Chapter

Annex I Statistical Tables

Author(s):
Stéphane Cossé, Johannes Mueller, Jean Le Dem, and Jean Clément
Published Date:
June 1996
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Table 3.Nominal GDP, 1990–96(Annual percentage changes)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU−0.2−2.00.71.6−1.039.138.5−0.614.89.0
Benin5.94.86.66.65.429.540.410.922.06.9
Burkina Faso1.4−0.14.50.60.632.029.4−2.614.310.3
Côte d’Ivoire−2.9−9.8−0.1−0.3−1.541.842.10.314.49.4
Mali3.73.2−0.39.72.338.437.8−0.613.68.5
Niger−2.5−2.9−2.8−5.51.336.036.00.011.57.4
Senegal1.95.2−0.24.1−1.642.835.8−7.012.67.3
Togo−3.03.22.2−1.8−15.440.443.93.521.016.3
CAEMC−1.21.9−1.3−2.0−3.632.938.05.112.38.8
Cameroon−3.5−1.1−4.4−2.3−6.130.339.49.115.98.6
Central African Republic−2.70.3−4.8−3.4−2.941.536.5−5.019.49.7
Chad−1.4−0.88.81.0−14.433.649.015.412.99.4
Congo−0.10.40.80.7−2.224.421.4−3.01.017.8
Equatorial Guinea5.70.82.214.15.552.842.7−10.215.210.4
Gabon3.310.63.1−3.63.038.840.31.57.55.1
Zone−0.7−0.2−0.2−0.1−2.236.438.31.913.78.9
Comoros2.94.72.91.22.712.023.811.86.47.1
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 4.Real Rate of Growth, 1990–96(Annual percentage changes)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU10.30.20.91.2−1.22.52.60.15.55.6
Benin3.83.14.74.13.22.23.41.26.35.6
Burkina Faso2.6−1.510.02.5−0.83.31.2−2.15.35.1
Côte d’Ivoire−0.9−2.1−0.8−0.80.81.70.96.46.7
Mali1.20.4−2.57.8−0.82.42.45.14.8
Niger−1.0−1.32.5−6.51.43.94.00.14.24.2
Senegal1.14.5−0.72.8−2.12.72.0−0.74.54.7
Togo−4.50.1−0.9−3.7−13.511.710.7−1.05.76.0
CAEMC1−1.2−1.8−1.50.4−2.1−1.1−0.40.74.25.6
Cameroon−4.4−5.6−7.3−0.8−4.0−2.4−1.11.35.66.4
Central African Republic−1.6−1.0−0.6−2.5−2.25.56.71.24.14.9
Chad1.8−2.313.28.0−11.91.44.02.65.44.9
Congo1.00.62.22.4−1.2−2.4−6.7−4.30.37.7
Equatorial Guinea5.63.3−1.113.07.18.92.5−6.48.66.7
Gabon3.55.45.00.52.9−0.81.11.92.63.1
Zone1−0.4−0.7−0.20.8−1.61.01.30.35.05.6
Comoros1.92.52.11.61.30.70.80.12.23.0
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Weighted average using the corresponding GDP of the respective countries.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Weighted average using the corresponding GDP of the respective countries.

Table 5.GDP Deflator, 1990–96(Annual percentage changes)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1−0.4−2.3−0.10.50.335.235.0−0.28.73.2
Benin1.91.21.92.42.124.735.711.014.81.2
Burkina Faso−1.01.4−5.0−1.81.427.727.90.28.65.0
Côte d’Ivoire−2.0−7.90.7−0.3−0.641.239.6−1.67.62.6
Mali2.42.92.11.92.635.134.5−0.68.03.5
Niger−1.4−1.6−5.11.1−0.130.930.8−0.17.02.9
Senegal0.70.60.51.20.435.433.2−2.27.82.5
Togo1.53.13.21.8−2.229.230.21.014.49.7
CAEMC1−0.12.90.5−2.4−1.333.938.44.57.73.2
Cameroon0.73.13.1−1.5−2.133.540.97.49.72.1
Central African Republic−1.01.9−4.2−0.9−0.736.127.9−8.214.74.6
Chad−2.91.6−3.9−6.5−2.831.843.311.57.04.3
Congo−1.1−0.2−1.4−1.6−1.027.430.02.60.79.4
Equatorial Guinea0.1−2.53.50.9−1.540.239.1−1.16.13.5
Gabon−0.24.9−1.8−4.10.236.938.71.84.72.0
Zone1−0.20.20.2−0.8−0.434.736.51.88.33.2
Comoros1.02.20.8−0.41.412.522.810.34.13.9
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Weighted average using the corresponding GDP of the respective countries.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Weighted average using the corresponding GDP of the respective countries.

Table 6.Inflation (CPI), 1990–96(Percentage changes, annual average)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU10.5−0.20.61.20.531.929.7−2.29.63.4
Benin2.41.12.15.90.526.038.612.615.94.0
Burkina Faso0.1−0.82.5−2.00.631.224.7−6.57.93.9
Côte d’Ivoire1.8−0.71.64.22.226.225.8−0.48.03.2
Mali−0.91.61.5−5.9−0.640.125.3−14.88.03.5
Niger−1.5−2.0−1.9−1.7−0.431.135.64.513.74.7
Senegal−0.60.3−1.8−0.1−0.639.132.1−7.07.82.5
Togo0.41.00.43.7−3.635.941.45.516.94.0
CAEMC1−0.41.41.5−2.7−1.733.337.34.010.23.6
Cameroon−0.7−0.51.0−0.2−3.231.034.53.510.33.6
Central African Republic−1.7−0.2−2.8−0.8−2.935.024.5−10.521.33.4
Chad−1.60.54.0−3.8−7.043.341.3−2.06.54.5
Congo2.02.61.52.21.840.356.916.610.52.8
Equatorial Guinea−0.50.7−3.4−4.35.235.240.65.48.64.4
Gabon−0.35.73.3−10.80.631.736.14.48.03.8
Zone10.10.61.0−0.6−0.532.533.00.69.93.5
Comoros1.12.01.7−1.41.915.025.610.64.83.5
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Weightedaverage using the corresponding GDP of the respective countries.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Weightedaverage using the corresponding GDP of the respective countries.

Table 7.Cumulative Consumer Price Index, 1994 and 1995 (January-June)1(December 1993 = 100)
19941995
Jan.Feb.Mar.Apr.MayJuneJulyAug.Sept.Oct.Nov.Dec.Jan.Feb.Mar.AprilMayJuneDec. 94/May 95 (Percentage change)
WAEMU2108.8117.6122.5125.0127.2129.5132.4134.2135.1136.7137.0136.3138.4138.9141.6142.5143.85.5
Benin119.3126.2131.5137.6135.4133.6135.1133.9141.6144.6147.8154.3153.3152.5154.9156.9159.1154.63.1
Burkina Faso106.2114.0115.6122.5123.5127.9124.5126.2129.0128.3131.1129.1129.1128.9128.9131.0131.0133.01.5
Côte d’lvoire108.2114.4120.0121.5124.8128.2130.3130.6131.5131.9131.8131.9138.7139.2143.4144.7146.0146.910.7
Mali109.7117.2117.7121.1122.9128.7132.3134.2134.2134.2134.0132.1130.8133.4134.8137.5143.3141.68.5
Niger101.1114.0126.7128.8134.0137.7140.9141.9140.0138.8142.8140.6140.3140.1142.1141.1144.2148.32.6
Senegal110.4121.5126.0126.7128.1127.2134.3140.0139.5144.6141.0137.5135.0135.9138.8138.2136.8139.7−0.5
Togo105.9123.6127.0128.7131.8132.1137.7139.5138.7142.8147.5148.4152.9152.7152.7153.2154.03.8
CAEMC2109.0123.7129.9132.3133.7137.5139.8144.9148.1145.5147.5149.6153.5152.2151.6
Cameroon107.0123.4128.6129.0128.6132.0134.4138.9145.7144.5147.8148.4153.3150.6150.8151.1151.21.9
Central Afric. Rep.100.4110.1111.6117.9121.7131.9136.7136.0135.6134.6143.1144.7152.3151.6152.2150.1
Chad104.2120.4133.9145.4150.1152.7151.8156.8156.6153.3151.3149.4152.9154.2151.7149.9150.3158.80.6
Congo125.2135.0144.9143.5147.3151.5155.9162.5163.9159.0163.1164.1175.9176.8172.0
Equatorial Guinea3123.3126.3128.7135.8137.6140.5140.7144.2148.9144.1144.7145.2143.6145.1147.0145.1144.5−0.5
Gabon108.4123.1129.4134.0136.5139.8141.4148.2146.7146.9144.7146.9145.7145.2144.9149.1152.8153.44.0
Zone2108.9120.3125.8128.2130.0133.0135.7138.9140.8141.1142.1142.2145.0144.7145.9
Comoros97.7103.993.497.8100.5100.3104.5107.8126.9132.4124.0125.0135.0136.8131.7
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

End-of-period basis.

Weighted average using 1994 (provisional estimates) and 1995 (program/projections) GDP.

Provisional for 1995; official data from the continental portion of Equatorial Guinea not yet available.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

End-of-period basis.

Weighted average using 1994 (provisional estimates) and 1995 (program/projections) GDP.

Provisional for 1995; official data from the continental portion of Equatorial Guinea not yet available.

Table 8.Total Consumption, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU90.689.989.790.592.586.486.0−0.584.383.3
Benin94.894.594.095.695.193.690.5−3.190.689.2
Burkina Faso94.191.795.495.194.493.293.90.794.092.7
Côte d’lvoire85.085.783.683.587.373.573.2−0.372.072.5
Mali93.693.892.994.892.996.194.6−1.690.989.8
Niger96.496.092.598.298.799.099.30.398.296.2
Senegal92.791.393.392.493.890.691.61.088.786.9
Togo93.486.990.692.9103.297.392.9−4.488.284.8
CAEMC80.379.479.581.880.775.170.1−5.070.669.8
Cameroon84.383.883.585.784.382.777.1−5.675.473.9
Central African Republic98.098.996.999.996.394.092.3−1.793.091.9
Chad109.4104.0111.1111.1111.5109.8102.7−7.2103.2104.9
Congo82.278.481.479.190.073.072.7−0.374.467.9
Equatorial Guinea89.989.285.397.188.077.775.9−1.780.877.2
Gabon60.059.258.663.059.351.543.7−7.846.147.7
Zone86.085.085.186.687.381.779.0−2.778.377.4
Comoros101.8105.4103.799.398.9101.695.4−6.296.094.3
Sources: Data provided by the authorities and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities and Fund staff estimates and projections as of the end of May 1995.
Table 9.Total Gross Domestic Investment, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU13.513.613.813.912.518.015.7−2.216.718.0
Benin14.414.214.513.914.921.414.3−7.115.216.6
Burkina Faso21.720.420.921.623.731.925.3−6.623.724.4
Côte d’Ivoire9.78.810.710.98.414.014.10.114.916.4
Mali22.322.423.121.921.926.926.5−0.426.026.5
Niger7.18.19.25.45.712.18.3−3.810.111.4
Senegal13.213.612.314.013.216.213.7−2.515.617.1
Togo15.724.917.516.33.912.510.9−1.615.417.1
CAEMC17.518.718.516.216.619.619.5−0.220.821.9
Cameroon15.417.416.014.314.113.215.82.618.019.8
Central African Republic13.214.213.413.112.315.114.0−1.115.015.2
Chad11.418.77.98.410.614.914.3−0.513.714.5
Congo16.316.718.915.813.833.521.8−11.720.822.1
Equatorial Guinea31.126.743.224.330.223.941.918.032.621.1
Gabon24.423.826.522.824.526.427.00.629.229.8
Zone15.316.016.014.914.318.717.4−1.318.519.7
Comoros17.420.214.520.314.620.321.41.119.019.5
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 10.Gross Public Investment, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU5.04.95.15.34.97.46.2−1.26.66.9
Benin7.17.47.56.76.710.79.5−1.29.88.8
Burkina Faso6.94.36.48.98.012.07.0−5.08.38.6
Côte d’lvoire3.22.83.23.33.45.25.25.45.8
Mali10.410.312.39.79.313.712.8−0.912.812.5
Niger4.87.43.73.94.29.44.8−4.65.66.4
Senegal4.54.14.65.14.14.94.6−0.34.85.1
Togo4.27.24.53.51.63.12.2−0.93.94.6
CAEMC4.55.34.34.14.45.63.5−2.24.04.4
Cameroon4.35.64.23.73.93.31.7−1.62.02.3
Central African Republic7.27.17.77.46.88.67.6−1.08.48.3
Chad10.818.27.57.99.913.813.3−0.512.312.1
Congo1.52.70.90.81.78.03.1−4.92.74.8
Equatorial Guinea16.417.516.616.215.311.87.1−4.79.88.7
Gabon4.02.44.44.54.75.63.8−1.85.45.5
Zone4.85.14.84.74.76.65.0−1.65.55.8
Comoros7.35.35.710.47.79.99.6−0.47.26.8
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Including investments of public enterprises.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Including investments of public enterprises.
Table 11.Total Private Investment, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU8.48.68.78.67.710.69.5−1.010.111.2
Benin7.36.87.07.28.210.74.8−5.95.47.7
Burkina Faso14.716.114.512.615.719.918.3−1.615.415.8
Côte d’lvoire6.56.07.57.65.18.88.90.19.510.6
Mali11.912.110.812.212.613.313.70.513.214.0
Niger2.30.75.51.51.52.73.50.84.55.0
Senegal8.89.57.78.89.111.29.0−2.210.811.9
Togo11.517.613.012.82.49.38.7−0.711.512.6
CAEMC13.013.414.212.112.214.016.02.016.817.6
Cameroon11.111.811.810.610.29.914.14.316.017.5
Central African Republic6.07.15.85.75.56.56.4−0.16.66.9
Chad0.50.50.40.50.81.01.01.42.4
Congo14.814.018.015.012.225.518.7−6.818.117.3
Equatorial Guinea14.79.226.68.114.912.134.822.722.812.4
Gabon20.421.322.018.319.820.823.22.423.824.3
Zone10.510.811.210.29.712.012.40.413.014.0
Comoros10.114.98.89.86.910.311.81.511.912.7
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 12.Gross Domestic Savings, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU9.310.110.29.57.613.514.00.515.816.7
Benin5.25.56.04.44.96.49.53.19.410.8
Burkina Faso5.98.34.64.95.66.86.1−0.76.07.3
Côte d’lvoire14.914.316.216.412.826.626.80.228.127.5
Mali6.46.27.15.27.13.95.41.69.110.2
Niger3.64.07.51.81.31.00.7−0.31.83.8
Senegal7.38.76.77.66.29.18.4−0.711.313.1
Togo6.613.19.57.1−3.22.77.14.411.815.2
CAEMC19.720.620.518.219.324.929.95.029.430.2
Cameroon15.716.216.514.315.717.322.95.624.626.1
Central African Republic2.01.13.10.13.76.07.71.77.08.1
Chad−9.4−4.0−11.1−11.1−11.5−9.8−2.67.2−3.2−4.9
Congo17.821.618.620.910.027.027.30.325.632.1
Equatorial Guinea10.110.814.72.912.022.324.11.719.222.7
Gabon40.040.841.437.040.748.556.37.853.952.3
Zone14.015.014.913.412.818.321.02.721.722.6
Comoros−1.8−5.4−3.70.61.1−1.54.45.93.95.8
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 13.Government Domestic Savings, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1.01.01.91.1−0.12.12.20.03.74.8
Benin−1.4−2.9−1.0−2.81.10.60.90.31.12.0
Burkina Faso3.32.94.22.93.0−4.22.56.72.93.9
Côte d’Ivoire0.80.81.41.8−0.75.75.90.26.87.4
Mali1.53.71.51.01.21.50.32.13.7
Niger−0.80.4−0.2−2.1−1.50.3−3.4−3.7−1.30.8
Senegal2.70.75.23.01.84.01.6−2.44.65.8
Togo−3.91.2−3.0−1.8−12.1−11.7−10.01.7−3.9−1.4
CAEMC−1.3−0.1−0.8−1.7−2.80.1−0.3−0.43.55.2
Cameroon−3.2−2.4−2.8−3.3−4.5−4.5−5.9−1.4−0.51.7
Central African Republic−6.2−3.8−8.5−6.7−5.9−2.5−5.3−2.8−2.2−0.9
Chad−6.0−5.0−6.3−6.0−6.6−5.1−6.1−1.0−3.0−2.6
Congo−2.17.5−2.5−4.5−8.93.54.61.15.610.0
Equatorial Guinea−10.1−15.6−12.8−7.6−4.3−5.56.011.5−2.3−0.7
Gabon5.53.77.85.54.98.010.32.313.913.8
Zone−0.10.50.7−0.2−1.31.31.0−0.33.65.0
Comoros−8.5−8.9−11.3−6.5−7.2−6.9−10.6−3.7−5.8−3.6
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding interest payments on debt service and official grants.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding interest payments on debt service and official grants.
Table 14.Private Domestic Savings, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU8.49.18.38.47.711.411.90.512.111.9
Benin6.68.47.07.23.75.98.72.88.38.8
Burkina Faso2.65.40.42.02.711.03.7−7.33.03.4
Côte d’lvoire14.113.514.814.613.520.920.921.320.1
Mali4.82.55.55.26.22.74.01.37.06.6
Niger4.53.67.73.92.80.74.13.43.13.0
Senegal4.68.01.54.64.45.16.71.66.77.3
Togo10.511.812.58.88.914.417.12.715.716.6
CAEMC21.020.721.219.922.124.830.25.425.925.0
Cameroon18.918.619.317.620.221.828.87.125.124.3
Central African Republic8.24.811.66.89.68.513.04.59.29.1
Chad−3.41.0−4.8−5.1−4.9−4.73.58.2−0.2−2.3
Congo19.914.121.125.418.923.522.7−0.820.022.1
Equatorial Guinea20.126.427.410.516.327.818.0−9.721.623.4
Gabon34.537.133.631.535.840.546.05.540.038.5
Zone14.114.514.213.614.117.020.03.018.117.6
Comoros6.63.57.67.18.35.415.09.69.79.4
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 15.Gross National Savings, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU5.24.36.55.94.19.810.10.211.412.5
Benin8.79.89.86.98.69.212.43.110.912.2
Burkina Faso19.720.217.620.920.426.522.6−3.920.118.6
Côte d’lvoire−0.6−3.91.61.6−1.611.711.712.813.5
Mali8.17.79.16.98.76.57.51.011.512.8
Niger5.23.78.63.54.82.85.42.63.64.2
Senegal3.83.84.14.32.95.24.5−0.77.99.8
Togo10.418.814.110.8−2.11.45.54.111.916.4
CAEMC13.215.314.711.311.511.017.86.718.119.4
Cameroon10.812.412.59.39.15.013.48.415.618.0
Central African Republic8.05.59.97.79.07.111.74.612.212.8
Chad3.810.82.51.90.12.910.17.39.97.1
Congo4.010.32.04.9−1.48.41.0−7.41.05.5
Equatorial Guinea31.038.937.526.221.435.230.4−4.833.233.8
Gabon25.827.229.121.625.123.735.912.233.232.7
Zone8.89.410.38.37.410.313.53.114.315.5
Comoros16.118.513.914.517.615.019.94.915.016.1
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 16.Resource Balance, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU−4.1−3.4−3.6−4.4−5.0−4.4−1.72.7−1.0−1.4
Benin−9.2−8.7−8.5−9.5−10.0−15.0−4.710.2−5.9−5.8
Burkina Faso−15.8−12.1−16.3−16.7−18.0−25.1−19.16.0−17.8−17.1
Côte d’lvoire5.35.65.75.64.212.512.70.213.011.0
Mali−16.0−16.2−16.1−16.7−14.8−23.0−21.12.0−16.9−16.3
Niger−3.5−4.1−1.7−3.7−4.4−11.1−7.63.5−8.3−7.6
Senegal−5.9−4.9−5.6−6.4−7.0−6.8−5.31.5−4.3−4.0
Togo−9.1−11.8−8.0−9.2−7.1−9.8−3.86.0−3.5−1.9
CAEMC2.21.92.02.02.75.310.45.18.58.3
Cameroon0.2−1.20.51.64.17.13.06.56.2
Central African Republic−11.2−13.1−10.3−13.0−8.5−9.1−6.22.9−8.0−7.0
Chad−20.8−22.6−19.0−19.5−22.1−24.7−17.07.7−17.0−19.4
Congo1.54.9−0.35.2−3.9−6.55.512.04.79.9
Equatorial Guinea−21.0−15.8−28.5−21.4−18.3−1.6−17.9−16.3−13.31.6
Gabon15.617.014.914.216.222.129.37.224.722.5
Zone−1.3−1.0−1.0−1.5−1.6−0.43.64.03.22.8
Comoros−19.2−25.6−18.2−19.5−13.5−21.9−16.85.0−15.1−13.8
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 17.Exports Value (f.o.b.), 1991–96(Annual percentage changes)
1994
1991–93 Average199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1−3.3−2.3−3.9−3.6120.8109.3−11.513.88.2
Benin7.721.53.5−1.7101.173.0−28.218.67.8
Burkina Faso−3.5−8.74.5−6.2140.0103.8−36.213.93.8
Côte d’lvoire−3.3−6.3−1.9−1.6127.3115.4−11.914.28.0
Mali2.19.1−11.58.7111.697.1−14.517.45.5
Niger−6.6−2.8−7.1−9.989.291.11.91.27.0
Senegal−5.8−4.4−5.7−7.2117.7116.6−1.18.78.0
Togo−15.63.1−22.0−28.094.197.43.423.621.1
CAEMC1−3.0−8.0−6.04.981.0106.325.43.09.4
Cameroon−3.8−4.0−11.13.788.7127.438.74.55.1
Central African Republic−1.6−13.7−13.322.1138.7127.5−11.28.014.5
Chad−6.33.6−11.7−10.897.094.0−3.039.414.9
Congo−5.9−17.3−0.2−0.364.881.116.3−5.229.4
Equatorial Guinea16.8−2.037.015.3161.4100.6−60.816.47.9
Gabon−1.5−7.6−5.08.273.298.325.11.11.2
Zone1−3.1−5.3−5.01.0101.3107.76.48.38.8
Comoros11.143.8−17.47.031.1−24.6−55.747.8−1.5
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and reexports. Weighted average using the corresponding exports value (f.o.b.) of the respective countries.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and reexports. Weighted average using the corresponding exports value (f.o.b.) of the respective countries.

