The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Measuring the pulse of Economic Transformation in West Africa
Daniel joined ADB in November 2011 as senior country economist at the West Africa Department. He is in charge of Benin where he is posted since March 2013.
Before joining the ADB, he worked for more than a decade at the Central Bank of West African States (BCEAO) where he held various positions at its headquarters in Dakar and its office in Paris. These experiences gave him strong knowledge on the west african economies particularly, WAEMU countries’.
Daniel is graduate as a Engineer Statistician Economist at the National High School of statistics and economy (ENSEA) of Abidjan.
The creation of a single currency in West Africa remains a timely and relevant project. This is despite post Euro zone crisis uncertainties, and the postponement, for the fourth consecutive time, of the introduction of a single currency in member countries of the West African Monetary Zone.
Several countries in West Africa have established ambitious development programs that aim for strong and sustained growth that significantly reduces poverty. In order to finance these programs, countries are increasingly moving towards low-concessional or non-concessional funds, such as securities issued on international financial markets.
Benin’s economic landscape is characterized by the Government’s intention to implement structural investment programmes in several economic sectors (transportation, energy, health, tourism, agriculture, etc.). Of a total amount of 6,529 billion CFA francs, or USD 13.8 billion, covering the 2014-2018 period, this development strategy seeks to raise the investment rate to about 27% of GDP in 2018, compared to 19% in 2013.
Arriving in Benin, you will certainly notice all the cans and fuel bottles sold on every street corner. This fuel, 30% cheaper than its counterpart in official gas stations, represents more than 80% of the fuel market in the country. This smuggled gas called "kpayo" (literally "not original" in the local Goun language) is imported illegally from neighbouring Nigeria, where fuel is heavily subsidized.
A évoquer le commerce extérieur du Bénin ou les opportunités de marchés que le pays recèle, on ne peut s’empêcher de porter une attention toute particulière à ses relations avec son grand voisin, le Nigéria.