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Article: Budget Support to Benin.
- Article from:
- M2 Presswire
- Article date:
- September 30, 2009
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M2 PRESSWIRE-30 September 2009-WORLD BANK GROUP: Budget Support to Benin(C)1994-2009 M2 COMMUNICATIONS
RDATE:30092009
Benin, a low-income country in Western Africa, enjoys a politically stable government that is working hard to push economic reforms. However, economic growth has slowed down to 3.3 percent in 2002-2006 and has had a limited impact on poverty rates. Some of the challenges which hamper economic growth include: persistent corruption, an unfavorable business environment, a weak infrastructure base, a lack of competitiveness of Benin's agriculture and industries, weak institutional and implementation capacity, and a need for improved basic ...