321.337.6
Mining and petroleum4.94.43.43.76.8
Water, gas, and electricity5.65.05.05.36.2
Tertiary sector233.8244.6261.2279.4405.3
Commerce83.789.195.8103.6169.0
Transport and other services38.241.244.747.870.3
Public administration52.350.552.855.172.4
Other services59.663.868.072.993.6
GDP at factor cost481.5510.2543.7572.1802.2
Indirect taxes (net)20.825.627.229.742.3
GDP at market prices502.3535.7570.8601.7844.5
(In percent of GDP)
Primary sector36.137.036.835.833.4
Agriculture26.227.727.826.924.4
Livestock, forestry, and fishing9.99.49.08.98.9
Secondary sector13.212.512.712.913.6
Manufacturing and handicrafts7.87.57.97.87.6
Construction and public works3.33.33.43.54.5
Mining and petroleum1.00.80.60.60.8
Water, gas, and electricity1.10.90.90.90.7
Tertiary sector46.545.745.846.448.0
Commerce16.716.616.817.220.0
Transport and other services7.67.77.88.08.3
Public administration10.49.49.29.28.6
Other services11.911.911.912.111.1
GDP at factor cost95.995.295.295.195.0
Indirect taxes (net)4.14.84.84.95.0
GDP at market prices100.0100.0100.0100.0100.0
Sources: Institut National de la Statistique et de l’Analyse Économique (INSAE); the World Bank; and staff estimates.
Sources: Institut National de la Statistique et de l’Analyse Économique (INSAE); the World Bank; and staff estimates.
Table II.Benin: Gross Domestic Product (GDP) by Sector of Origin at Constant 1992 Prices, 1990-94
19901991199219931994

Est.
(In billions of CFA francs)
Primary sector186.9202.8210.7214.6228.6
Agriculture137.2152.6158.8161.7172.2
Livestock, forestry, and fishing49.750.251.952.956.4
Secondary sector67.269.172.976.278.6
Manufacturing and handicrafts41.142.044.946.047.7
Construction and public works17.618.119.220.521.4
Mining and petroleum4.04.13.53.93.5
Water, gas, and electricity4.64.95.35.76.0
Tertiary sector250.7254.2262.2271.6282.8
Commerce90.092.096.6101.5103.5
Transport and other services39.841.643.645.848.1
Public administration58.355.254.153.257.8
Other services62.765.467.871.273.5
GDP at factor cost504.9526.1545.7562.3590.1
Duties and taxes on imports22.125.228.029.722.3
GDP at market prices527.0551.3573.7592.0612.3
(Annual changes in percent)
Primary sector0.28.53.91.86.5
Agriculture0.111.24.11.86.5
Livestock, forestry, and fishing0.51.03.32.06.7
Secondary sector9.02.85.44.53.2
Manufacturing and handicrafts8.22.46.82.43.7
Construction and public works14.73.16.07.04.0
Mining and petroleum1.82.3-15.412.1-9.5
Water, gas, and electricity3.16.09.08.05.0
Tertiary sector2.31.43.13.64.1
Commerce4.82.35.05.02.0
Transport and other services3.54.55.05.05.0
Public administration-1.5-5.3-2.0-1.78.7
Other services1.94.33.74.93.2
GDP at factor cost2.44.23.73.04.9
Duties and taxes on imports22.814.011.16.0-25.0
GDP at market prices3.14.64.13.23.4
Sources: Institut National de la Statistique et de l’Analyse Économique (INSAE); the World Bank; and staff estimates.
Sources: Institut National de la Statistique et de l’Analyse Économique (INSAE); the World Bank; and staff estimates.
Table III.Benin: Supply and Use of Resources at Current Prices, 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Supply of resources655.6710.9761.2797.51109.4
Gross domestic product502.3535.7570.8601.7844.5
Imports of goods and nonfactor services153.3175.2190.4195.8264.8
Goods116.5136.1148.4152.6203.2
Benin’s needs81.091.6101.5104.5150.1
Re-exports35.544.546.948.153.1
Nonfactor services36.839.142.043.161.7
Use of resources655.6710.9761.2797.51109.4
Gross domestic expenditure546.2581.4625.2662.1884.6
Consumption474.7503.6545.9572.4764.0
Public66.264.368.071.291.1
Private408.6439.3477.9501.2672.9
Gross investment71.577.879.389.7120.5
Fixed and portfolio investment67.572.876.387.4118.5
Central government27.029.225.026.556.6
Public enterprises and local authorities10.411.113.314.023.5
Private sector30.132.538.046.938.4
Change in stocks4.05.03.02.32.0
Exports of goods and nonfactor services109.4129.5136.1135.5224.8
Goods78.295.098.396.6167.1
Domestic exports32.137.134.931.692.7
Re-exports46.257.963.364.974.4
Nonfactor services31.234.637.838.957.7
Domestic savings27.632.125.029.380.5
Resource gap43.945.654.360.340.0
Private transfers23.523.725.226.736.0
Public transfers (current)8.75.15.46.810.3
Factor income paid abroad (net)-10.6-8.7-16.3-11.3-22.5
Gross national savings49.252.339.251.5104.3
Current account deficit-31.0-30.6-45.4-44.9-26.5
Sources: Beninese authorities (MPS and INSAE); World Bank; and staff estimates.
Sources: Beninese authorities (MPS and INSAE); World Bank; and staff estimates.
Table IV.Benin: Supply and Use of Resources at Current Prices, 1990-94(In percent of GDP)
19901991199219931994

