Benin: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 288

Publication date: August 2005

ISBN: 9781451803464

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Topics covered in this book

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Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , government , exportled development strategy , PRGF loan , amount , Nigeria , government reform , cotton sector , authorities' strategy , Poverty reduction strategy , Agricultural commodities , Poverty reduction , Civil service reform , West Africa

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Summary

The staff report for the Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility highlights Benin’s economic developments and progress in structural reforms. Benin experienced a decade of good economic performance, but poverty reduction remains a concern. Policy discussions focused on immediate measures to stabilize and restore the fiscal situation and to obtain structural reforms. The structural reform program aims to make progress in implementing the reform agenda of the cotton sector.