Table 18.Exports—Volume, 1991–96(Annual percentage changes)
1994
1991–93 Average199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1−0.33.7−1.3−3.54.44.70.37.38.5
Benin15.644.54.3−1.92.23.00.811.328.3
Burkina Faso−0.2−6.24.51.19.0−0.7−9.78.75.4
Côte d’Ivoire−3.0−5.30.9−4.62.03.71.74.96.8
Mali7.111.91.67.84.30.6−3.713.99.6
Niger−0.40.22.5−4.00.65.54.92.42.5
Senegal−2.47.6−8.2−6.56.88.61.87.27.5
Togo−9.25.9−17.1−16.411.616.14.510.75.7
CAEMC10.2−4.63.21.91.05.84.81.37.1
Cameroon−1.8−3.72.8−4.4−3.05.98.9−0.85.3
Central African Republic2.5−3.2−10.020.719.511.0−8.50.515.2
Chad−2.11.1−2.9−4.46.3−3.8−10.128.214.3
Congo−2.5−17.19.8−0.30.7−1.6−2.3−2.419.3
Equatorial Guinea33.5−9.779.930.222.33.0−19.321.213.6
Gabon4.2−1.52.911.11.39.98.60.71.4
Zone1−0.2−0.10.7−1.13.05.22.24.77.9
Comoros18.753.2−17.620.4−9.0−35.8−26.841.3−3.2
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and reexports. Weighted average using the corresponding exports value (f.o.b.) of the respective countries.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and reexports. Weighted average using the corresponding exports value (f.o.b.) of the respective countries.

Table 19.Imports Value (f.o.b.), 1991–96(Annual percentage changes)
1994
1991–93 Average199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1−0.81.50.8−4.7105.575.6−29.912.411.2
Benin9.616.89.02.897.433.2−64.218.88.5
Burkina Faso3.82.95.23.3109.056.3−52.710.75.6
Côte d’lvoire0.13.92.2−5.9108.483.0−25.515.617.6
Mali2.87.21.5−0.3105.191.9−13.24.67.1
Niger−17.3−18.6−11.9−21.3127.288.3−38.911.45.6
Senegal−0.5−0.91.0−1.898.682.8−15.86.35.9
Togo−19.2−8.3−15.1−34.392.562.3−30.222.112.6
CAEMC1−3.0−2.9−10.44.486.077.9−8.19.510.0
Cameroon−8.4−14.9−13.83.557.587.329.83.56.9
Central African Republic−11.5−23.4−0.8−10.496.469.9−26.623.47.8
Chad−6.2−0.1−8.8−9.689.864.7−25.136.813.1
Congo1.7−0.1−16.822.1130.968.8−62.05.224.4
Equatorial Guinea13.680.5−35.3−4.591.3117.526.24.0−24.6
Gabon3.110.8−3.42.084.270.4−13.910.46.1
Zone1−1.6−0.2−3.3−1.298.676.5−22.111.310.8
Comoros4.913.010.8−9.152.932.9−20.08.64.0
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and imports for reexports. Weighted average using the corresponding imports value (f.o.b.) of the respective countries.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and imports for reexports. Weighted average using the corresponding imports value (f.o.b.) of the respective countries.

Table 20.Imports—Volume, 1991–96(Annual percentage changes)
1994
1991–93 Average199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1−0.40.83.9−5.8−1.0−9.9−8.813.59.1
Benin8.917.88.50.4−6.5−33.0−26.523.710.6
Burkina Faso4.82.89.61.9−2.1−13.9−11.810.93.6
Côte d’Ivoire0.52.67.0−8.02.3−6.8−9.117.914.5
Mali−0.2−0.92.2−1.9−0.9−4.8−3.96.54.1
Niger−10.7−19.2−9.4−3.65.2−9.1−14.313.33.5
Senegal−0.21.03.0−4.7−3.0−4.4−1.45.24.2
Togo−18.6−10.0−10.5−35.2−8.6−19.9−11.317.310.6
CAEMC10.90.9−2.44.1−7.2−12.0−4.811.26.7
Cameroon0.3−2.5−0.23.5−16.7−3.912.87.5
Central African Republic−9.6−25.13.4−7.1−19.3−11.97.421.94.9
Chad−6.9−3.0−7.1−10.5−5.8−18.8−13.027.621.3
Congo1.7−1.9−13.720.812.3−23.9−36.215.119.9
Equatorial Guinea12.466.8−27.3−2.4−5.617.423.08.7−20.5
Gabon3.98.91.61.1−8.0−18.2−10.27.55.0
Zone10.20.81.6−2.0−3.2−10.7−7.512.68.2
Comoros4.78.214.4−8.5−3.9−10.2−6.32.42.6
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and imports for reexports. Weighted average using the corresponding imports value (f.o.b.) of the respective countries.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade and imports for reexports. Weighted average using the corresponding imports value (f.o.b.) of the respective countries.

Table 21.Trade Balance, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU10.41.40.6−0.32.04.62.64.84.2
Benin−8.3−7.6−7.7−8.8−9.3−13.7−4.39.4−4.2−4.4
Burkina Faso−10.0−8.6−9.7−10.2−11.4−15.9−10.35.5−9.6−9.4
Côte d’lvoire10.913.110.69.710.419.119.80.819.517.3
Mali−1.0−0.6−0.4−2.1−1.0−1.3−0.90.41.21.0
Niger−2.8−5.9−3.0−2.0−0.3−3.4−0.13.3−1.5−1.3
Senegal−5.7−4.7−5.3−6.1−6.8−7.8−6.01.8−5.2−4.8
Togo−4.6−7.1−3.7−4.9−2.7−3.11.44.51.73.3
CAEMC111.712.310.911.212.317.521.03.518.318.0
Cameroon5.03.75.35.15.712.412.70.311.611.0
Central African Republic−4.4−6.3−4.0−5.3−2.10.31.91.6−0.30.7
Chad−5.0−5.6−4.6−4.6−5.0−5.7−2.72.9−2.9−2.6
Congo25.331.222.525.322.323.934.610.729.833.9
Equatorial Guinea−14.9−10.8−42.1−6.716.5−4.0−20.51.816.0
Gabon27.031.225.324.726.932.341.28.937.134.8
Zone15.56.45.34.95.48.511.93.410.710.2
Comoros−11.7−11.3−10.2−14.0−11.1−16.9−15.90.9−14.3−14.3
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Unadjusted for intra-CFA franc zone/subzone trade.

Table 22.Intra-CFA Franc Zone Trade, in 1990–93 and 1994(In percent of total trade)
ExportsImports
1990–9319941990–931994
WAEMU
Benin8.02.85.53.6
Burkina Faso8.514.924.531.2
Côte d’lvoire17.617.61.71.7
Mali3.62.426.722.9
Niger3.39.210.312.9
Senegal14.019.49.89.7
Togo6.96.48.811.7
CAEMC
Cameroon9.516.33.58.2
Central African Republic0.30.66.54.7
Chad0.50.413.229.0
Congo0.14.75.6
Equatorial Guinea36.937.6
Gabon1.21.011.719.9
Comoros
Source: IMF, Direction of Trade Statistics Yearbook.
Source: IMF, Direction of Trade Statistics Yearbook.
Table 23.External Current Account, Excluding Official Transfers, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU−10.7−11.7−10.1−10.2−10.8−13.0−8.05.0−6.6−6.7
Benin−6.8−6.2−5.7−8.0−7.5−14.4−3.111.2−5.4−5.3
Burkina Faso−11.9−8.5−13.2−12.1−13.9−21.5−13.97.6−13.0−12.6
Côte d’lvoire−11.5−14.0−10.5−10.0−11.5−8.6−2.75.9−2.9−3.7
Mali−14.2−14.8−14.0−15.0−13.2−20.4−19.01.4−14.5−13.7
Niger−8.3−11.8−7.4−6.7−7.4−16.1−12.63.5−12.8−11.9
Senegal−9.5−9.1−9.1−9.6−10.2−11.0−9.21.9−7.7−7.3
Togo−10.2−13.1−9.0−10.4−8.4−13.7−8.25.66.44.1
CAEMC−7.3−6.9−7.1−7.8−7.5−11.5−4.17.4−5.0−4.6
Cameroon−6.5−6.9−5.9−6.8−6.1−9.5−3.65.9−3.4−2.6
Central African Republic−14.8−16.8−13.7−15.9−12.9−15.1−12.82.3−12.7−11.8
Chad−23.6−25.1−20.8−21.9−26.5−29.5−19.210.3−18.4−21.1
Congo−14.8−11.3−18.9−12.3−16.8−28.2−21.46.8−21.2−17.4
Equatorial Guinea−42.1−45.0−65.8−31.0−26.9−10.2−26.3−16.1−20.2−3.1
Gabon1.13.02.5−1.40.3−3.28.411.63.62.5
Zone−9.1−9.1−9.4−8.8−9.1−12.3−6.36.1−5.9−5.8
Comoros−18.3−21.5−17.3−20.8−13.7−20.1−16.53.6−14.3−13.4
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 24.External Current Account, Including Official Transfers, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU−5.8−6.7−4.9−5.4−6.0−6.8−2.14.7−2.8−3.1
Benin−0.51.0−0.4−1.8−0.7−4.62.46.90.5−0.2
Burkina Faso−1.9−0.3−3.4−0.7−3.3−5.4−2.72.6−3.7−5.8
Côte d’lvoire−10.3−12.6−9.1−9.4−10.0−7.7−2.45.3−2.2−2.9
Mali−4.0−5.6−1.7−4.0−4.7−8.0−4.43.6−5.1−4.7
Niger−1.9−4.4−0.7−1.9−0.9−9.3−5.83.4−8.5−7.4
Senegal−4.4−3.8−3.7−4.5−5.4−4.40.24.6−1.4−1.5
Togo−5.3−6.1−3.4−5.5−6.1−11.1−5.35.7−3.5−0.7
CAEMC−4.4−3.9−3.9−4.9−5.0−7.9−1.76.2−2.7−2.5
Cameroon−4.6−5.1−3.5−5.0−4.9−6.8−2.44.4−2.5−1.8
Central African Republic−5.2−8.7−3.5−5.4−3.3−6.7−2.34.4−2.8−2.4
Chad−7.5−7.7−5.3−6.4−10.5−12.0−4.27.8−3.8−7.4
Congo−12.9−9.0−16.4−10.8−15.2−25.1−20.94.2−19.6−16.4
Equatorial Guinea−11.5−9.4−34.52.1−4.311.2−11.6−22.8−0.712.7
Gabon1.43.42.7−1.20.6−2.78.911.64.02.9
Zone−5.2−5.4−4.4−5.2−5.6−7.3−1.95.3−2.8−2.9
Comoros−1.6−3.2−0.6−5.53.0−5.4−1.44.0−4.0−3.4
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 25.Terms of Trade, 1990–96(Annual percentage changes)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1−2.6−2.7−2.6−2.2−2.8−1.13.24.38.2−1.9
Benin1.640.5−15.3−17.7−1.2−8.23.311.527.3−13.6
Burkina Faso1.2−8.718.64.2−9.38.012.84.85.1−3.5
Côte d’lvoire−2.8−9.4−1.0−0.81.15.84.711.1−1.6
Mali−4.54.9−9.8−12.2−0.9−2.0−2.9−0.95.0−6.4
Niger−4.5−9.8−1.8−4.9−1.6−13.6−12.41.22.12.4
Senegal−3.4−4.5−9.02.8−2.85.15.1−1.1−1.6
Togo−3.54.1−2.9−4.3−10.9−6.7−3.92.813.617.1
CAEMC1−0.16.3−6.2−3.73.0−4.80.85.65.4−3.6
Cameroon−0.33.8−6.6−7.08.71.710.08.39.1−7.2
Central African Republic−1.6−3.0−12.72.86.6−9.03.312.319.4−2.8
Chad−5.3−5.90.1−6.4−8.90.70.2−0.54.9−1.5
Congo2.79.6−2.15.6−2.2−22.7−8.614.1−2.26.9
Equatorial Guinea4.92.08.911.5−2.85.65.70.10.3
Gabon0.315.4−7.8−2.9−3.5−8.7−13.3−4.6−2.2−1.4
Zone1−1.51.4−4.3−2.8−0.2−2.62.14.87.0−2.6
Comoros−5.2−2.7−10.93.3−10.4−8.7−17.9−9.2−4.20.7
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Average weighted by individual country GDP.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Average weighted by individual country GDP.