Est.
Supply of resources130.5132.7133.4132.5131.4
Gross domestic product100.0100.0100.0100.0100.0
Imports of goods and nonfactor services30.532.733.432.531.4
Goods23.225.426.025.424.1
Benin’s needs16.117.117.817.417.8
Re-exports7.18.38.28.06.3
Nonfactor services7.37.37.47.27.3
Use of resources130.5132.7133.4132.5131.4
Gross domestic expenditure108.7108.5109.5110.0104.7
Consumption94.594.095.695.190.5
Public13.212.011.911.810.8
Private81.382.083.783.379.7
Gross investment14.214.513.914.914.3
Fixed and portfolio investment13.413.613.414.514.6
Central government5.45.54.44.46.
Public enterprises and local authorities2.12.12.32.32.3
Private sector6.06.16.77.84.5
Change in stocks0.80.90.50.40.2
Exports of goods and nonfactor services21.824.223.822.526.6
Goods15.617.717.216.019.8
Domestic exports6.46.96.15.311.0
Re–exports9.210.811.110.88.8
Nonfactor services6.26.56.66.56.8
Domestic savings5.56.04.44.99.5
Resource gap8.78.59.510.04.7
Private transfers4.74.44.44.44.3
Public transfers (current)1.70.90.91.11.2
Factor income paid abroad (net)-2.1-1.6-2.9-1.9-2.7
Gross national savings9.89.86.98.612.3
Current account deficit-6.2-5.7-8.0-7.5-3.1
Sources: Beninese authorities (MPS and INSAE); World Bank; and staff estimates.
Sources: Beninese authorities (MPS and INSAE); World Bank; and staff estimates.
Table V.Benin: Producer Prices of Main Cash Crops, 1989/90-1993/94(In CFA francs per kilogram)
1989/901990/911991/921992/931993/94

Est.
Palm fruit3030353530
Seed cotton
High quality100100100100110
Average quality7580808085
Groundnuts
(unshelled) 1/5065658585
Sheanuts2040404030
Cashew nuts90100115115115
Coffee
High quality160160140115115
Average quality100100906060
Tobacco
First quality135135135135135
Second quality115115115115115
Third quality7070707070
Sources: Ministry of Rural Development, Department of Planning and Research; and Société Nationale pour la Promotion Agricole (SONAPRA).

Sold at the Bohicon markets.

Sources: Ministry of Rural Development, Department of Planning and Research; and Société Nationale pour la Promotion Agricole (SONAPRA).

Sold at the Bohicon markets.

Table VI.Benin: Production and Cultivated Area of Principal Food Crops, 1989/90-1993/94
1989/901990/911991/921992/931993/94

Est.
(In thousands of metric tons)
Production
Maize424410431460483
Sorghum10699115110106
Millet2322272624
Rice (paddy)911101112
Total cereals562542583607625
Cassava9849371,0461,0411,147
Yams1,0151,0461,1781,1251,185
Beans4948556258
(In thousands of hectares)
Cultivated area
Maize480460460470494
Sorghum138136147143138
Millet3537444036
Rice (paddy)78888
Total cereals660641659661676
Cassava121118126124131
Yams8994103106105
Beans9291979991
Source: Ministry of Rural Development, Department of Planning and Research.
Source: Ministry of Rural Development, Department of Planning and Research.
Table VII.Benin: Marketed Production of Main Cash Crops, 1989/90-1993/94(In thousands of tons)
1989/901990/911991/921992/931993/94

Est.
Palm fruit55.0
Palm kernels9.0
Seed cotton104.7146.1177.1162.0277.3
Groundnuts
(unshelled)69.263.974.1
Sheanuts1.55.85.0
Coffee0.30.2
Tobacco0.30.30.3
Source: Ministry of Rural Development, Department of Planning and Research.
Source: Ministry of Rural Development, Department of Planning and Research.
Table VIII.Benin: Production and Exports of Palm Products, 1990-94 1/(In thousands of metric tons)
19901991199219931994

Est.
Palm oil mills
Palm fruit processed65.957.449.355.954.5
Palm oil produced12.210.78.910.39.4
Palm kernel produced2.71.91.61.92.1
Palm kernel oil mills
Palm kernels processed5.12.42.41.82.2
Palm kernel oil produced2.70.91.00.50.8
Palm kernel cake produced2.41.11.20.91.1
Export volumes
Palm oil10.84.37.33.88.2
Palm kernel oil5.02.13.40.2
Palm kernel cake3.40.51.21.11.5
Source: Société Nationale pour l’Industrie des Corps Gras (SONICOG).

Operations of SONICOG.

Source: Société Nationale pour l’Industrie des Corps Gras (SONICOG).

Operations of SONICOG.

Table IX.Benin: Energy Supply and Consumption, 1990-94
19901991199219931994

Est.
(In millions of barrels)
Production of crude oil1.31.40.91.10.9
(In metric tons)
Official imports and sales
Sales of petroleum products 1/
Jet fuel16,14915,08816,15717,99718,203
Gasoline: regular11,6786,60211,29217,86126,987
premium5,7444,0466,86411,82139,409
Diesel fuel31,71130,97734,48941,17063,792
Fuel oil and light distillates 2/6,0177,41110,58265,727
Kerosene9,7678,3625,20428,525
Other1,7525,5793,1284,1454,610
Total76,80176,67184,545132,101218,729
Of which:
local network sales(31,385)(23,455)(29,161)(39,817)(139,933)
direct sales to enterprises(45,416)(51,234)(48,872)(76,479)(70,080)
exports(…)(1,982)(6,512)(15,805)(8,715)
Imports of petroleum products76,80174,14680,923119,926291,716
Estimated unrecorded imports
petroleum products 3/109,797133,159135,77799,23719,549
Estimated consumption of
petroleum products 3/186,598209,830220,322231,338238,278
(In thousands of kilowatt-hours)
Electricity
Production available203,044221,698239,119259,000266,300
Of which:
imported from Ghana(181,550)(198,730)(214,310)(233,000)(238,000)
Consumption173,210188,512210,641257,644232,100
Sources: Société Nationale de Commercialisation des Produits Pétroliers (SONACOP); Société Béninoise d’Electricite et d’Eau (SBEE); and Projet Pétrolier de Sèmè.

Through official SONACOP distribution channels.

Included in diesel fuel for 1989 and 1990.

Staff estimates.

Sources: Société Nationale de Commercialisation des Produits Pétroliers (SONACOP); Société Béninoise d’Electricite et d’Eau (SBEE); and Projet Pétrolier de Sèmè.

Through official SONACOP distribution channels.

Included in diesel fuel for 1989 and 1990.

Staff estimates.

