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Benin: Poverty Reduction and Growth Strategy
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 382
Language:
English
Publication Date:
05 Dec 2023
DOI:
https://doi.org/10.5089/9798400260612.002
ISBN:
9798400260612
ISSN:
1934-7685
Pages:
21
Keywords:
development Republic of Benin; Government Action program; development paradigm; development partner; Beninese economy; Development strategy; Human capital; Structural transformation; Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund