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Benin Country Economic Memorandum 2.0 (Vol. 3) : Connecting People and Markets for Economic Transformation - Chapter 3 (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

    3

  • Total Volume(s)

    5

  • Country

    Benin,

  • Region

    Africa West,

  • Disclosure Date

    2022/03/01

  • Disclosure Status

    Disclosed

  • Doc Name

    Connecting People and Markets for Economic Transformation - Chapter 3

  • Keywords

    meeting needs; public investment management; main mode of transport; capacity of city; transport cost; foreign direct investment; good transport infrastructure; number of berths; infrastructure and services; rural access index; transport investment; complementary policies; free trade zone; quality of transport; Urban Transport Policy; global value chain; trunk road network; access to health-care; purchasing power parity; investments in infrastructure; movement of people; trade in goods; total tax revenue; efficiency of investment; domestic revenue mobilization; impact on farmer; traffic fatality rate; road safety regulations; increasing market access; increase in capacity; total factor productivity; length of stay; tracking and tracing; can at least; customs clearance procedures; average fleet age; average truck fleet; international airport; average age; road infrastructure; recent years; paved road; road transport; market integration; waiting time; container ship; welfare gains; road investment; agglomeration economy; rural area; landlocked country; competitive economy; urban population; policy option; metropolitan area; rural transportation infrastructure; urban mobility; spatial disparities; still living; financial autonomy; Population Growth; freight traffic; international flow; railway network; productivity growth; trade corridors; logistics performance; market structure; trading partner; business environment; cross-border trade; logistics cost; rural accessibility; rural population; road traffic; reduce border; old vehicle; geographical position; real wage; spatial inequality; health facility; modern transport; secondary city; income gain; customs procedure; liner shipping; agricultural area; airport facility; bargaining power; cold chain; unpaved road; regional competition; agricultural produce; average tonnage; private investment; territorial development; regulatory change; gross investment; public level; road maintenance; land area; railway density; Traffic Capacity; regional hub; liner service; computer system; used vehicle; transportation service; modern equipment; trade costs; port authority; port access; civil status; government institution; private party; private parties; port operator; spatial distribution; competitive cities; vehicle traffic; economic competitiveness; international market; welfare benefit; competitive city; Data Visualization; concrete maintenance; road transportation; monetary cost; communication support; storage capacity; container cargo; market demand; overall cost; subnational levels; container carrier; trade friction; active fleet; noncommercial purposes; fleet truck; logistics process; average price; tank trucks; food product; transit service; mineral oil; market potential; lagging region; oil product; border cities; local consumption; customs facility; economic geography; border crossing; customs declaration; border post; regional investment; manufactured goods; average speed; Fragile Countries; cross-border spillovers; transportation barriers; large vehicle; border traffic; private operator; transport capacity; logistics group; transit transport; digital system; freight logistics; rail transport; air freight; air passenger; air fare; rehabilitation program; rolling stock; small population; routine maintenance; trade integration; transit traffic; educational level; domestic transport; adequate services; economic integration; subnational region; economic diversification; dry port; policy priority; national legislation; round trip; subsidiary right; rainy season; road condition; air transport; connectivity index; tax collection; rural-urban migration; urbanization process; regional inequality; investment priority; Investment priorities; infant health; regional market; market friction; international shipping; institutional framework; Antenatal Care; virus disease; private finance; public resource; Port Services; middle-income economy; transport network; porous borders; border enforcement

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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. 3) : Connecting People and Markets for Economic Transformation - Chapter 3 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/509381645772586680/Connecting-People-and-Markets-for-Economic-Transformation-Chapter-3