Table X.Benin: Retail Price of Major Petroleum Products, 1990-94(In CFA francs per liter)
19901991199219931994
Premium gasoline175175175175175
Regular gasoline170170170170170
Kerosene100100100100100
Diesel135135135135135
Source: Société Nationale de Commercialisation des Produits Pétroliers (SONACOP).
Source: Société Nationale de Commercialisation des Produits Pétroliers (SONACOP).
Table XI.Benin: Transportation Activity, 1990-94
19901991199219931994

Est.
(In thousands of metric tons)
Port traffic
Loadings124.0149.0246.3234.3374.9
Of which:
palm products(7.0)(—)(10.1)(2.6)(12.5)
cotton products(83.0)(90.0)(177.4)(147.6)(188.7)
transit(8.0)(6.0)(5.2)(2.3)(2.2)
Unloadings995.01,337.01,488.61,656.61611.1
Of which:
hydrocarbons(128.0)(123.0)(145.6)(194.0)(349.3)
transit(207.2)(372.6)(378.6)(433.8)(394.4)
Total1,119.01,486.01,734.91,890.91,986.0
Transit215.2378.6383.8436.2396.6
Of which:
Niger(187.0)(278.0)(251.1)(251.7)(277.2)
Nigeria(9.0)(35.0)(54.8)(70.4)(61.9)
Burkina Faso(17.0)(51.0)(44.2)(47.2)(33.7)
Togo(2.0)(12.0)(21.8)(32.9)(11.2)
Mali(0.1)(4.0)(5.0)(20.5)(0.4)
Others(0.1)(0.6)(6.9)(13.6)(12.2)
(In units indicated)
Rail traffic
Passengers (in millions/kilometer)97.063.062.075.8107.0
Freight (in millions of tons/kilometer)148.0163.0238.0225.3253.0
Upfreight (in thousands of metric tons)267.0284.0246.6244.9268.0
General merchandise 1/
To Benin60.054.036.136.820.5
To Niger144.0190.0154.7138.1155.0
Hydrocarbons
To Benin27.020.021.124.6
To Niger36.020.034.745.4
Downfreight (in thousands of metric tons)78.097.096.291.0119.0
From Benin73.092.093.286.7111.0
From Niger5.05.03.04.38.0
Air traffic (Cotonou)
Passengers (in thousands) 2/112.4
Freight (in tons)2,636.0
Mail (in metric tons)248.0
Sources: Ministère des Transports, Direction du Port Autonome de Cotonou; Organisation Commune Benin-Niger de Chemins de Fer et des Transports (OCBN).

In general, includes merchandise transported to Parakou by rail, and subsequently to Niger by trucks.

Excluding transit passengers.

Sources: Ministère des Transports, Direction du Port Autonome de Cotonou; Organisation Commune Benin-Niger de Chemins de Fer et des Transports (OCBN).

In general, includes merchandise transported to Parakou by rail, and subsequently to Niger by trucks.

Excluding transit passengers.

Table XII.Benin: Movements of Selected Retail Prices, 1990-94 1/
Lump

sugar
Imported

rice
Bread 2/MaizeCassava

flour
BeansGroundnut

oil
Palm

oil
(In CFA francs/kilogram)(In CFA francs/liter)
Dec. 1987355170210147203349465715
Dec. 1988300295210191228443450781
Dec. 1989350340210200190340450675
Dec. 199033724921074169286775530
Dec. 199130030021010099269400475
Dec. 199225128821050102219375276
Dec. 199324029421050102158382338
Dec. 1994 3/418508350101325800500
(Monthly average)
1987319157211109153256588558
1988310267210218208333441597
1989325308210198194380450702
1990343313201138187320527679
1991302301210125144270421507
1992251302210126118235386398
199324928721098105210386336
1994 3/44250832090313604329
(Annual changes in percent)
19870.3-9.8-1.82.835.420.2-16.6-12.7
1988-2.870.1-5.0100.035.930.1-25.07.0
19894.815.4-9.2-6.714.12.017.6
19905.41.7-4.4-30.1-3.7-15.817.1-3.2
1991-12.03.5-4.5-9.4-23.0-15.6-20.1-25.3
1992-20.30.30.8-18.1-13.0-8.3-21.5
1993-1.9-5.0-22.2-11.0-8.1-15.6
1994 3/11.577.055.2-8.249.056.5-2.1
Source : BCEAO, Statistiques économiques et monétaires, and Institut National de la Statistique et l’Administration Economique (INSAE)

Actual market prices.

Industrially processed.

Estimated.

Source : BCEAO, Statistiques économiques et monétaires, and Institut National de la Statistique et l’Administration Economique (INSAE)

Actual market prices.

Industrially processed.

Estimated.

Table XIII.Benin: Consumer Price Index in Cotonou, 1991 -94 1/(Index, December 1991 = 100)
1991199219931994
January96.96101.30103.80125.20
February96.96102.40102.90133.10
March97.39102.80101.70139.00
April97.39105.40103.50145.40
May97.65108.20104.70144.00
June97.92105.30109.40142.20
July98.08102.20107.30144.30
August98.24103.50104.80142.90
September98.40105.60101.80149.80
October98.93106.50102.60152.41
November100.53102.60105.80156.19
December100.00102.50105.50162.43
Average98.20104.03104.48144.74
Changes in percent5.90.438.5
Source: Institut National de la Statistique et l’Administration Economique (INSAE).

Data up to November 1991 are based on the old index of comsumption of European households. From December 1991, the index is based on a new methodology and a new broad—based consumer survey covering five major cities.

Source: Institut National de la Statistique et l’Administration Economique (INSAE).

Data up to November 1991 are based on the old index of comsumption of European households. From December 1991, the index is based on a new methodology and a new broad—based consumer survey covering five major cities.

Table XIV.Benin: Industrial Minimum Legal Wage, 1985-94(In CFA francs per hour)
January 198581.21
January 198681.21
January 198781.21
January 198881.21
January 198981.21
January 199081.21
January 199181.21
January 199281.21
January 199381.21
May 1994117.21
Source: BCEAO, Ministère du Travail et des Affaires Sociales.
Source: BCEAO, Ministère du Travail et des Affaires Sociales.
Table XV.Benin: Central Government Investment Expenditure, 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Rural development12.69.28.49.316.1
Industry0.30.10.10.21.3
Infrastructure7.34.74.65.424.6
Transport
Tourism and commerce0.10.50.20.90.9
Health2.14.24.13.37.4
Education0.60.50.32.62.4
Other4.09.15.15.47.2
Total26.928.422.927.059.9
Sources: Ministry of Planning and Statistics, Direction de la Planification et de la Coopération Technique; and staff estimates.
Sources: Ministry of Planning and Statistics, Direction de la Planification et de la Coopération Technique; and staff estimates.
Table XVI.Benin: Public Enterprises and Local Government Investment Expenditure, 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Rural development0.83.21.60.91.2
Industry0.10.21.30.2
Infrastructure2.13.41.31.5
Transport
Tourism and commerce2.03.46.610.19.6
Health0.10.00.40.8
Education0.21.8
Other5.90.84.81.913.5
Total10.911.014.717.925.3
Sources: Ministry of Planning and Statistics, Direction de la Planification et de la Coopération Technique; and staff estimates.
Sources: Ministry of Planning and Statistics, Direction de la Planification et de la Coopération Technique; and staff estimates.
Table XVII.Benin: Central Government Investment by Source of Financing, 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Domestic financing1.21.60.92.20.4
National budget1.20.70.52.10.4
CAA/FNI 1/0.4
Other 2/0.90.10.0
External financing27.427.021.527.935.4
Grants13.89.29.615.812.5
Loans13.617.811.912.123.0
Total28.628.622.430.135.8
Sources: Ministry of Planning and Statistics, and staff estimates.

CAA, Autonomous Amortization Fund ; FNI, National Investment Fund.

Including portfolio investment and the use of earmarked tax proceeds.

Sources: Ministry of Planning and Statistics, and staff estimates.

CAA, Autonomous Amortization Fund ; FNI, National Investment Fund.

Including portfolio investment and the use of earmarked tax proceeds.

Table XVIII.Benin: Local Government Investment by Source of Financing, 1990-94(In billions of CFA francs)
1990199119921993

Est.
1994

Est.
Domestic financing0.080.060.130.340.07
Local government budget0.080.060.130.310.03
Self-financing and other0.030.04
External financing0.020.430.750.60
Grants0.020.430.750.6
Loans
Total0.080.080.561.090.67
Sources: Ministry of Planning and Statistics; and staff estimates.
Sources: Ministry of Planning and Statistics; and staff estimates.
Table XIX.Benin: Public Enterprise Investment by Source of Financing, 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Domestic financing1.201.300.980.960.41
National budget
CAA/FNI 1/
Self financing1.200.900.780.960.41
Banks0.400.20
External financing7.359.5711.7913.5217.20
Grants0.843.876.265.306.62
Loans6.515.705.538.2210.58
Total8.5510.8712.7714.4817.61
Plan target15.00
Implementation rate (in percent)57
Source: Ministry of Planning and Statistics, and staff estimates

CAA, Autonomous Amortization Fund; FNI, National Investment Fund.

Source: Ministry of Planning and Statistics, and staff estimates

CAA, Autonomous Amortization Fund; FNI, National Investment Fund.

Table XX.Benin: Central Government Revenue, 1990-94
19901991199219931994

Est.
(In billions of CFA francs)
Taxes on income and profits11,46512,05215,04118,07830,476
Individual4,6984,9475,5046,3067,081
Corporate3,2454,3487,4508,47220,675
Arrears of taxes on income and profits3,3112,4891,3292,1711,416
Other taxes on income and profits2112687581,1301,304
Taxes on payroll and work force9171,1131,3501,3271,736
Taxes on property5331,2311,5578881,171
Domestic taxes on goods and services5,3097,11210,83512,81415,565
Turnover taxes2,0773,9836,6017,76111,385
Excises1,9871,8803,1003,3951,971
Taxes on specific services279236325473915
Motor vehicle taxes314523509583715
Arrears of taxes on goods and services652490300602580
Taxes on international trade and transactions21,41325,74028,48432,72142,120
Import duties20,87425,14427,92129,97538,543
Export duties539596563563350
Other2,1843,228
Total tax revenue39,63747,24857,26765,82891,068
Nontax revenue10,29814,31412,40811,82614,549
From nonfinancial public enterprises1,9831,4721,6322,3243,148
Contribution to government employees
pension fund4,2005,8504,7705,0035,502
Repayment on on—lending1,6192,4263,3382,5324,185
Other nontax revenue2,4964,5662,6681,9671,714
Total revenue49,93561,56269,67577,654105,617
(In percent of GDP)
Taxes on income and profits2.32.22.63.03.6
Taxes on property0.10.20.30.10.1
Payroll taxes0.20.20.20.20.2
Domestic taxes on goods and services1.11.31.92.11.8
Taxes on international trade4.34.85.05.45.0
Total Tax revenue7.98.810.010.910.8
Nontax revenue2.12.12.22.01.7
Total Revenue9.911.512.212.912.5
(In percent of Total Revenue)
Taxes on income and profits23.019.621.623.328.9
Taxes on property1.12.02.21.11.1
Payroll taxes1.81.81.91.71.6
Domestic taxes on goods and services10.611.615.616.514.7
Taxes on international trade42.941.840.942.139.9
Total Tax revenue79.476.782.284.886.2
Nontax revenue20.623.317.815.213.8
Total revenue100.0100.0100.0100.0100.0
Source: Ministry of Finance, Cotonou.
Source: Ministry of Finance, Cotonou.
Table XXI.Benin: Nonwage Current Expenditure, 1990-94(In millions of CFA francs)
19901991199219931994

Est.
Material expenditures (budget)6,3377,58613,54211,63521,053
Of which: education(…)(3,100)(…)(…)2,156
Operating expenditure of the
Autonomous Amortization Fund469330344366479
Road Fund9849931,0301,0351566
Deficit of Cotton Support Fund
Counterpart of earmarked taxes 1/12566103137153
Equipment budget 2/800679588672998
Miscellaneous 3/3,2092,9048355141875
Total11,92411,81916,44215,15926,124
Sources: Ministry of Finance; and staff estimates.

Expenditures financed by eight earmarked taxes that were incorporated into the budget as of 1989.

A special budget to finance material and supplies of the Central Government.

For 1990, includes counterpart of STABEX funds.

