Benin: Poverty Reduction and Growth Strategy

IMF Staff Country Reports, December 5, 2023

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Benin: Poverty Reduction and Growth Strategy

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Bibliographic details

• Published: December 5, 2023
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9798400260612.002

Overview

• The National Development Plan (PND) specifies strategic benchmarks for development activities for the eight-year period until 2025, the target date for the implementation and completion of the Vision.
• 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.

Key findings

• Low literacy rate.
• Low performance levels in the education system.
• Vulnerable public health situation due to insufficient public access to health services.
• Benin’s comparative advantages and the ambitions enshrined in the Benin 2025 Alafia Vision underpin the strategic choice for structural transformation.
• Developments in international and regional trends informed the selection of priority sectors.

Strategic priorities and sectors

• Priority sectors:
  • Agroindustry
  • Tourism
  • Services
• Cross-cutting enablers:
  • More effective national and local governance
  • Development of human capital
  • Development of infrastructures

Environmental sustainability and regional development

• Sustainable management of living conditions and the environment is required.
• Emergence of regional development hubs is a strategic objective.
• Ensuring enforcement of legislative and regulatory texts is necessary to support sustainability and regional hubs.

Implementation implications and policy direction

• Focus policy and investment on:
  • Strengthening education outcomes and literacy.
  • Expanding public access to health services to reduce public health vulnerabilities.
  • Promoting agroindustry, tourism, and services as engines of inclusive, sustainable growth.
  • Improving national and local governance capacity.
  • Investing in human capital and infrastructure that support priority sectors.
  • Enforcing legislative and regulatory frameworks to safeguard environmental sustainability and facilitate regional development hubs.

Source: Benin: Poverty Reduction and Growth Strategy, IMF Staff Country Report No. 2023/382.

Content in this bundle

• Benin: Poverty Reduction and Growth Strategy; IMF Country Report No. 23/382; May 10, 2023
  • Benin: Poverty Reduction and Growth Strategy; IMF Country Report No. 23/382; May 10, 2023 (Markdown version)
  • Benin: Poverty Reduction and Growth Strategy; IMF Country Report No. 23/382; May 10, 2023 (PDF)