Table 26.Nominal and Real Effective Exchange Rates, 1991–94(Percentage changes)
Nominal Effective Exchange RatesReal Effective Exchange Rates1
199119921993Average 91–9319942199119921993Average 91–9319942
WAEMU33.28.76.86.2−45.6−4.60.8−2.6−2.1−32.4
Benin2.08.95.15.3−49.5−1.37.6−2.01.5−30.5
Burkina Faso−1.31.6−1.3−0.3−49.1−2.8−3.2−3.2−3.1−35.8
Côte d’lvoire8.417.314.913.5−40.5−2.85.0−2.3−34.5
Mali−1.11.41.20.5−49.6−3.5−7.4−2.1−4.3−35.0
Niger−1.61.40.50.1−49.3−12.7−6.0−3.5−7.4−30.3
Senegal0.83.52.02.1−48.6−6.9−1.0−2.4−3.4−30.2
Togo3.89.77.77.1−42.9−4.62.8−5.9−2.6−21.4
CAEMC33.58.76.76.3−44.4−1.0−5.4−6.3−4.3−26.2
Cameroon3.69.17.06.6−43.5−3.5−1.9−7.1−4.2−25.7
Central African Republic3.88.56.56.2−43.7−5.8−0.2−5.3−3.7−33.0
Chad−2.00.91.40.1−49.5−3.0−6.3−8.9−6.1−27.4
Congo−1.11.1−0.6−0.2−49.53.90.6−1.71.0−19.8
Equatorial Guinea2.710.216.09.6−43.2−8.8−4.210.2−0.9−29.7
Gabon6.212.810.09.7−43.03.2−15.7−7.0−6.5−28.1
Zone33.38.76.76.3−45.1−3.0−1.9−4.3−3.1−29.7
Comoros−0.14.81.22.0−27.4
Sources: Information Notice System (INS); and Fund staff estimates.

Based on relative CPIs.

Based on data for the fourth quarter.

Weighted by 1994 nominal GDP.

Sources: Information Notice System (INS); and Fund staff estimates.

Based on relative CPIs.

Based on data for the fourth quarter.

Weighted by 1994 nominal GDP.

Table 27.Stock of External Public Debt at End of 1994(In percent of GDP)
Official CreditorsPrivate CreditorsShort-Term DebtUse of IMF CreditTotalOf Which:
BilateralMultilateral1Rescheduled debt2Arrears3
WAEMU50.849.124.90.45.0130.326.426.9
Benin31.150.91.03.886.715.9
Burkina Faso30.552.82.585.88.51.1
Côte d’lvoire69.745.066.60.34.7186.344.766.0
Mali79.267.15.7152.014.5
Niger31.148.91.781.814.511.6
Senegal29.140.22.21.37.480.213.42.1
Togo51.869.38.4129.544.321.2
CAEMC77.327.613.61.61.6121.848.013.9
Cameroon73.623.810.33.30.6111.635.012.9
Central African Republic29.668.34.3102.225.35.8
Chad19.069.70.73.593.06.37.2
Congo161.937.163.21.2263.398.155.3
Equatorial Guinea103.375.90.515.7195.458.746.5
Gabon70.011.24.82.288.164.7
Zone62.539.619.91.03.5126.536.021.1
Comoros17.760.00.978.64.112.7
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.

Excluding IMF.

Debt already rescheduled.

Outstanding at end of 1994.

Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.

Excluding IMF.

Debt already rescheduled.

Outstanding at end of 1994.

Table 28.Recent Paris Club Debt Reschedulings for the CFA Franc Countries
Country1Date of AgreementAmount Consolidated (In millions of U.S. dollars)Consolidation PeriodFund ArrangementType of Debt Consolidated2Terms3Goodwill Clause4Comments5
Start dateEnd dateLength (Months)(Period)Current MaturitiesPreviously rescheduled debt
Benin III06/21/932508/01/9312/31/9529ESAF (1993–96)PIIEnhanced concessionsStockEnhanced PRD excluded; Toronto PRD on LMIC terms
Burkina Faso II05/07/933604/01/9312/31/9533ESAF (1993–96)PIALEnhanced concessionsYes/StockToronto PRD excluded
Cameroon III03/25/941,25904/01/9409/30/9518SBA(1994–95)PIALPIALEnhanced concessionsYes/StockArrears rescheduled on LMIC terms
Central African Republic VI04/12/943004/01/9403/31/9512SBA (1994–95)PIALPIALEnhanced concessionsYes/StockToronto PRD rescheduled standard terms
Chad I610/24/893810/01/8912/31/9015SAFIN (1990)PIALToronto termsNoFew creditors
Congo III06/30/941,22707/01/9405/31/9511SBA (1994–95)PIALPIALStandard LMICYesPCOD arrears deferred within consolidation period
Côte d’lvoireV03/23/941,84903/01/9403/31/9737ESAF (1994–97)PIALPIALEnhanced concessionsYes/StockPCOD arrears deferred within consolidation period
Equatorial Guinea IV12/15/945106/01/9402/28/9621ESAF (1993–96)PIAPIAEnhanced concessionsStockTerms of reference Trigger clause, 6/1/95
Gabon VI04/15/941,36004/01/9403/31/9512SBA (1994–95)PIALPIALGraduated LMICYesExcluded 1991 PRD. PCOD arrears deferred
Mali III10/29/922110/01/9208/31/9535ESAF (1992–95)PIA PIAPartialEnhanced concessionsYes/StockPRD included only for short-term amounts
Niger VIII03/04/9416001/01/9403/31/9515SBA (1994–95)PIALPIALEnhanced concessionsYes/StockToronto PRD standard terms
Senegal X03/03/9424001/01/9403/31/9515SBA (1994–95)PIALPIALEnhanced concessionsYes/StockToronto PRD standard terms; PCOD arrears deferred within consolidation period
Togo X02/23/9524601/31/9509/30/9732ESAF (1994–97)PIALPIEnhanced concessionsYes/StockTopping up to 67 percent NPV for arrears of Toronto PRD; current maturities of Toronto PRD reprofiled non-concessionally (23 years/6 years grace); Paris Club X arrears on amounts deferred graduated repayment (10 years/2 years grace).
Source: Agreed minutes of Paris Club debt reschedulings.

The roman numeral indicates the rank number of the last Paris Club rescheduling obtained by the country.

Refers to medium- and long-term debt; P = Principal; I = Interest; A = Arrears; L = Late Interest.

Enhanced concessions (received by most low-income countries since 1991) include three options that have in common that the net present value of the debt service on commercial debt is reduced by 50 percent; and one option that provides for longer maturities but no reductions in the net present value.

The goodwill clause provides for the possibility of a new (flow) rescheduling after the current consolidation period (“Yes”) or for a consideration of the stock of debt after a period of three years (“Stock”).

PRD = Previously Rescheduled Debt; LMIC = Lower Middle-Income Countries; PCOD = pre-cutoff date.

Chad is currently seeking rescheduling on a bilateral basis.

Source: Agreed minutes of Paris Club debt reschedulings.

The roman numeral indicates the rank number of the last Paris Club rescheduling obtained by the country.

Refers to medium- and long-term debt; P = Principal; I = Interest; A = Arrears; L = Late Interest.

Enhanced concessions (received by most low-income countries since 1991) include three options that have in common that the net present value of the debt service on commercial debt is reduced by 50 percent; and one option that provides for longer maturities but no reductions in the net present value.

The goodwill clause provides for the possibility of a new (flow) rescheduling after the current consolidation period (“Yes”) or for a consideration of the stock of debt after a period of three years (“Stock”).

PRD = Previously Rescheduled Debt; LMIC = Lower Middle-Income Countries; PCOD = pre-cutoff date.

Chad is currently seeking rescheduling on a bilateral basis.