Sources: Ministry of Finance; and staff estimates.

Expenditures financed by eight earmarked taxes that were incorporated into the budget as of 1989.

A special budget to finance material and supplies of the Central Government.

For 1990, includes counterpart of STABEX funds.

Table XXII.Benin: Operations of the Social Security Fund, 1990-94(In millions of CFA francs)
19901991199219931994
Contributions
Family allowances1,7821,9962,0252,2192,220
Workmen’s compensation417467474519519
Retirement1,5691,7831,8101,9831,984
Government
Other revenue9810614251185
Total receipts3,8664,3524,4515,2324,808
Benefits
Family allowances581478576554553
Workmen’s compensation191160142124132
Retirement2,6072,1142,3522,1022,473
Other expenses1,8711,8571,5041,2031,269
Total expenditure5,2504,6094,5743,9834,427
Surplus/Deficit (-)-1384-257-1231,249381
Source: Office Béninois de Sécurite Sociale (OBSS).
Source: Office Béninois de Sécurite Sociale (OBSS).
Table XXIII.Benin: Monetary Survey, 1990-94 1/
19901991199219931994

Est.
(In billions of CFA francs)
Net foreign assets16.648.572.881.2156.6
BCEAO17.041.459.956.092.1
Banks-0.47.112.925.264.5
Net domestic assets73.472.376.380.4106.8
Domestic credit79.274.481.984.2107.2
Net claims on Government76.365.763.357.166.6
Net claims on Central Government77.770.366.464.167.8
Net credit to Central Government26.920.016.113.867.8
Other claims (BCEAO)50.850.350.350.3
Other government deposits (projects)1.44.63.17.01.2
Credit to nongovernment sector2.98.718.627.140.6
SDR allocations3.43.73.63.67.6
Medium - and long-term liabilities
of the commercial banks0.10.60.91.5
Other items, net3.73.04.56.3-7.5
Revaluation account8.0
Broad money (M2)88.6116.2146.0154.6254.2
Currency39.246.551.825.577.1
Bank deposits47.868.292.3128.5174.4
Deposits with CCP1.61.51.90.62.7
Memorandum items:
(In percent of broad money at the beginning of the period)
Net foreign assets54.836.020.95.850.9
Net domestic assets9.6-1.23.42.89.7
Domestic credit21.3-5.46.41.66.8
Met claims on Government17.7-12.0-2.1-4.2-1.9
Net claims on Central Government20.1-8.4-3.4-1.6-5.7
Credit to nongovernment sector3.76.58.55.88.7
Broad money62.031.225.65.964.4
Velocity of broad money7.05.24.44.04.1
Net domestic assets of the Central Bank69.067.372.725.0
Bank deposits at the BCEAO52.869.981.330.9
Interbank lending to WAEMU banks27.3
Source: BCEAO, Cotonou.

Excluding the liquidated banks.

Source: BCEAO, Cotonou.

Excluding the liquidated banks.

Table XXIV.Benin: Summary Accounts of the Central Bank (BCEAO), 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Gross foreign assets21.249.767.568.8136.0
Franc zone currency
Reserve tranche position at the IMF
Operations account
Other
Gross claims on the Government81.479.879.073.740.8
Central Administration81.479.879.073.740.8
Treasury overdraft27.222.922.410.91.7
Discount of public bills0.80.3
Trust Fund and SAF on-lending2.66.36.312.539.1
Other claims (consolidated debt)50.850.350.350.3
Other public bodies
Bank notes and coin outside the banking system39.246.551.841.077.1
Government deposits and cash8.316.711.617.519
Deposits7.615.110.816.017.9
Central Administration4.79.910.012.710.5
Other public bodies2.95.20.83.37.4
Cash held by the Treasury0.71.60.81.51.1
Commercial banks deposits and cash35.352.869.991.030
Deposits66.788.02
Cash3.23.0
Public enterprises deposits3.31.31.60.6
Short-term foreign liabilities1.92.21.64.04.4
Of which: operations account(—)(—)(—)(—)(—)
SDR allocations3.43.73.63.67.6
Long-term foreign liabilities 1/2.36.16.011.939.5
Other items, net8.90.20.4-27.1-2.2
Source: Central Bank of the West African States (BCEAO).

Mainly Trust Fund and outstanding SAF/ESAF.

Source: Central Bank of the West African States (BCEAO).

Mainly Trust Fund and outstanding SAF/ESAF.

Table XXV.Benin: Summary Accounts of the Commercial Banks, 1990-94 1/(In billions of CFA francs)
1990199119921993

Est.
1994

Est.
Reserves35.652.670.091.030.1
Gross foreign assets6.013.419.729.376.3
Gross claims on the Government37.4
Central administration37.4
Other public bodies
Credit to the private sector2.98.718.626.540.6
Total assets44.574.7108.3146.8184.4
Total liabilities44.574.7108.3146.8184.4
Government deposits5.38.214.321.430.8
Central administration1.30.96.82.21.3
Other public bodies4.07.37.519.229.5
Private sector deposits37.656.782.498.4137.0
Central bank refinancing
Short-term foreign liabilities6.46.36.810.911.8
Long-term foreign liabilities0.10.10.60.91.3
Other items, net-4.93.44.215.23.5
Source: Central Bank of the West African States (BCEAO).

Excluding the liquidated banks.

Source: Central Bank of the West African States (BCEAO).

Excluding the liquidated banks.

Table XXVI.Benin: Net Claims on the Government, 1990-94 1/(In billions of CFA francs)
19901991199219931994

Est.
Central Bank26.619.621.016.230.4
Gross claims on Central Government30.629.528.723.240.8
Treasury30.629.528.723.240.8
Advances to the Treasury27.222.922.410.71.7
Public bills rediscounted0.80.3
Trust Funds on-lending
SAF and ESAF on-lent2.66.36.312.539.1
Autonomous Amortization Fund (CAA)
and National Investment Fund (FNI)
Road Fund
Central government deposits4.09.97.77.010.4
Treasury0.10.10.10.5
Fund for Indemnity and Rehabilitation (FIR)0.10.30.6
Autonomous Amortization Fund (CAA)
and National Investment Fund (FNI)3.18.26.85.57.8
Road Fund0.10.10.4
Cash held by the Central Government0.71.60.81.01.1
Commercial banks-1.3-1.1-6.8-3.134.7
Gross claims on Central Government0.136
Treasury bonds36.0
Other0.1
Central government deposits1.31.16.83.21.3
Treasury0.30.35.61.70.5
Autonomous Amortization Fund (CAA)
and National Investment Fund (FNI)0.20.10.50.70.4
Fund for Indemnity and Rehabilitation (FIR)0.10.2
Road Fund0.80.70.60.70.2
Deposits with the Postal Checking System1.61.51.90.62.7
Central Bank’s other claims on Government50.850.350.350.3
Total77.770.366.464.167.8
Project-related deposits with the BCEAO1.44.63.17.01.2
Total net claims on the Government76.365.763.357.166.6
Source: Central Bank of the West African States (BCEAO).

