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Social Science > Demography

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Cover IMF Staff Country Reports
Benin: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper presents stylized facts on Benin’s ongoing economic transformation, and analyzes the country’s new eco-system. A recent IMF paper explores conditions under which the country’s industrial policy could meet its intended goals while avoiding unintended economic distortions down the road. While economic diversification is found to be associated with higher economic growth, evidence on the causal impact of industrial policies is hard to establish. While empirical evidence suggests that Benin’s reliance on traditional sectors, notably the Port of Cotonou, is moderating, economic diversification remains limited. The government embarked on industrial policy with the transformation of local commodities as main engine, including via the launching of a Special Economic Zone (SEZ) in 2020. It is recommending that the authorities should pursue efforts to ensure transparency in the selection of SEZ-related incentives. Intra-regional trade integration holds significant potential for Benin and could support economic diversification. Ongoing post-electoral policy shifts in Nigeria and formalization underway of economic ties between both nations, if permanent, would curb rent-seeking in Benin.
Keywords:
demographics dividend; B. addressing Internet accessibility; infrastructure investment; Beninese government; completion rate; Digitalization; Exports; Global; Sub-Saharan Africa; West Africa
Cover IMF Staff Country Reports
Benin: Poverty Reduction and Growth Strategy
International Monetary Fund. African Dept.
This paper on Benin highlights poverty reduction and growth strategy. The National Development Plan (PND) is designed to specify the strategic benchmarks for development activities for the eight-year period until 2025, the target date for the implementation and completion of the Vision. The analysis suggests a low literacy rate, low performance levels in the education system and vulnerable public health situation due to insufficient public access to health services. Based on Benin’s comparative advantages with the ambitions enshrined in the Benin 2025 Alafia Vision, developments in international and regional trends, the chosen strategic option is to make agroindustry, tourism, and services the engine of inclusive, sustainable economic growth in a context of more effective national and local governance, based on the development of human capital and infrastructures. Sustainable management of the living conditions and the environment along with the emergence of regional development hubs require ensuring enforcement of legislative and regulatory texts.
Keywords:
development Republic of Benin; Government Action program; development paradigm; development partner; Beninese economy; Development strategy; Human capital; Structural transformation; Africa
Cover IMF Working Papers
The Spending Challenge for Reaching the SDGs in Sub-Saharan Africa: Lessons Learned from Benin and Rwanda
Delphine Prady
and
Mouhamadou Sy
This paper documents the additional spending that is required for sub-Saharan Africa (SSA) to achieve meaningful progress in SDGs by 2030. Benin and Rwanda are presented in detail through case studies. The main lessons are: i) average additional spending across SSA is significant, at 19 percent of GDP in 2030; ii) countries must prioritize their development objectives according to their capacity to deliver satisfactory outcomes, iii) financing strategies should articulate multiple sources given the scale of additional spending, and iv) strong national ownership of SDGs is key and should be reflected in long-term development plans and medium-term policy commitments.
Keywords:
WP; Sub-Saharan Africa; Benin; spending; GDP; Rwanda; spending estimate; SSA population; SSA government; SSA countries signal; health SSA average; SSA median; SSA peer; SSA LIDCs; Sustainable Development Goals (SDG); Electricity
Cover IMF Staff Country Reports
West African Economic and Monetary Union: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper on West African Economic and Monetary Union presents external stability assessment report. The current account deficit declined in 2014. Although gross international reserve coverage has increased slightly, part of the current account deficit has been financed by a decline in commercial banks’ net foreign assets. Contingent on the implementation of government’s consolidation plans, and helped by a favorable oil price outlook, the current account deficit would further gradually decline and be matched by enough financial inflows in the medium term. According to various metrics, the real exchange rate appears to be broadly aligned with fundamentals. International reserve coverage should increase to provide stronger buffers against immediate short-term risks. Structural competitiveness and investment efficiency improvements will be essential to ensure that the planned large investment programs translate into growth and export gains as well as increased private inflows into the region.
Keywords:
ISCR; CR; WAEMU; GDP; ECOWAS country; dynamics well; payment service; credit-to GDP ratio; liquidity provision; Mobile banking; Imports; Tariffs; Commercial banks; West Africa
Cover IMF Staff Country Reports
Bénin: Document de stratégie pour la réduction de la pauvreté
International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; private sector; economic growth; natural resources; priority action
Cover IMF Staff Country Reports
Benin: Poverty Reduction Strategy Paper
International Monetary Fund
This abstract discusses Benin’s poverty reduction strategy (PRS1). The PRS1 serves as both a strategic frame of reference and a framework for dialogue with technical and financial partners (TFPs). The six major phases involved in the preparation of the growth and poverty reduction strategy (GPRS) and design of the macroeconomic and budgetary framework have been explained in this paper. The impact of macroeconomic and budgetary framework on the attainment of the MDGs and on the poverty reduction is also reviewed.
Keywords:
ISCR; CR; private sector; economic growth; natural resources; priority action; public finance; government plan; civil society; local government; economic development; steering committee; Infrastructure; Global; West Africa
Cover IMF Staff Country Reports
Niger: Document de stratégie de réduction de la pauvreté
International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; economic growth; private sector; mortality rate; civil society
Cover IMF Staff Country Reports
Niger: Poverty Reduction Strategy Paper
International Monetary Fund
The Government of the Republic of Niger has implemented the Poverty Reduction Strategy (PRS), which describes the country's macroeconomic, structural, and social policies in support of growth and poverty reduction. This strategy is based on the conviction that poverty can be reduced through strong and sustained economic growth that creates wealth and jobs. The study is the outcome of a concerted analysis. The first part outlines the diagnosis and key factors of poverty and the second part presents the major challenges, vision, overall goals, and strategic pillars.
Keywords:
ISCR; CR; economic growth; private sector; mortality rate; civil society; community development; low income; financial market; energy policy; human resources; Women; West Africa; Africa; Global; Europe; Asia and Pacific
Cover IMF Staff Country Reports
Benin: Poverty Reduction Strategy Paper—2005 Progress Report
International Monetary Fund
This Poverty Reduction Strategy Paper (PRSP) was developed based on a long participatory process based on an institutional mechanism involving all socioeconomic development actors in the country. The annual review of the PRSP seeks to assess the results achieved in the implementation of the poverty reduction strategy by analyzing the evolution of the performance indicators retained and the level of execution of the matrix of measures retained in the PRSP. This study is based on the reports of IMF staff's PRSP and information collected from government projects, program budget, and framework.
Keywords:
ISCR; CR; training course; economic growth; inflation rate; national budget; debt service; primary sector; community development; tertiary sector; money supply; poverty reduction strategy; Women; Global
Cover IMF Staff Country Reports
Benin: Poverty Reduction Strategy Paper: Growth Strategy for Poverty Reduction
International Monetary Fund
Benin has been implementing a national poverty reduction strategy for sustainable human development. The government of Benin judiciously stressed the development of the social sector and improved governance to develop human resources and enhance the effectiveness of its actions so as to lay the foundations for sustainable human development. The sectoral strategies and policies growing out of the poverty reduction and growth strategy (SCRP) will be refined and/or readjusted to more clearly delineate the actions planned and thereby facilitate their implementation.
Keywords:
ISCR; CR; private sector; civil society; community development; land tenure; personnel management; production system; economic growth; natural resource; public expenditure; fiscal policy; gross domestic product; reform program; West Africa