Table 29.Total Scheduled Public Debt Service, 1990–96(In percent of exports of goods and nonfactor services)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU39.340.139.239.438.632.632.70.129.925.7
Benin21.919.814.135.018.618.420.11.717.916.9
Of which: bilateral16.912.610.030.614.513.714.50.812.010.7
multilateral4.66.43.94.24.04.45.10.75.45.7
IMF0.30.80.10.20.10.30.40.10.60.6
Burkina Faso17.215.614.417.021.820.218.2−2.019.218.8
Of which: bilateral7.18.27.6
multilateral10.910.810.8
IMF0.20.20.4
Côte d’lvoire52.254.954.051.049.038.237.5−0.735.729.0
Of which: bilateral34.740.135.232.531.219.719.80.120.814.8
multilateral13.07.314.414.815.515.915.1−0.812.613.0
IMF3.54.43.73.72.22.52.52.31.2
Mali40.942.636.644.140.238.340.52.232.629.9
Of which: bilateral31.131.727.634.830.229.029.80.822.920.2
multilateral6.45.35.86.97.56.78.01.36.66.6
IMF3.45.63.12.42.52.62.70.11.61.7
Niger35.837.336.330.938.743.042.3−0.735.134.6
Of which: bilateral19.823.94.118.115.9
multilateral16.511.4−5.111.411.3
IMF3.84.03.73.53.84.54.60.14.14.4
Senegal26.730.927.624.324.022.522.3−0.220.119.3
Of which: bilateral9.311.11.88.37.5
multilateral6.86.3−0.56.66.0
IMF3.94.94.43.72.52.42.50.12.93.1
Togo21.020.824.938.235.939.43.526.721.3
Of which: bilateral14.214.915.726.119.720.71.012.110.0
multilateral2.62.73.34.25.05.10.14.84.2
IMF2.02.42.92.92.62.4−0.23.42.9
CAEMC28.722.729.033.229.837.328.5−8.837.931.3
Cameroon31.820.531.239.535.934.029.0−5.038.632.2
Of which: bilateral16.96.919.123.617.918.616.4−2.221.421.4
multilateral7.24.67.09.57.66.65.9−0.77.87.9
IMF1.50.60.51.63.50.80.7−0.10.30.4
Central African Republic23.422.622.125.923.026.822.6−4.225.119.7
Of which: bilateral9.311.314.411.514.612.9−1.714.69.3
multilateral7.08.29.89.78.26.8−1.47.26.9
IMF2.64.52.61.61.84.02.9−1.13.43.4
Chad10.37.78.211.213.914.113.8−0.334.111.9
Of which: bilateral4.82.85.15.65.86.05.9−0.129.88.1
multilateral5.34.93.25.67.48.18.0−0.14.23.8
IMF0.71.90.71.11.12.42.4
Congo38.832.140.942.739.560.550.7−9.862.349.9
Of which: bilateral36.833.733.834.91.138.933.9
multilateral5.05.26.45.9−0.58.05.2
IMF0.30.10.40.3−0.10.40.2
Equatorial Guinea45.341.454.644.840.636.935.9−0.927.018.1
Of which: bilateral34.823.344.537.034.328.928.4−0.520.612.7
multilateral8.312.18.47.15.74.65.20.65.03.9
IMF2.26.01.70.60.61.52.00.51.51.4
Gabon22.720.723.125.121.931.820.6−11.229.524.8
Of which: bilateral19.618.220.021.618.727.617.9−9.725.422.3
multilateral1.91.71.92.01.82.61.7−0.92.12.0
IMF1.20.71.21.51.41.51.0−0.51.90.5
Zone34.031.334.236.434.234.730.6−4.133.828.4
Comoros24.134.023.021.318.116.225.99.725.222.4
Of which: bilateral9.214.410.16.36.03.610.97.37.66.6
multilateral14.919.612.915.012.112.714.92.217.615.8
IMF
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 30.Total Scheduled External Public Debt Service, 1990–96(In percent of total government revenue)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU57.957.557.156.360.673.472.4−1.163.353.1
Benin43.543.529.668.332.447.342.7−4.635.433.1
Of which: bilateral33.427.721.159.725.235.130.9−4.223.620.9
multilateral9.414.08.38.26.911.310.9−0.410.611.1
IMF0.71.80.20.40.30.90.90.11.21.1
Burkina Faso17.117.113.118.020.436.028.2−7.830.526.9
Of which: bilateral11.013.010.9
multilateral16.917.215.5
IMF0.30.20.6
Côte d’lvoire82.784.283.576.786.290.083.5−6.580.565.9
Of which: bilateral54.961.554.548.954.946.544.2−2.347.033.6
multilateral20.811.222.322.327.337.633.7−3.828.429.6
IMF5.56.85.85.64.05.95.6−0.45.22.8
Mali43.741.940.047.645.470.867.8−3.055.146.4
Of which: bilateral33.231.230.237.534.153.649.9−0.838.831.4
multilateral6.95.26.47.48.512.313.51.111.210.2
IMF3.65.53.42.62.84.94.5−0.42.82.7
Niger63.961.672.853.367.885.5116.631.172.156.7
Of which: bilateral39.365.826.537.326.1
multilateral32.831.5−1.323.418.5
IMF6.76.67.46.16.78.912.63.88.37.2
Senegal35.140.634.531.234.248.656.78.144.342.0
Of which: bilateral20.228.28.018.416.4
multilateral14.716.01.314.513.1
IMF5.16.45.64.83.65.36.31.16.56.8
Togo55.439.941.385.1104.199.4−4.653.742.8
Of which: bilateral28.526.258.157.152.3−4.824.320.0
multilateral5.25.59.514.413.0−1.49.68.5
IMF4.54.86.47.46.0−1.46.75.9
CAEMC49.841.047.252.758.181.585.64.188.269.3
Cameroon44.228.741.646.859.771.6100.729.085.664.7
Of which: bilateral23.29.625.527.929.739.257.017.847.642.9
multilateral9.96.59.311.312.713.920.66.717.315.8
IMF2.30.80.61.95.81.82.50.70.60.9
Central African Republic34.231.330.333.541.557.565.58.053.839.8
Of which: bilateral13.715.418.720.831.337.36.031.318.9
multilateral10.411.312.817.617.719.82.115.313.9
IMF3.86.33.62.13.28.58.5−0.17.26.8
Chad19.515.516.119.726.533.351.117.7107.236.2
Of which: bilateral9.15.79.99.911.014.121.67.593.924.7
multilateral10.09.86.29.914.119.229.410.213.311.4
IMF1.33.81.42.53.91.47.47.4
Congo77.963.772.781.493.7148.5133.7−14.8165.2134.3
Of which: bilateral70.379.883.192.19.0103.391.3
multilateral9.512.415.815.5−0.321.114.0
IMF1.00.60.21.00.8−0.21.10.5
Equatorial Guinea75.863.284.478.477.2107.1100.8−6.280.750.3
Of which: bilateral58.635.568.864.865.284.079.7−4.361.535.5
multilateral13.718.413.012.510.913.514.61.214.811.0
IMF3.59.22.61.11.14.55.71.24.43.9
Gabon47.648.744.951.145.967.157.4−9.766.853.8
Of which: bilateral41.243.038.943.839.258.349.9−8.357.648.4
multilateral3.94.13.74.23.75.54.8−0.84.84.3
IMF2.51.72.33.13.03.32.7−0.64.31.2
Zone54.250.152.554.659.577.178.11.074.760.6
Comoros27.828.233.025.224.822.440.518.236.832.5
Of which: bilateral10.512.014.47.58.34.917.112.211.19.6
multilateral17.316.218.617.816.517.523.45.925.722.9
IMF
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 31.Total Government Revenue, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU17.318.617.817.115.416.615.9−0.716.316.5
Benin11.69.911.512.212.913.212.5−0.712.612.9
Burkina Faso12.512.313.311.812.611.511.0−0.510.711.2
Côte d’lvoire21.823.421.922.319.622.422.522.221.7
Mali15.317.216.313.713.913.213.40.213.514.4
Niger8.610.38.58.27.38.96.2−2.77.79.7
Senegal18.419.419.818.216.116.114.0−2.115.315.4
Togo16.622.517.316.210.111.811.90.214.814.9
CAEMC17.417.418.317.915.818.915.1−3.717.818.6
Cameroon14.914.915.816.312.715.89.5−6.413.314.2
Central African Republic9.410.99.69.28.09.87.3−2.59.110.0
Chad9.59.99.39.09.79.56.3−3.29.09.8
Congo23.327.025.322.518.427.524.7−2.923.425.3
Equatorial Guinea20.921.120.921.020.823.019.5−3.618.519.3
Gabon23.121.524.323.123.324.225.31.029.029.2
Zone17.318.118.017.515.617.615.5−2.117.017.4
Comoros15.717.614.215.515.418.012.6−5.415.415.7
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding grants.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding grants.
Table 32.Total Government Tax Revenue, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU14.114.814.914.112.814.113.2−0.913.614.0
Benin9.88.79.410.310.911.710.8−0.910.510.3
Burkina Faso9.510.210.18.79.110.510.1−0.410.09.5
Côte d’lvoire18.219.218.618.616.418.318.1−0.217.717.9
Mali10.99.812.310.611.111.09.9−1.110.811.8
Niger7.17.97.06.76.68.25.6−2.67.08.9
Senegal15.415.617.015.313.914.112.4−1.613.314.1
Togo13.518.515.112.38.110.811.10.312.713.2
CAEMC16.316.717.316.614.717.614.2−3.317.017.4
Cameroon13.714.214.614.611.614.48.6−5.812.313.0
Central African Republic8.510.48.68.26.89.16.3−2.88.29.0
Chad7.99.57.47.37.58.25.7−2.57.58.3
Congo22.826.424.822.118.026.624.2−2.522.624.6
Equatorial Guine a13.914.213.614.014.013.113.0−0.212.112.6
Gabon22.220.623.722.322.323.324.31.028.728.1
Zone15.115.716.015.213.615.613.7−1.915.015.5
Comoros12.512.311.113.313.416.011.1−4.813.613.9
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 33.Domestic Tax Revenue, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU9.910.410.110.09.18.08.20.28.28.7
Benin8.17.27.78.69.19.99.1−0.88.88.6
Burkina Faso6.16.66.35.76.06.05.9−0.15.96.1
Côte d’lvoire14.414.914.115.213.310.811.50.611.011.6
Mali6.77.07.26.26.35.75.90.26.16.8
Niger3.73.93.73.83.54.12.9−1.23.34.5
Senegal18.78.89.68.47.96.66.76.87.4
Togo9.513.210.68.55.76.37.31.08.48.9
CAEMC13.113.714.013.211.413.211.6−1.513.413.6
Cameroon11.412.112.211.99.310.86.9−3.99.810.2
Central African Republic5.06.04.95.04.14.63.9−0.75.05.8
Chad6.37.16.05.96.26.34.4−1.95.45.9
Congo18.222.020.417.313.019.120.91.817.419.9
Equatorial Guinea27.87.57.38.38.15.05.50.54.94.9
Gabon17.716.718.617.917.618.420.21.823.522.1
Zone11.311.911.911.410.110.29.7−0.510.510.9
Comoros4.25.04.54.13.13.93.0−0.94.54.5
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Including VAT turnover tax on imports unless otherwise indicated.

Excluding VAT on imports for which no data are available.

Including petroleum taxes.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Including VAT turnover tax on imports unless otherwise indicated.

Excluding VAT on imports for which no data are available.

Including petroleum taxes.

