Benin: Fourth Review Under the Poverty Reduction and Growth Facility
Volume/Issue:
Volume 2003
Issue 120
Publication date: April 2003
ISBN: 9781451803433
$20.00
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Topics covered in this book
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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , cotton sector reform , government , PRGF loan , reform , PRSP , priority outlay , net position , implementation plan , PRSP document , Poverty reduction strategy , Poverty reduction , Agricultural commodities , Debt service , West Africa
Summary
This paper assesses Benin’s Fourth Review Under The Poverty Reduction and Growth Facility (PRGF). Macroeconomic performance remained broadly in line with the objectives of the PRGF-supported program in 2002. All performance criteria for end-September 2002 were met, and the four structural benchmarks were observed by end-December 2002. However, spending on health and education remained below quantitative benchmarks, and the civil service reform continued to stall. The authorities finalized the poverty reduction strategy for 2003–05, which aims at achieving strong economic growth and reducing poverty, while maintaining financial stability.
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