European Parliament Library

Benin :, 2006 Article IV Consultation, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Nonobservance of Performance Criteria

This 2006 Article IV Consultation highlights that economic performance of Benin has been relatively subdued since 2003 after a decade of high growth. Slow economic growth has reflected limited progress in addressing core economic vulnerabilities and delays in implementing crucial growth-supporting structural reforms, against a backdrop of an appreciating real effective exchange rate and, more recently, a sizable deterioration in the terms of trade. Notwithstanding further delays in structural reforms, a turnaround in cotton production is helping to revive growth in 2006
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Economic and Program Developments; Boxes; 1. Key 2004 Article IV Recommendations; Text Tables; 1. Selected Macroeconomic Indicators, 1995-2006; Figures; 1. Sector Distribution of Real GDP Growth, 2000-05; 2. Real Effective Exchange Rate, 1990M1-2005M4; 2. Coping with Structural Bottlenecks and Higher Prices in the Domestic Petroleum Distribution Sector; 3. Selected Fiscal Indicators, 2000-06; 4. Monetary Developments, 2000-06; III. Policy Discussions; A. Medium-Term Macroeconomic Framework: Realizing Higher Growth
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (95 p.)
Specific Material Designation
Form Of Item

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