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Benin - Structural Adjustment Programmes I, II, III - PPER

15-Jan-2014

This report assesses the performance of the three structural adjustment programmes (SAP I, II and III) implemented in Benin between 1989 and 1999 for which the ADF granted three loans amounting to UA 29.5 million disbursed between 1990 and 1996. The first SAP (1989-1991) was adopted in a context of economic and social crisis and marked the end of a strategy based on State control and intervention which was adopted between 1975 and 1982. The second programme (1992-1994) was adopted with a view to consolidating the achievements of the first programme and remedying its weaknesses. The third programme (1995-1997) was adopted in the context of devaluation of the CFA franc in January 1994. The Bank Group contributed to this programme through a restructuring of its loans portfolio. The three programmes were sponsored by the IMF, the World Bank and other development partners including the Bank Group. The achievements of the three SAPs were consolidated and strengthened by a Budget Reform Support Programme (BRSP) initiated by the World Bank from 1999 and backed by an ADF loan of UA 14 million in 2001.

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