The Government includes the Treasury, the Autonomous Amortization Fund (CAA), the National Investment Fun (FNI) and the Road Fund.

Source: Central Bank of the West African States (BCEAO).

The Government includes the Treasury, the Autonomous Amortization Fund (CAA), the National Investment Fun (FNI) and the Road Fund.

Table XXVII.Benin: Distribution of Credit to the Economy, 1990-94 1/(In billions of CFA francs; end of period)
19901991199219931994

Est.
Short-term
Agriculture12,0539,5602,4992,494323
Industry8,1103,5114,4544,7074,148
Construction1,7841,7722,3112,6682,525
Transportation1,413996731851861
Commerce21,88523,72114,80415,21414,455
Services2,7912,4914,9987,56715,526
Other250294
Total48,28642,34529,79733,50137,838
Of which: public and
semipublic enterprises(24,148)(22,394)(4,359)(4,279)(694)
Medium-term
Agriculture590580539545106
Industry10,69210,07210,0199,5269,568
Construction1,016928925909984
Transportation753732426304302
Commerce11,84710,7218,7808,2938,011
Services5,0965,0977,0417,5497,317
Other
Total29,99428,13027,73027,12626,288
Of which: public and
semipublic enterprises(8,987)(7,693)(5,494)(5,220)(4,546)
Long-term
Agriculture856856513513
Industry4747474747
Construction2727242216
Transportation351349
Commerce1,7542,6702,5522,4151,852
Services13112912512029
Other
Total3,1664,0783,2613,1171,944
Of which: public and
semipublic enterprises(1,342)(1,340)(648)(648)(47)
Grand total81,44674,55360,78863,74466,070
Of which: public and
semipublic enterprises(34,477)(31,427)(10,501)(10,147)(5,287)
Source: Central Bank of West African States (BCEAO)

As reported to the “Centrale des Risques”

Source: Central Bank of West African States (BCEAO)

As reported to the “Centrale des Risques”

Table XXVIII.Benin: Interest Rate Structure, 1990- 95 1/
19941995
1990199119921993Jan. 19JuneEnd-Aug.Jan. 23
Discount rate11.011.012.510.514.512.010.09.0
Preferential discount rate 2/
Rate of Treasury advances9.9759.7259.09.7 3/7.8 3/7.87.84.5
Rate of prise en pension11.011.012.58.7512.7510.257.757.0
Money market rate 4/10.97510.8512.17.5629.259.255.755.5
Minimum rate on savings deposits
below CFAF 5 million7.07.08.54.58.08.05.04.5
Maximum lending rate 5/16.016.017.521.029.029.022.018.0
Memorandum items:
French overnight money market
rate (period average)9.99.510.48.86.55.45.35.4
Source : Central Bank of West African States (BCEAO).

Annual interest rate, end of period, except when indicated otherwise.

This was abolished in 1989 in the BCEAO and in 1990 in the BEAC.

1 percent below the rate for money market advances; in practice, the rate remains fixed for several quarters.

Before October 1989, rate on month- to- month advances by the BCEAO. The money market in the BCEAO was introduced in October 1989; it has functioned with an auction system since October 1993. A money market became operational in the BEAC, early July 1994.

Since 1993, the usurious rate has been twice the discount rate in the BCEAO.

Source : Central Bank of West African States (BCEAO).

Annual interest rate, end of period, except when indicated otherwise.

This was abolished in 1989 in the BCEAO and in 1990 in the BEAC.

1 percent below the rate for money market advances; in practice, the rate remains fixed for several quarters.

Before October 1989, rate on month- to- month advances by the BCEAO. The money market in the BCEAO was introduced in October 1989; it has functioned with an auction system since October 1993. A money market became operational in the BEAC, early July 1994.

Since 1993, the usurious rate has been twice the discount rate in the BCEAO.

Table XXIX.Benin: Value, Volume, and Unit Value of Recorded Exports, 1990-94
19901991199219931994

Est.
(In billions of CFA francs)
Values32.137.134.931.692.7
Ginned cotton19.926.225.120.968.3
Seed cotton1.82.12.42.510.0
Cotton cake0.1
Palm oil0.90.50.70.41.7
Palm kernel oil0.30.10.10.1
Palm kernel cake0.1
Coffee
Sheanut butter0.10.30.1
Crude oil7.06.24.34.57.2
Other products2.02.02.03.45.1
(In thousands of tons)
Volume288.3310.2311.3304.3401.6
Ginned cotton42.159.274.265.7101.2
Seed cotton52.254.689.082.5154.4
Cotton cake1.90.61.1
Palm oil10.84.47.33.98.3
Palm kernel oil2.80.50.40.3
Palm kernel cake3.52.11.20.91.5
Coffee
Sheanut butter0.52.20.5
Crude oil175.0188.9136.9150.8134.2
conversion factor7.27.27.27.27.2
In millions of barrels1.31.41.01.11.0
(In thousands of CFA francs/kg)
Unit value
Ginned cotton472.2441.8338.1318.3674.7
Seed cotton34.737.727.430.164.8
Cotton cake25.425.020.529.766.0
Palm oil84.8110.795.798.6202.1
Palm kernel oil100.2147.0182.1320.6
Palm kernel cake19.020.211.820.027.5
Coffee
Sheanut butter125.0124.8125.0297.2
Crude oil40.333.031.431.553.6
conversion factor7.27.27.27.27.2
In CFAF/barrel5,5704,5704,3414,1077,416
In U.S. dollars/barrel20.516.216.414.313.4
Sources: BCEAO; Sèmè Oil Project; and SONAPRA.
Sources: BCEAO; Sèmè Oil Project; and SONAPRA.
Table XXX.Benin: Exports of Crude Oil, 1990-94
19901991199219931994

