- Benin’s economy is slowly recovering after experiencing a difficult period in 2009 and 2010; growth is estimated to have reached 3.6% in 2012 and is projected to consolidate in 2013 and 2014.
- To reach its growth targets, the country will have to step up reforms of the port of Cotonou as well as its efforts in the management of public finances, modernisation of the administration and improvement of the business climate to nurture development of the private sector.
Cooperation between the African Development Bank and Benin dates back to 1972. Financing provided by the Bank since that date amounts to UA 709 million, corresponding nearly to FCFA 550 billion, and covering several areas. The Bank’s investments in this country are as follows: transport, 27.8 per cent; agriculture, 26.3 per cent; multi-sector, 18.8 per cent; social sector, 15.8 per cent, electricity, water, sanitation and communication, 10.5 per cent; finance 0.5 per cent and industry 0.3 per cent.
Programme d'appui aux reformes économiques et financières (PAREF)
Projet d'appui à la gestion des finances publiques et au climat des affaires
|Area:||112,620 sq km|
|Total Population 2012:||9.4 Million|
|Urban Population 2012:||42.96%|
|Female Population 2012:||50.62%|
|GDP:||US$ 7.5 Billion|
|GNI Per Capita 2012:||US$ 780|
|Crude Birth Rate (per 1000):||38.56%|
|Human Development Index (rank / 187):||166|
|Human Development Index (scale 0 to 1):||0.436|
|Cumulative Approvals (1967-2012):||UA 624.8 Million|