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Benin - BRSP and PRSSP Budgetary Support Programmes - Project Performance Evaluation Report (PPER)
The overall objectives of the two programmes, as indicated in the review of the appraisal and completion reports were complementary and aimed essentially at establishing a stable macroeconomic framework, capable of generating strong and sustainable growth of which the poor would be the primary beneficiaries. The specific objectives of these budgetary support and poverty reduction programmes were (i) acceleration of sustainable growth; (ii) improvement of access by the population to basic services and environmental protection; and (iii) promotion and strengthening of good governance. The macroeconomic objectives focused on the following four points: (i) reduce the proportion of poor people by at least 3% annually starting from 2004; (ii) achieve a 7% GDP growth by 2005 and an investment rate of over 20% of the GDP; (iii) maintain inflation at below 3%; and (iv) maintain budgetary revenues at 17% of the GDP throughout the duration of the programmes.