Poverty Reduction Support Credits : Benin Country Study

Benin experienced a long period of political instability and economic challenges after achieving its independence in August 1960. In 1991 a new government initiated far-reaching reforms aimed at the creation of a market-based economy, resulting in...

Full description

Bibliographic Details
Main Author:	Horton, Brendan
Format:	Working Paper
Language:	English en_US
Published:	Washington, DC: World Bank 2017
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING SYSTEM ADJUSTMENT LENDING ALLOCATION ANNUAL PERFORMANCE ANNUAL RATE ARTICLE ASSESSMENT OF PERFORMANCE BALANCE OF PAYMENTS BANK POLICY BASIC SERVICES BORROWER BUDGET CREDIBILITY BUDGET CYCLE BUDGET EXECUTION BUDGET EXECUTION REPORTING BUDGET FORMULATION BUDGET INFORMATION BUDGET LAW BUDGET MANAGEMENT BUDGET PREPARATION BUDGET PREPARATION CYCLE BUDGET PREPARATION PROCESS BUDGET REFORM BUDGET REPORTING BUDGET SUPPORT OPERATIONS BUDGET SYSTEM BUDGET YEAR BUDGETARY EXPENDITURES BUDGETARY IMPLICATIONS BUDGETARY PROCEDURES CAPACITY BUILDING CAPACITY CONSTRAINTS CAPITAL INVESTMENT CASH FLOW CIVIL SERVICE CIVIL SERVICE REFORM CONDITIONALITIES CONDITIONALITY CONSENSUS BUILDING COUNTERPART FUNDS COUNTRY PROCUREMENT COUNTRY PROCUREMENT ASSESSMENT CURRENT ACCOUNT DEFICIT DEBT DEBT RELIEF DEBT SUSTAINABILITY DECENTRALIZATION DECENTRALIZATION PROCESS DECENTRALIZATION STRATEGY DEPOSIT DEVALUATION DEVELOPMENT BANK DIAGNOSTIC WORK DISBURSEMENT DISBURSEMENTS DONOR COORDINATION ECONOMIC GROWTH EVALUATION CAPACITY EVALUATION METHODOLOGY EXCHANGE RATE EXCHANGE RESERVES EXPENDITURE PRIORITIES EXPENDITURE PROGRAM EXPENDITURES EXTERNAL FINANCING EXTERNAL SHOCKS FIDUCIARY ASSESSMENT FINANCES FINANCIAL ACCOUNTABILITY FINANCIAL ASSISTANCE FINANCIAL INFORMATION FINANCIAL OPERATIONS FINANCIAL OVERSIGHT FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL TRANSFERS FISCAL AFFAIRS FISCAL BALANCE FISCAL CONSOLIDATION FISCAL DECENTRALIZATION FISCAL RISKS FISCAL YEARS FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES GENERAL BUDGET SUPPORT GOVERNMENT ACCOUNTS GOVERNMENT BUDGET GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT INTERVENTION GOVERNMENT POLICY GRANT PROGRAM GROWTH RATE HEALTH SERVICES HUMAN CAPITAL HUMAN RESOURCES INDEPENDENT ASSESSMENT INFLATION INFORMATION SYSTEM INSTITUTIONAL DEVELOPMENT INSTRUMENT INTERNAL AUDIT INTERNAL CONTROLS INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INVESTMENT CLIMATE INVESTMENT PROJECTS JUDICIAL SYSTEMS LENDING INSTRUMENTS LOAN MACROECONOMIC FRAMEWORK MACROECONOMIC POLICY MACROECONOMIC STABILITY MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MINISTRY OF ECONOMY MINISTRY OF FINANCE MONETARY FUND NATIONAL BUDGET NATIONAL DEVELOPMENT OUTCOME INDICATORS PAYMENT DELAYS PERFORMANCE ASSESSMENT PERFORMANCE AUDITING PERFORMANCE AUDITS PERFORMANCE INDICATORS PERFORMANCE MONITORING PERFORMANCE REPORTS PERSONNEL MANAGEMENT POLICY FORMULATION PORTFOLIO POVERTY ASSESSMENT POVERTY REDUCING POVERTY REDUCTION POVERTY REDUCTION STRATEGIES POVERTY REDUCTION STRATEGY POVERTY REDUCTION SUPPORT PRICE MOVEMENTS PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR GROWTH PROGRAM BUDGETING PROGRAM BUDGETS PROGRAM IMPLEMENTATION PROGRAMS PUBLIC ADMINISTRATION PUBLIC AGENCIES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE MANAGEMENT REFORM PUBLIC EXPENDITURE REFORM PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURE TRACKING PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCIAL MANAGEMENT PUBLIC FINANCIAL MANAGEMENT SYSTEMS PUBLIC INVESTMENT PUBLIC SECTOR PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR REFORM PUBLIC UTILITIES QUALITY OF EDUCATION REAL EXCHANGE RATE REFORM AGENDA REFORM OBJECTIVES REFORM PROGRAM REGULATORY FRAMEWORK RESOURCE AVAILABILITY RESOURCE FLOWS RESOURCE MANAGEMENT SANITATION SCHOOL FEES SECTOR BUDGETS SECTOR MINISTRIES SECTOR MINISTRY SECTOR PROGRAMS SECTORAL OBJECTIVES SERVICE DELIVERY SHARE OF INVESTMENT STRUCTURAL ADJUSTMENT STRUCTURAL REFORM STRUCTURAL REFORMS SUSTAINABILITY ANALYSIS SWAP TOTAL EXPENDITURE TOTAL EXPENDITURES TRADING TRANCHE TRANCHES TRANSPARENCY TRUST FUND WAREHOUSE
Online Access:	http://documents.worldbank.org/curated/en/934081468200937181/Poverty-reduction-support-credits-Benin-country-study http://hdl.handle.net/10986/27927

Description
Summary:	Benin experienced a long period of political instability and economic challenges after achieving its independence in August 1960. In 1991 a new government initiated far-reaching reforms aimed at the creation of a market-based economy, resulting in significant liberalization of Benin's political and economic system. Growth fluctuated in the range of 4-6 percent until 2000, after which it began to trend downwards, fluctuating largely in response to variation in the exchange rate as well as to movement in the prices of cotton, Benin's main export, and oil, a major import. Benin benefited from support under the Environmental and Social Assessment Framework (ESAF) and Poverty Reduction and Growth (PRGF) facilities, the latter continuously since 1993. According to an independent ex-post review (International Monetary Fund 2004), program implementation during 1993-2003 was broadly successful. Real economic growth averaged 5 percent and fiscal consolidation improved as key initial challenges arising from the Government's low revenue collection and high wage bill were addressed. But overall progress in structural reform was mixed. Initial efforts to liberalize the economy and reduce government intervention were successful, and there was progress in introducing far-reaching reforms in the cotton sector. A new poverty reduction growth facility was approved in August 2005.

Poverty Reduction Support Credits : Benin Country Study

Similar Items