Table 34.Tax on International Trade, 1990–96(In percent of GDP)
Tax on ExportsTax on Imports1
1990–93 Average199019911992199319941995 Program/Projections1996 Projections1990–93 Average199019911992199319941995 Program/Projections1996 Projections
Original programProvisionalDeviationOriginal programProvisionalDeviation
WAEMU0.20.20.20.10.22.01.5−0.51.61.44.14.24.63.93.64.13.6−0.53.74.0
Benin0.10.10.10.10.10.1−0.11.61.41.51.61.81.71.6−0.11.71.7
Burkina Faso0.10.10.10.10.13.23.33.62.93.04.64.1−0.54.14.5
Côte d’lvoire0.30.30.30.20.25.13.7−1.34.23.63.63.94.23.32.92.42.90.52.42.7
Mali4.22.84.94.44.85.34.0−1.34.75.1
Niger0.70.90.60.50.71.10.7−0.41.01.22.43.02.42.12.23.02.0−1.02.83.3
Senegal—-6.86.77.56.96.07.45.8−1.66.56.7
Togo0.80.7−0.10.70.44.05.34.53.72.43.43.1−0.33.63.9
CAEMC0.20.20.20.10.20.50.50.70.73.12.83.23.33.03.92.1−1.82.72.9
Cameroon0.10.10.10.10.10.50.50.70.82.32.02.32.72.13.11.2−1.91.92.0
Central African Republic0.50.60.60.50.41.30.6−0.70.80.73.03.83.12.72.33,21.8−1.42.52.5
Chad0.10.10.10.10.20.20.21.52.31.31.31.21.91.1−0.82.02.3
Congo4.64.44.44.85.07.53.3−4.25.25.0
Equatorial
Guinea2.02.51.91.72.03.13.80.73.73.64.24.44.14.04.14.93.6−1.33.34.1
Gabon0.30.20.30.10.40.70.6−0.11.00.94.33.74.84.44.24.23.5−0.73.54.3
Zone0.20.20.20.10.21.41.0−0.41.21.13.63.53.93.63.34.02.9−1.13.33.5
Comoros1.11.40.71.21.11.90.9−1.00.90.97.46.05.98.79.210.17.3−2.88.38.5
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Excluding VAT turnover tax on imports, Senegal excepted.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

Excluding VAT turnover tax on imports, Senegal excepted.

Table 35.Total Government Expenditure, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU26.427.226.926.325.327.424.8−2.623.422.3
Benin19.119.918.720.217.624.119.3−4.820.219.3
Burkina Faso21.219.621.520.922.927.822.0−5.820.519.9
Côte d’lvoire35.336.535.835.233.533.331.1−2.228.726.7
Mali25.725.828.624.923.528.226.8−1.425.924.7
Niger18.322.716.916.816.823.317.1−6.217.918.1
Senegal20.519.120.922.020.219.819.7−0.117.917.7
Togo25.228.725.322.124.626.424.2−2.222.520.8
CAEMC26.425.826.427.326.228.522.7−5.822.021.1
Cameroon22.522.922.823.221.122.917.1−5.815.914.8
Central African Republic24.122.726.924.722.023.522.4−1.121.320.6
Chad27.933.123.227.427.928.525.8−2.724.324.4
Congo38.534.339.641.438.646.137.5−8.633.433.4
Equatorial Guinea54.555.354.154.554.248.335.6−12.740.532.3
Gabon27.926.427.128.429.530.926.1−4.829.027.7
Zone26.426.526.726.825.727.823.9−3.922.821.8
Comoros32.534.233.435.027.634.633.9−0.728.126.4
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 36.Basic Primary Expenditure, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU17.618.317.517.517.115.615.3−0.314.213.4
Benin11.011.211.011.010.812.610.2−2.410.810.4
Burkina Faso13.614.013.912.014.514.314.50.211.411.1
Côte d’lvoire22.924.622.422.722.019.019.30.318.016.9
Mali15.917.217.214.914.113.813.4−0.412.712.0
Niger11.012.39.910.611.012.410.7−1.710.910.1
Senegal16.114.516.417.715.613.013.011.711.5
Togo18.618.818.117.320.118.617.0−1.615.614.0
CAEMC17.816.717.519.018.114.612.5−2.111.510.7
Cameroon15.415.915.216.214.39.98.1−1.87.26.8
Central African Republic13.213.013.813.812.19.810.81.08.68.6
Chad16.214.514.918.716.913.911.0−2.910.710.9
Congo27.320.128.831.129.125.722.2−3.519.415.8
Equatorial Guinea17.817.215.816.721.413.110.1−3.011.512.2
Gabon19.317.918.020.121.219.017.3−1.717.917.0
Zone17.717.517.518.217.515.214.0−1.213.012.2
Comoros18.619.620.219.015.616.517.00.514.314.4
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding interest payments due on domestic and foreign debt, foreign-financed investment, and net lending, but including domestically financed investment.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding interest payments due on domestic and foreign debt, foreign-financed investment, and net lending, but including domestically financed investment.
Table 37.Government Wage Bill, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU9.09.29.18.98.97.07.10.16.46.1
Benin6.87.27.06.96.35.65.4−0.24.95.0
Burkina Faso6.97.66.96.46.65.55.60.15.24.8
Côte d’lvoire12.112.611.811.911.98.98.7−0.27.87.3
Mali5.85.76.35.65.44.34.34.13.8
Niger6.05.45.96.36.45.25.50.35.35.0
Senegal8.58.38.78.68.36.66.90.36.56.1
Togo9.18.29.28.610.29.59.0−0.57.77.4
CAEMC9.68.79.810.39.87.36.5−0.85.85.4
Cameroon9.18.99.49.78.45.84.4−1.43.83.5
Central African Republic6.56.0676.76.54.65.30.74.34.0
Chad6.46.45.85.87.65.55.60.15.25.0
Congo15.710.416.917.417.914.514.2−0.311.810.0
Equatorial Guinea6.06.16.36.05.94.34.0−0.33.73.5
Gabon9.28.58.79.99.97.97.8−0.17.87.6
Zone9.39.09.49.59.37.16.8−0.36.15.8
Comoros9.710.210.59.48.68.47.8−0.67.67.4
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 38.Government Wage Bill, 1991–96(Annual percentage changes)
1994
1991–93 Average199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU−0.9−1.10.1−1.710.19.9−0.24.72.8
Benin1.32.85.1−3.816.221.25.010.59.3
Burkina Faso−2.9−5.4−5.92.611.311.50.26.02.1
Côte d’lvoire−2.5−6.50.7−1.76.14.3−1.82.81.5
Mali2.511.0−2.1−1.410.08.8−1.27.92.1
Niger3.25.40.53.69.916.66.76.61.6
Senegal0.84.22.7−4.512.612.5−0.15.81.6
Togo2.215.1−8.1−0.325.727.82.13.011.0
CAEMC2.311.33.1−7.6−7.5−8.8−1.3−1.11.6
Cameroon−5.61.10.5−18.3−19.1−27.0−7.90.70.6
Central African Republic−1.05.9−3.2−5.711.711.7−3.52.8
Chad3.6−2.01.011.810.110.16.04.5
Congo22.863.73.80.8−10.4−3.76.7−16.0
Equatorial Guinea5.74.58.74.011.5−3.8−15.38.03.7
Gabon6.15.29.53.710.010.07.93.0
Zone0.54.51.5−4.51.91.1−0.82.32.3
Comoros−3.35.9−9.7−6.29.813.13.32.94.2
Table 39.Adjustments in Civil Service Wage Bill, 1993–95
199319941995
Nominal salaryAllowances or other remuneration1Net change in civil service employmentNominal salaryAllowances or other remuneration1Net change in civil service employmentNominal SalaryAllowances or other remuneration1Net change in civil service employment
WAEMU
BeninUnchanged.Unchanged.−2,338 excluding military.+ 10%Restoration of the 10% housing allowance suspended in 1989; raises related to past promotions.−688 excluding military.Unchanged.Increase in family allowance; expansion of housing allowance.−223 until end of May, excluding military.
Burkina FasoUnchanged.Unchanged.1,362 (+4%) excluding military.+4–11% varying according to grade, effective 4/94.+1.7%, mainly effect of wage drift.3,327 (+9.3%) excluding military.Unchanged.Unchanged, through freezing of promotions.800 (+2.1%), including +900 in education and health, excluding military.
Côte d’lvoireUnchanged.Unchanged.−2,700, including +700 in education and health, excluding military.+ 10% effective 2/94 from 5% (highest wages) to 15% (lowest wages).Unchanged.−3,600, including +600 in education and health, excluding military.+5.5% effective 5/95 from 1%(highest wages) to 13% (lowest wages).Unchanged.−2,900, including +2,400 in education and health, excluding military.
MaliUnchanged.Unchanged.1,977 (–5.2%) excluding military.+ 10% effective 4/94 and +5% effective 10/94.Unchanged.3,336 (–9%) excluding military.Unchanged.Unchanged.
Niger−13.1% effective 8/93.Unchanged.120 (–0.3%) excluding military.+15% effective 1/94 and+8% effective 4/94.Unchanged.1,202 (+3%) excluding military.Unchanged.Unchanged.Some reduction programmed but magnitude not specified yet.
Senegal−15% effective 9/93.−15% effective9/93.1,766 (+2.7%) excluding military.+ 15% effective 01/94,+ 10% effective 4/94.+15% effective 01/94.360 (–0.5%) excluding military.Unchanged.Unchanged.
TogoUnchanged. But payment reduced because of civil service strikes.Unchanged.−91 excluding military.Unchanged.Retroactive promotion that had been deferred in 1993 because of strikes.+296Unchanged.+4% resulting from the elimination of the national solidarity tax.Study of possible overstaffing; recommendations expected by end. 1995.
CAEMC
Cameroon−15% effective 1/93 and–30% effective 11/93.Unchanged.−5,800 including military.Unchanged.Unchanged.−3,400 including military.Unchanged.Unchanged.−6,000 projected.
Central African Republic−14% effective 5/93.Unchanged.+ 18% effective 3/94.Unchanged.−299 including military.Unchanged.Unchanged.−657
ChadUnchanged.Unchanged.+10% effective 6/94, offsetting the reduction by 10% in 1992.Family allowances not paid.−500 (including increase in education (280) and health (90) but excluding military).General increase by 10%, effective95.Family allowances not paid.Unchanged. Hirings in education and health sectors offset by retirements.
CongoUnchanged.Unchanged.−1,200 including military.Unchanged.Unchanged.−6,900−12.5% excluding military, teachers, & diplomats, 15% except wages below CFAF 50,000.−30% on about 50% of benefits.−1,000
Equatorial GuineaUnchanged.Unchanged.+14% effective 6/94.Unchanged.−380 excluding military.Unchanged.Severance pay equal to 80% salary indefinitely.Unchanged, excluding military.
GabonUnchanged.Unchanged.−329 including military (42).+8.5% effective 4/94.Unchanged.+1,520 including military (78).Unchanged.Unchanged.+380 including military (300) as of 5/95.

All nonbase salary remuneration.

All nonbase salary remuneration.

