Benin : Staff Report for the 2004 Article IV Consultation

1BENEA0022004 Image
Price:  $15.00

Release Date: © November, 2004
ISBN : 978-1-45180-340-2
Stock #: 1BENEA0022004
English
Stock Status: On back-order

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Description

This 2004 Article IV Consultation highlights that Benin’s economic performance over 2001–03 was strong. Real GDP growth averaged 5.3 percent, driven by growth in the cotton and services sectors. Inflation was low, averaging 2.6 percent per year. The external current deficit narrowed in 2003 as terms of trade improved. Progress in the structural area was mixed. However, macroeconomic performance since the beginning of 2004 has suffered from a poor cotton crop and the tightening of import restrictions by Nigeria.




More publications in this series: IMF Staff Country Reports