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Benin Country Economic Memorandum 2.0 (Vol. 5) : Accelerating the Growth Momentum and Creating Better Jobs : Extended Executive Summary (English)

A small open economy, Benin has seen growth that is above average for the region. The volatility of high growth spells combined with low productivity growth has translated into limited gains in income per capita. Following its transition from low-income country to lower middle income country status in 2020 Benin is at the start of a new growth path Its challenge to boost the structural transformation of its economy driven by new growth drivers capable of sustaining an economic acceleration, lifting labor productivity and creating quality jobs for its young labor force, including women. While Benin’s economy has been spared by the worse of the Coronavirus disease 2019 (COVID 19) crisis, the shock has reinforced the need to focus on structural reforms that address long term challenges and ensure that economic recovery is sustainable and inclusive. The key conclusions that underpin this report, following the country economic memorandum (CEM) 2.0 framework suggest that investing further in human capital and closing gender gaps, particularly to accelerate the decline in fertility rates, and integrate women and youth into a higher quality labor market, should be central. Deepening market integration, connecting people and creating agglomeration economies through transport infrastructure and services should catalyze additional opportunities, taking advantage of Benin’s geographical position.

Details

  • Author

    Picarelli,Nathalie, Yan,Xun, Henry,Alexandre Ben-Aziz Kutu, Rougeaux,Solene Marie Paule, Mongan Agbeshie,Saint-Martin Kodjovi, Accrombessy,Felicien Donat Edgar Towenan, Dudu,Hasan, Engel,Jakob, Avdiu,Besart, Lebrand,Mathilde Sylvie Maria, Benitez,Daniel Alberto, Abate,Megersa Abera, Petreski,Marjan, Bartl,Esther Maria, Samson,Houdou Romaric, Beyene,Lulit Mitik, Sicra,Alejandro, Liu,Zhen-000495915, Kouwoaye,Amevi Rocard, Levai,Adam, Homegnon,Noukpo

  • Document Date

    2022/02/25

  • Document Type

    Working Paper

  • Report Number

    164448

  • Volume No

    5

  • Total Volume(s)

    5

  • Country

    Benin,

  • Region

    Africa West,

  • Disclosure Date

    2022/03/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Accelerating the Growth Momentum and Creating Better Jobs : Extended Executive Summary

  • Keywords

    quality of transport service; Gender Gap; Technical and Vocational Education; private sector participation in infrastructure; Private Sector Competitiveness and Economic; Labor Market; Maternal and Child Mortality; gender gap in education; labor market every year; Active Labor Market Policies; active labor market policy; real gross domestic product; real per capita income; cost of road maintenance; export-oriented sector; human capital accumulation; productivity growth; Demographic Transition; road asset management; global value chain; Access to Education; transit trade; policy option; education and health; labor market program; foreign direct investment; agriculture and service; labor productivity growth; good transport infrastructure; rural transportation infrastructure; recent years; economic diversification; exporting firms; accelerated economic growth; cross border trade; human capital development; human development gains; high population growth; quality of education; return on investment; rural road investment; asset management system; children per woman; limited coverage; infant health care; quality of public; decline in mortality; investments in infrastructure; human development outcome; opportunity between woman; right to education; trunk road network; working age population; competition and integration; access to infrastructure; domestic revenue mobilization; quality of care; current account deficit; quality of healthcare; terms of trade; number of women; chamber of commerce; preferential trade agreement; lower fertility rate; rate of growth; Computable General Equilibrium; access to health; access to finance; improved transport infrastructure; public health expenditure; re-export of goods; labor force participation; quality and quantity; main urban areas; road safety regulations; common external tariff; poor rural road; employment in agriculture; international good practice; average capacity utilization; improving road safety; access to contraception; labor market development; total tax revenue; high fertility rate; Affordable Transport; fruit and vegetable; agglomeration economy; private investment; spatial disparities; transportation cost; survival rate; productivity gap; value added; customs procedure; health facility; technology adoption; rural area; global market; young people; urban mobility; border points; land border; middle-income economy; road transport; total employment; Informal Economy; minimum wage; younger generation; funding source; Reproductive Health; informal worker; informal employment; cotton export; export basket; fiscal implication; cashew nut; tariff policy; adequate financing; port procedure; Learning and Innovation Credit; metal product; working-age population; demographic change; demographic dividend; commodity export; commodity exporter; merchandise export; trade corridors; Economic Policy; gender inequalities; Gender Inequality; open economy; export product; regional market; domestic activity; product diversity; adult man; income gain; Global Gender; informal sector; worker productivity; oecd countries; international flow; tertiary sector; welfare gains; skilled wage; reduce border; economic hinterland; low earnings; recent studies; competitive economy; transport cost; real wage; foreign trade; freight logistics; economic competitiveness; regional competition; active life; road transportation; financing constraint; Job Quality; first year; adequate wage; freight traffic; landlocked country; market structure; new entrant; logistics performance; tax collection; reproductive age; social assistance; transport capacity; entrepreneurship support; in school; private operator; working-age women; complementary policies; air freight; textile product; primary metals; wood product; Export Diversification; cold chain; manufacturing good; comparator country; financial service; export flow; policy perspective; trade relationship; trading partner; tax policy; export value; customs datum; informal trader

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Citation

Picarelli,Nathalie Yan,Xun Henry,Alexandre Ben-Aziz Kutu Rougeaux,Solene Marie Paule Mongan Agbeshie,Saint-Martin Kodjovi Accrombessy,Felicien Donat Edgar Towenan Dudu,Hasan Engel,Jakob Avdiu,Besart Lebrand,Mathilde Sylvie Maria Benitez,Daniel Alberto Abate,Megersa Abera Petreski,Marjan Bartl,Esther Maria Samson,Houdou Romaric Beyene,Lulit Mitik Sicra,Alejandro Liu,Zhen-000495915 Kouwoaye,Amevi Rocard Levai,Adam Homegnon,Noukpo

Benin Country Economic Memorandum 2.0 (Vol. 5) : Accelerating the Growth Momentum and Creating Better Jobs : Extended Executive Summary (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/449381645776873495/Accelerating-the-Growth-Momentum-and-Creating-Better-Jobs-Extended-Executive-Summary