Table 40.Government Investment Expenditure, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU4.94.75.05.14.77.15.9−1.26.46.7
Benin4.95.45.34.24.79.26.4−2.87.67.4
Burkina Faso7.45.67.18.98.012.37.0−5.38.38.6
Côte d’lvoire3.22.83.23.33.45.25.25.45.8
Mali9.39.210.38.99.013.212.3−0.912.612.5
Niger5.88.95.44.74.38.24.2−4.04.95.6
Senegal4.22.94.65.14.14.94.6−0.34.85.1
Togo4.37.24.53.52.23.02.2−0.83.84.7
CAEMC5.16.14.84.54.96.53.9−2.64.64.9
Cameroon4.35.64.23.73.93.31.7−1.62.02.3
Central African Republic9.69.410.29.99.011.510.1−1.411.311.0
Chad10.818.27.57.99.913.813.3−0.512.312.1
Congo1.52.70.90.81.78.03.1−4.92.74.8
Equatorial Guinea31.835.033.232.126.928.719.0−9.726.018.7
Gabon5.34.65.55.55.77.64.6−3.06.66.7
Zone5.05.34.94.84.86.95.0−1.95.65.9
Comoros8.26.36.912.27.59.49.3−0.16.35.7
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding net lending.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding net lending.
Table 41.Public Investment Financed by Internal Resources, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU1.41.11.41.81.41.61.61.61.7
Benin0.30.20.30.30.51.20.5−0.70.91.3
Burkina Faso1.11.10.81.51.11.00.9−0.10.91.4
Côte d’lvoire1.81.61.82.31.72.32.70.42.62.5
Mali0.80.70.70.71.21.31.2−0.11.31.4
Niger0.40.90.30.20.20.40.2−0.20.20.3
Senegal2.00.82.42.91.81.71.2−0.51.41.8
Togo1.10.70.51.51.60.40.60.20.70.5
CAEMC2.01.71.52.12.71.51.3−0.21.31.3
Cameroon2.01.81.42.02.70.50.3−0.20.40.5
Central African Republic1.82.12.21.51.51.61.2−0.41.21.5
Chad0.30.20.20.30.40.90.2−0.70.30.7
Congo0.70.20.10.81.70.82.21.4
Equatorial Guinea2.23.31.91.91.61.81.1−0.71.81.7
Gabon3.02.32.43.63.83.33.2−0.13.93.6
Zone1.71.31.41.91.91.51.51.51.6
Comoros1.41.20.91.91.50.80.7−0.10.70.7
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.
Table 42.Basic Primary Balance, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU−0.30.40.3−0.4−1.61.00.6−0.42.13.1
Benin0.7−1.30.51.32.20.72.31.61.92.5
Burkina Faso−1.1−1.6−0.5−0.3−1.9−2.8−3.5−0.7−0.70.1
Côte d’Ivoire−1.1−1.2−0.5−0.4−2.43.53.2−0.34.14.9
Mali−0.6−0.9−1.3−0.3−0.6−0.10.50.82.4
Niger−2.4−2.1−1.4−2.4−3.7−3.4−4.5−1.1−3.2−0.4
Senegal2.34.93.50.50.53.11.0−2.13.63.8
Togo−2.03.7−0.8−1.0−10.0−6.7−5.11.6−0.90.9
CAEMC−0.50.80.7−1.1−2.24.72.7−2.06.37.7
Cameroon−0.5−1.00.60.1−1.65.91.4−4.56.17.4
Central African Republic−4.5−2.1−6.9−4.8−4.1−3.5−3.50.51.3
Chad−6.8−4.6−5.6−9.8−7.1−4.4−4.7−0.3−1.8−1.1
Congo−4.06.9−3.5−8.6−10.71.82.50.73.99.5
Equatorial Guinea3.64.25.24.30.710.09.3−0.77.17.1
Gabon3.83.66.33.02.16.98.01.111.111.4
Zone−0.40.60.5−0.7−1.92.61.5−1.14.05.1
Comoros−2.9−2.0−6.0−3.5−0.31.5−4.4−5.91.11.3
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding grants, interest payments on domestic and foreign debt, foreign-financed investment, and net lending, but including domestically financed investment.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Excluding grants, interest payments on domestic and foreign debt, foreign-financed investment, and net lending, but including domestically financed investment.
Table 43.Overall Fiscal Balance, 1990–96(In percent of GDP)
1994
1990–93 Average1990199119921993Original programProvisionalDeviation1995 Program/Projections1996 Projections
WAEMU−6.8−6.2−6.8−6.8−7.5−7.5−5.71.8−4.3−4.6
Benin−3.2−4.1−3.9−3.8−0.8−3.3−2.21.1−2.5−2.0
Burkina Faso−4.0−4.6−3.6−2.9−4.9−6.4−3.72.7−3.9−5.0
Côte d’lvoire−13.3−13.1−13.9−12.9−13.3−10.1−7.82.3−5.5−4.0
Mali−3.7−2.7−3.9−3.9−4.1−9.2−8.11.1−7.1−5.2
Niger−4.8−7.0−3.6−4.7−3.8−9.0−6.72.3−6.2−5.2
Senegal−0.82.00.2−2.5−3.0−2.4−1.80.6−1.1−1.2
Togo−6.9−2.9−6.5−4.1−14.2−13.5−9.44.1−4.6−4.0
CAEMC−7.9−7.0−6.7−8.5−9.3−7.0−6.40.6−2.8−1.1
Cameroon−7.4−8.0−6.3−6.9−8.4−4.7−7.4−2.7−2.3−0.1
Central African Republic−8.4−7.0−11.5−8.4−6.6−4.8−8.0−3.2−6.2−5.3
Chad−9.4−8.2−6.8−11.7−11.1−11.1−11.6−0.5−8.1−7.8
Congo−15.1−7.0−14.1−19.0−20.1−17.3−12.64.7−8.9−7.1
Equatorial Guinea−10.8−6.1−5.4−16.9−14.7−5.6−2.53.1−2.92.7
Gabon−4.5−4.5−2.5−5.2−5.9−6.2−0.45.80.41.9
Zone−7.3−6.6−6.8−7.6−8.3−7.3−6.01.3−3.7−2.5
Comoros−1.2−1.1−2.6−4.23.0−4.0−6.7−2.7−3.3−1.0
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Including grants.
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Including grants.
Table 44.Monetary Survey, 1993(Annual changes in percent of beginning-of-period money stock, except velocity)
Domestic Credit
Net Foreign AssetsNet Domestic AssetsTotalNet central governmentBroad MoneyVelocity1
WAEMU20.9−3.5−4.1−1.1−2.63.7
Benin5.80.11.6−1.65.94.0
Burkina Faso9.8−1.7−2.13.58.14.3
Côte d’lvoire2.7−7.10.728.8−4.43.5
Mali56.2−47.898.928.58.44.4
Niger−3.23.0−24.3−7.1−0.15.1
Senegal−8.0−4.5−3.2−6.6−12.64.7
Togo−20.75.9−9.15.1−14.92.2
CAEMC2−3.9−5.9−8.43.5−9.85.8
Cameroon−9.81.1−3.96.0−8.85.4
Central African Republic13.4−0.6−13.12.612.96.1
Chad−23.21.611.521.2−21.66.3
Congo0.5−5.119.910.3−4.64.1
Equatorial Guinea−26.136.068.669.99.912.6
Gabon−14.012.340.040.2−1.84.4
Comoros21.3−17.9−12.9−10.43.44.2
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Actual.

GDP/end of year broad money.

Definition BCEAO or BEAC.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.Note: Actual.

GDP/end of year broad money.

Definition BCEAO or BEAC.

Table 45.Monetary Survey, 1994(Annual changes in percent of beginning-of-pehod money stock, except velocity)
Domestic Credit
Net Foreign AssetsNet Domestic AssetsTotalNet central governmentBroad money (M2)Velocity1
Original programProvisionalDeviationOriginal programProvisionalDeviationOriginal programProvisionalDeviationOriginal programProvisionalDeviationOriginal programProvisionalDeviationOriginal programProvisionalDeviation
WAEMU233.07.26.12.240.23.7
Benin17.550.933.412.0−8.3−20.312.16.8−5.3−2.8−5.7−2.929.542.613.14.84.1−0.7
Burkina Faso11.226.715.59.62.9−6.716.3−2.1−18.42.56.23.720.829.68.84.64.3−0.3
Côte d’lvoire24.465.841.410.9−18.4−29.38.3−5.5−13.8−11.3−15.3−4.035.147.412.33.93.5−0.4
Mali24.831.06.212.06.7−5.312.07.7−4.30.5−0.4−0.936.837.70.94.54.4−0.1
Niger21.317.1−4.25.77.92.231.231.218.220.82.627.025.0−2.05.65.70.1
Senegal12.946.133.221.3−6.6−27.924.4−5.1−29.5−3.1−13.3−10.234.239.25.05.34.6−0.7
Togo8.022.214.223.06.1−16.923.910.8−13.110.111.31.231.028.4−2.63.03.30.3
CAEMC224.48.311.610.832.86.0
Cameroon−9.323.933.230.54.2−26.330.51.5−29.06.72.1−4.621.228.16.96.16.70.6
Central African Republic5.566.460.919.012.0−7.025.511.6−13.910.96.0−4.924.578.554.06.44.9−1.5
Chad−2.831.334.129.00.2−28.829.014.8−14.214.28.1−6.126.231.55.36.17.11.0
Congo4.813.89.07.914.46.57.9−1.2−9.1−4.8−6.8−2.012.528.215.74.64.2−0.4
Equatorial
Guinea26.051.425.412.989.076.16.152.045.9−22.336.358.638.9140.3101.413.08.1−4.9
Gabon10.150.840.79.7−14.1−23.89.1−6.0−15.1−8.8−4.84.019.836.716.94.63.7−0.9
Comoros41.426.7−14.7−22.4−21.31.19.410.30.9−1.85.47.219.05.4−13.64.24.90.7
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

GDP/end-of-year broad money.

Definition BCEAO or BEAC.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

GDP/end-of-year broad money.

Definition BCEAO or BEAC.

Table 46.Interest Rate Structure, 1989–95(In percent per year, end of period)
198919901991199219931/14/946/9412/943/956/95
Central Bank interest rates
Money market rate1WAEMU10.97510.97510.8512.17.359.258.05.55.55.5
CAEMC10.011.010.7512.011.514.012.57.758.08.75
Repo rate1WAEMU8.7512.7510.257.07.06.5
CAEMC29.2510.010.5
Penalty rate3WAEMU11.011.011.012.510.514.512.010.09.08.5
CAEMC16.016.016.016.018.022.020.015.015.015.0
Rates on Treasury advances
Normal rateWAEMU9.9759.9759.7259.09.77.88.14.54.54.5
CAEMC4.55.57.59.511.011.011.07.757.758.0
Penalty rate4WAEMU12.512.59.2513.2513.257.57.57.5
CAEMC5.56.58.510.512.012.012.010.510.510.5
Deposits and lending rates
Maximum lending rateWAEMU516.016.016.017.521.029.024.020.018.017.0
CAEMC618.2517.517.519.017.016.016.016.0
Minimum rate on savings depositsWAEMU7.57.07.08.54.58.08.04.54.54.5
CAEMC67.57.57.759.08.05.55.55.5
Deposits with the Central Bank7
Commercial banks TreasuriesCAEMC9.7510.759.759.759.759.759.754.04.24.5
CAEMC5.07.09.010.510.510.54.04.24.5
Memorandum item:
French money market overnight rate11.010.010.7510.756.696.435.445.387.757.12
Sources: BCEAO and BEAC.