Est.
Price obtained by Benin
U.S. dollars per barrel20.4616.5916.214.6313.87
CFA francs per barrel5,5744,6034,3154,1077672
Volume exported1.271.370.991.090.97
(in millions of barrels)
Export receipts7.056.294.254.467.45
(in billions of CFA francs)
Source: Sèmè Oil Project.
Source: Sèmè Oil Project.
Table XXXI.Benin: Balance of Payments, 1990-94
19901991199219931994

Est.
(In billions of CFA francs)
Trade Balance-38.3-41.1-50.1-56.1-36.1
Exports, f.o.b.78.295.098.396.6167.1
Domestic exports32.137.134.931.692.7
Cotton21.828.227.523.478.4
Oil7.06.24.34.57.2
Other3.32.73.13.87.1
Re-exports, f.o.b.46.257.963.364.974.4
Imports, f.o.b.-116.5-136.1-148.4-152.6-203.2
Domestic imports-81.0-91.6-101.5-104.5-150.1
Imports for re-exports-35.5-44.5-46.9-48.1-53.1
Services (Net)-16.2-13.2-20.5-15.5-26.4
Nonfactor services-5.6-4.5-4.2-4.2-3.9
Factor services-10.6-8.7-16.3-11.3-22.5
Of which: interest due-10.6-8.7-16.3-11.3-22.5
Unrequited Private Transfers (Net)23.523.725.226.736.0
Current balance before grants-31.0-30.6-45.4-44.9-26.5
Official grants (net)36.128.735.040.946.7
Current Account after grants5.1-1.9-10.4-4.020.1
Capital Movements (Net)11.322.0-3.84.634.9
Medium- and long- term capital17.520.9-11.912.916.0
Disbursements 2/28.630.419.526.838.1
Amortization due 3/-11.1-9.5-31.4-13.9-22.1
Long-term private capital0.51.07.0-2.04.2
Short-term capital and errors and omissions-6.80.11.1-6.314.7
Overall Balance16.420.1-14.20.655.0
Financing-16.4-20.114.2-0.6-55.0
Change in net foreign assets-29.9-32.0-24.2-10.1-75.4
Central Bank-26.0-24.5-18.43.9-36.1
Deposit money banks-3.9-7.5-5.8-14.0-39.3
Change in external arrears7.6-14.31.6-3.3
Principal2.1-9.41.6-3.3
Interest5.5-4.9
Debt relief5.926.238.47.923.7
Retraining Financing Gap
Memorandum items(In percent of GDP)
Current account deficit-6.2-5.7-8.0-7.5-3.1
(excluding official grants)
Overall deficit3.33.8-2.50.16.5
Source: Data provided by the Beninese authorities; and staff estimates.
Source: Data provided by the Beninese authorities; and staff estimates.
Table XXXII.Benin: Balance of Payments, 1990-94
19901991199219931994

Est.
(In millions of U.S. dollars)
Trade balance-140.6-145.8-189.4-198.1-65.0
Exports, f.o.b.287.2336.7371.2341.0300.9
Domestic exports117.7131.6132.0111.7167.0
Cotton79.9100.0104.182.6141.2
Oil25.922.116.215.813.0
Other12.09.411.713.312.8
Re-exports, f.o.b.169.5205.1239.2229.3133.9
Imports, f.o.b.-427.9-482.5-560.7-539.1-365.9
Domestic imports-297.5-324.7-383.5-369.2-270.3
Imports for re-exports-130.4-157.7-177.2-169.9-95.7
Services (net)-59.4-46.7-77.5-54.9-47.6
Nonfactor services-20.4-16.0-15.9-15.0-7.1
Factor services-38.9-30.7-61.6-39.9-40.5
Of which: interest due(-38.9)(-30.7)(-61.6)(-39.9)(-40.5)
Unrequited private transfers (net)86.384.095.294.364.8
Current account balance-113.7-108.5-171.7-158.7-47.8
(before grants)
Official grants (net)132.6101.7132.3144.484.0
Current account after grants18.9-6.7-39.4-14.236.2
Capital movements (net)41.378.0-14.316.462.8
Medium- and long- term capital64.374.1-45.045.628.8
Disbursements105.0107.873.694.768.6
Amortization due-40.7-33.7-118.6-49.1-39.8
Long—term private capital1.83.526.4-7.17.6
Short-term capital and errors
and omissions-24.80.34.3-22.126.4
Overall balance60.271.2-53.62.299.0
Financing-60.2-71.253.6-2.2-99.0
Change in net foreign assets-109.8-113.4-91.4-35.7-135.8
Central Bank-95.5-86.8-69.513.8-65.0
Deposit money banks-14.3-26.6-21.9-49.4-70.8
Change in external arrears27.9-50.75.7-5.9
Principal7.7-33.35.7-5.9
Interest20.2-17.4
Debt relief21.792.9145.127.842.7
Memorandum items(In percent of GDP)
Current account deficit-6.2-5.7-8.0-7.5-3.1
(excluding official grants)
Overall deficit3.33.8-2.50.16.5
Sources: Data provided by the Beninese authorities; and staff estimates.
Sources: Data provided by the Beninese authorities; and staff estimates.
Table XXXIII.Benin: Stock of Public and Guaranteed External Debt, 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Medium- and long-term debt
Multilateral institutions 1/152.7162.5176.5201.7462.2
IMF6.66.05.815.132.0
IDA88.7104.3109.1126.7255.4
ADB/AfDF20.222.033.642.1101.7
Other37.230.128.017.7174.8
Bilateral creditors172.3176.9212.4208.6270.4
Paris Club93.7100.0140.2133.2143.1
Of which:
France(50.0)(53.0)(59.0)(63.8)(64.0)
United Kingdom(2.4)(2.3)(1.6)(1.7)(3.0)
Germany(1.3)(0.8)(1.3)(1.1)(2.3)
USA(…)(…)(…)(0.6)(1.1)
Norway(21)(21.3)(12.5)(12.9)(25.2)
Other creditors78.676.972.275.4127.3
Russia13.912.210.510.521.0
Nigeria45.345.845.345.791.4
Other19.418.916.419.214.9
Total debt outstanding325.0339.4388.9410.3732.6
Memorandum items:
Stock of external arrears15.13.2
Debt outstanding, in percent of GDP64.763.467.869.286.7
Source: Caisse Autonome d’Amortissement.

