OFFICIAL                        61 ^ b
STATLEI(LfW2W               fj
TO:    The President, International Development Association
Recommendation of the expert selected by Republic of Benin as a member of the Committee
under Section 1 (d) ofArticle Vof the Articles ofAgreement on the proposed Credit (First Fiscal
Reform and Growth Development Policy Financing) to the Republic of Benin
The undersigned member of the Committee constituted under Section 1 (d) of Article V of the
Articles of Agreement of International Development Association (the Association) hereby submits this
recommendation pursuant to said Section in respect of the proposal that the Association grant to the
Republic of Benin a credit in an amount of 33,900,000 Euros. The purposes of said credit is to (i) support
macroeconomic stability by strengthening fiscal management; and (ii) promote economic growth by
increasing the productivity and competitiveness of the agricultural sector and strengthening the power
sector's financial viability and production capacity.
1.     The member of the Committee has carefully studied the merits of the proposal to grant such a credit,
and of the purposes to which the proceeds of the credit are to be applied.
2.     The member of the Committee is of the opinion that the program in support of which the proceeds
of such credit are to be applied comes within the purposes of the Association as set forth in Article I of said
Articles of Agreement, and that said program is designed to promote the economic development of Republic
of Benin-and is of high developmental priority in the light of the needs of Republic of Benin.
3.     Accordingly, the member of the Committee finds that said program merits financial assistance from
the Association, and hereby recommends said program for such assistance.
pert Selected by Governor for
Republic of Benin
0     /3 i/n2o /
Dated at Washngon, D.C.