Before July 1994, there was no money market in the BEAC zone; the basic refinancing rate was the discount rate fixed administratively by the Governor. Following the introduction of the money market in July 1994, the discount rate was replaced by two rates, the auction rate and the rate for the repurchase agreements. Auctions of central bank money are organized weekly; the auction rate is, however, still set by the Governor.

Set at 150 to 200 basis points above the auction rate.

The penalty rate applies to nonreimbursed advances on the money market or as a sanction on an individual bank. Since October 1993, the penalty rate in the BCEAO zone is called the discount rate.

Applies to advances to treasuries above the statutory ceiling.

Since October 1993, the usury rate is twice the discount rate in the BCEAO.

In the CAEMC, minimum and maximum rates varied across countries before 1991 The minimum deposit rate is applicable only to time deposits and savings bonds.

Rate of remuneration of free reserves with the Central Bank. The BCEAO does not remunerate reserves.

Sources: BCEAO and BEAC.

Before July 1994, there was no money market in the BEAC zone; the basic refinancing rate was the discount rate fixed administratively by the Governor. Following the introduction of the money market in July 1994, the discount rate was replaced by two rates, the auction rate and the rate for the repurchase agreements. Auctions of central bank money are organized weekly; the auction rate is, however, still set by the Governor.

Set at 150 to 200 basis points above the auction rate.

The penalty rate applies to nonreimbursed advances on the money market or as a sanction on an individual bank. Since October 1993, the penalty rate in the BCEAO zone is called the discount rate.

Applies to advances to treasuries above the statutory ceiling.

Since October 1993, the usury rate is twice the discount rate in the BCEAO.

In the CAEMC, minimum and maximum rates varied across countries before 1991 The minimum deposit rate is applicable only to time deposits and savings bonds.

Rate of remuneration of free reserves with the Central Bank. The BCEAO does not remunerate reserves.

Table 47.Sources of Exceptional Financial Assistance, 1993–94(In millions of U.S. dollars)
1993 Actuals1994
Original programProvisionalDeviation
Multilateral and regional247.12,504.62,163.3−341.3
IMF51.0604.4507.7−96.7
World Bank41.11,165.6986.3−179.3
African Development Bank74.4364.9383.218.3
E. U. (incl. STABEX)80.5369.7286.1−83.6
Bilateral921.0934.0579.0−355.0
France749.3734.3568.0−166.3
Other countries171.7199.711.0−188.7
Subtotal1,168.13,438.62,742.3−696.3
Debt relief481.66,794.76,991.6196.9
Project aid1,756.81,798.91,369.1−429.8
Total3,406.512,032.211,103.0−929.2
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.
Table 48.Exceptional Financial Assistance by Recipient Country, 1993–94(In millions of U.S. dollars)
1993 Actuals1994
Original programProvisionalDeviation
WAEMU840.22,043.21,738.6−304.6
Benin94.1109.480.5−28.9
Burkina Faso91.2178.1149.1−29.0
Côte d’lvoire507.01,100.01,050.7−49.3
Mali61.8192.5173.0−19.5
Niger79.8166.999.1−67.8
Senegal6.3204.7131.5−73.2
Togo91.654.7−36.9
CAEMC327.91,395.41,003.7−391.7
Cameroon280.7526.5372.3−154.2
Central African Republic24.792.354.4−37.9
Chad12.999.063.5−35.5
Congo373.0300.4−72.6
Equatorial Guinea9.611.22.6−8.6
Gabon293.4210.5−82.9
Zone1,168.13,438.62,742.3−696.3
Comoros15.217.27.8−9.4
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.Note: Including IMF.
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.Note: Including IMF.
Table 49.Project Aid by Recipient Country, 1993–94(In millions of U.S. dollars)
1993 Actuals1994
Original programProvisionalDeviation
WAEMU1,215.71,257.71,054.4−203.3
Benin131.1136.198.3−37.8
Burkina Faso201.8222.8112.6−110.2
Côte d’Ivoire155.3180.2167.5−12.7
Mali212.6238.1230.5−7.6
Niger89.7110.661.6−49.0
Senegal417.4345.6367.321.7
Togo7.824.316.6−7.7
CAEMC541.1541.2314.7−226.5
Cameroon120.9105.860.7−45.1
Central African Republic70.670.477.57.1
Chad217.998.7103.34.6
Congo101.716.2−85.5
Equatorial Guinea43.430.120.3−9.8
Gabon88.3134.536.7−97.8
Zone1,756.81,798.91,369.1−429.8
Comoros20.621.518.9−2.6
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.Note: As recorded in the balance of payments.
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.Note: As recorded in the balance of payments.
Table 50.Official Debt Relief by Recipient Country, 1993–94(In millions of U.S. dollars)
1993 Actuals1994
Original programProvisionalDeviation
WAEMU192.11,958.02,203.2245.2
Benin27.835.542.77.2
Burkina Faso12.026.313.8−12.5
Côte d’lvoire1,212.91,512.5299.6
Mali108.178.693.314.7
Niger9.2151.7194.743.0
Senegal35.0326.1340.214.1
Togo126.96.0−120.9
CAEMC289.54,836.74,788.4−48.3
Cameroon16.21,141.31,516.2374.9
Central African Republic76.281.35.1
Chad40.37.4−32.9
Congo1273.32,032.51,688.0−344.5
Equatorial Guinea55.8−55.8
Gabon1,490.61,495.54.9
Zone481.66,794.76,991.6196.9
Comoros14.019.78.2−11.5
Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.Note: Paris Club and implicitly other official bilateral creditors on similar terms. The 1994–95 agreement for Chad, Equatorial Guinea, and Togo are effective only from 1995 (see Table 28). Except for the rescheduling of Gabon’s debt and part of the collateralized debt of the Congo, no formal agreement has been concluded yet with foreign commercial banks and other private creditors.

Excluding the restructuring of commercial and other nonofficial collateralized debt.

Sources: Data provided by the authorities; and Fund staff estimates as of the end of May 1995.Note: Paris Club and implicitly other official bilateral creditors on similar terms. The 1994–95 agreement for Chad, Equatorial Guinea, and Togo are effective only from 1995 (see Table 28). Except for the rescheduling of Gabon’s debt and part of the collateralized debt of the Congo, no formal agreement has been concluded yet with foreign commercial banks and other private creditors.

Excluding the restructuring of commercial and other nonofficial collateralized debt.

Table 51.Disbursements from the Fund, 1994–95(In millions of SDRs)
QuotaType of ArrangementDate of ArrangementExpiration DateAmount ApprovedDisbursementsUndrawn Balance
19941995199419951
WAEMU618.1775.3246.1123.1353.6
Benin45.3ESAF IIESAF IIIJanuary 25, 1993January 24, 199651.918.19.19.1
Burkina Faso44.2ESAF IIESAF IIIMarch 31, 1993March 30, 199648.69.88.813.3
Côte d’lvoire238.2ESAFIESAF IIMarch 11, 1994March 10, 1997333.5119.159.6154.8
Mali68.9ESAF IIESAF IIIAugust 28, 1992August 27, 199579.229.514.714.7
Niger48.3SBASBAMarch 4, 1994March 3, 199518.611.17.5
Senegal118.9SBAMarch 2, 1994August 29,199447.630.916.7
ESAFIESAF IIAugust 29, 1994August 28, 1997130.816.730.983.2
Togo54.3ESAFIESAF IISeptember 16, 1994September 16, 199765.210.910.954.3
CAEMC410.1188.780.322.1105.5
Cameroon135.1SBASBAMarch 14, 1994September 13, 199581.121.959.2
Central African Republic41.2SBASBAMarch 28, 1994March 27, 199516.510.75.8
Chad41.3SBASBAMarch 23, 1994March 22, 199516.510.36.2
Congo57.9SBASBAMay 27, 1994May 26, 199523.212.510.7
Equatorial Guinea24.3ESAF IIFebruary 3, 1993February 2, 199612.91.78.3
Gabon110.3SBASBAMarch 30, 1994March 29, 199538.623.222.115.4
Zone1,028.2964.0326.4145.2459.1
Comoros6.5SAFJune 21,1991June 20, 19943.21.41.8
Source: IMF Treasurer’s Department as of June 30, 1995.

As of the end of June 1995.

Source: IMF Treasurer’s Department as of June 30, 1995.

As of the end of June 1995.

Table 52.Official Producer Prices for Main Export Crops by Country, 1993–95(Percentage changes)
CottonCocoaCoffeeOthers
1992/931993/9411994/951992/931993/9411994/951992/931993/9411994/951992/931993/9411994/95
WAEMU
Benin03329
Burkina Faso−114025
Côte d’Ivoire0191203627166847
Mali0474
Niger2−9710
Senegal3−152936−134320
Togo−102232−1012210−2461189
CAEMC
Cameroon0530−251000351000
Central African Republic0500−20200100
Chad01333
Congo
Equatorial
Guinea4700070001000
Gabon3000300
Comoros5−3200
Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

In 1994, the price increases took place after the January devaluation.

For others: Uranium.

For others: Groundnuts.

For others: Timber.

For others: Vanilla.

Sources: Data provided by the authorities; and Fund staff estimates and projections as of the end of May 1995.

In 1994, the price increases took place after the January devaluation.

For others: Uranium.

For others: Groundnuts.

For others: Timber.

For others: Vanilla.

Table 53.Selected Demographic and Social Indicators(Latest available data)
BeninBurkina FasoCôte d’lvoireMaliNigerSenegalTogoCameroonCAR.ChadCongoEquatorial GuineaGabonComoros
Population
Total (million)5.49.512.98.98.37.83.912.52.36.02.40.41.20.6
Growth rate3.23.04.03.03.32.83.02.73.02.43.22.02.83.8
Percentage of urban population39.617.042.025.021.040.829.043.148.034.042.029.047.029.5
Life expectancy (at birth)5147564846495556474851485456
Crude birthrate (per thousand)45.050.145.4
Crude death rate (per thousand)15.018.716.5
GNP per capita (US$ 1993)4303006302702707503408204002109504204,960430
Education(In percent)
Primary school enrollment rate (in percent)623781322959111101686575
Secondary school enrollment rate (in percent)368247716232812717
Primary pupil-to-teacher ratio
Primary356037473858595164664445
Secondary33394316353528353231
Health
Population per physician (in thousands)20.757.214.319.434.817.612.030.07.6
Population per hospital bed (in thousands)3.41.31.41.40.70.41.3
Infant mortality rate (per thousand)131132911301236885611051221141179487
Access to safe water (in percent of population)
Total4967834959557134127255
Urban4410010010079100471490
Rural727536523861271150
Nutrition
Calorie intake per capita2,3142,3082,369
Food production per capita index (average growth rate in percent, 1987=100)1181128991128811008993111969890
Labor force
Labor force (thousand)2,3114,4424,8403,1303,8173,3291,4694,6631,4362,096820189546250
Employment in agricultural sector (in percent of labor force)65868581
Source: World Bank.
Source: World Bank.

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