Debt stock before 1992 according to World Bank Debtor Reporting System.

Source: Caisse Autonome d’Amortissement.

Debt stock before 1992 according to World Bank Debtor Reporting System.

Table XXXIV.Benin: Debt Service Obligations on Public and Guaranteed Debt, 1990-94(In billions of CFA francs)
19901991199219931994

Est.
Interest10.68.616.311.322.5
Multilaterals (excluding IMF)3.02.02.32.14.6
IMF0.30.10.30.20.5
Paris Club (Medium-term debt)4.83.410.34.68.8
Other bilateral creditors2.52.93.13.26.8
Short-term debt0.20.31.1
Postal debt1.8
Other (dette hospitalière)0.10.10.1
Amortization11.19.431.413.922.6
Multilateral (excluding IMF)4.03.13.43.37.0
IMF0.60.5
Paris Club (Meduim term debt)1.42.324.21.80.7
Other bilateral creditors5.22.62.52.86.1
Short-term debt1.31.36.16.1
Postal debt2.1
Other (dette hospitalière)0.10.10.2
Total debt service due21.718.147.725.245.1
Interest10.68.616.311.322.5
Amortization11.19.431.413.922.6
Rescheduling obtained5.926.738.47.923.7
Of which: Paris Club(5.9)(20.7)(32.3)(1.9)(5.6)
Debt service actually paid15.85.29.317.321.4
Sources: CAA; and staff estimates.
Sources: CAA; and staff estimates.
Appendix: LIST OF ACRONYMSACP

African, Caribbean, and Pacific

AfDB

African Development Bank

AGB

Société de l’Alimentation Générale du Bénin

BADEA

Banque Arabe pour le Développement Economique en Afrique

BCEAO

Banque Centrale des Etats de l’Afrique de l’Ouest

BELIMINES

Société Bénino-Arabe Libyenne des Mines

BELIPECHE

Société Benino-Arabe Libyenne de Pêche

BIBE

Banque Internationale du Bénin

BOA

Bank of Africa

BOAD

Banque Ouest-Africaine de Développement

CAA

Caisse Autonome d’Amortissement

CARDER

Centre d’Action Régionale pour le Développement Rural

CCCE

Caisse Centrale de Coopération Economique (France)

CCN

Commission Céréaliè;re Nationale

CCP

Centre des Chèques Postaux

CIB

Céramique Industrielle du Bénin

CNE

Caisse Nationale d’Epargne

CNERTP

Centre National d’Essais et de Recherches des Travaux Publics

COBENAM

Compagnie Béninoise de Navigation Maritime

EC

European Communities

ECOWAS

Economic Community of West African States

EDF

European Development Fund

EIB

European Investment Bank

FAO

Food and Agriculture Organization of the United Nations

FAS

Fonds Autonome de Stabilisation et de Soutien des Prix des Produits Agricoles

FED

Fonds Européen de Développement

FIR

Fonds d’Indemnisation et de Remboursement

FNI

Fonds National d’Investissement

IBETEX

Industrie Béninoise des Textiles

IDA

International Development Association

INC

Institut National de Cartographie

INSAE

Institut National de la Statistique et de l’Analyse Economique

INSEE

Institut National de la Statistique et des Etudes Economiques (France)

LNB

Loterie Nationale du Bénin

MDRAC

Ministère du Développement Rural et de l’Action Coopérative

OBAR

Office Béninois d’Aménagement Rural

OBEMAP

Office Béninois de Manutentions Portuaires

OBEMINES

Office Béninois des Mines

OBEPEP

Office Béninois d’Exploitation des Produits d’Elevage et de Pêche

OBSS

Office Béninois de la Sécurité Sociale

OCBN

Organisation Commune Bénin-Niger de Chemins de Fer et des Transports

ONAB

Office National du Bois

ONATHO

Office National du Tourisme et de l’Hôtellerie

ONP

Office National de Pharmacie

OPEC

Organization of Petroleum Exporting Countries

OPT

Office des Postes et Télécommunications

PAC

Port Autonome de Cotonou

SABLI

Société Agro-Animale Bénino-Arabe Libyenne

SBEE

Société Béninoise d’Electricité et d’Eau

SCB

Société des Ciments du Bénin

SCO

Société des Ciments d’Onigbolo

SMAG

Salaire minimum agricole garanti

SMIG

Salaire minimum interprofessionel garanti

SOBEMAC

Société Béninoise des Matériaux de Construction

SOBETEX

Société Béninoise des Textiles

SODERA

Société de Développement des Ressources Animales

SODIMAS

Société de Distribution des Fournitures et Matériels Administratifs et Scolaires

SOGECOB

Société Générale de Commerce du Bénin

SONACEB

Société Nationale de Commercialisation et d’Exportation du Bénin

SONACI

Société Nationale des Ciments

SONACOP

Société Nationale de Commercialisation des Produits Pétroliers

SONACOTRAP

Société Nationale de Construction et de Travaux Publics

SONAFEL

Société Nationale des Fruits et Légumes

SONAPECHE

Société Nationale d’Armement et de Pêche

SONAPRA

Société Nationale pour la Promotion Agricole

SONATRAC

Société Nationale de Transit et de Consignation

SONICOG

Société Nationale pour l’Industrie des Corps Gras

SOTRACOB

Société de Transit et de Consignation du Bénin

SSS

Société Sucrière de Savé

STC

Société des Textiles et des Chaussures

TAB

Transport Aériens du Bénin

UEMOA

Union Economique et Monétaire Ouest Africane

UNDP

United Nations Development Programme

USAID

United States Agency for International Development

WAEMU

West African Economic and Monetary Union

Other Resources Citing This Publication