IMF Staff Country Reports

Benin: Poverty Reduction and Growth Strategy

December 5, 2023

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Format: Chicago

International Monetary Fund. African Dept. "Benin: Poverty Reduction and Growth Strategy", IMF Staff Country Reports 2023, 382 (2023), accessed 12/6/2025, https://doi.org/10.5089/9798400260612.002

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Summary

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.

Subject: Development, Development strategy, Economic growth, Health, Human capital, International organization, Labor, Monetary policy, Population and demographics, Structural transformation

Keywords: Africa, Beninese economy, development paradigm, development partner, development Republic of Benin, Development strategy, Government Action program, Human capital, Structural transformation