CHAPTER FOUR: ECONOMIC GOVERNANCE AND MANAGEMENT __________________________________________________________________________ African Union Convention on Preventing and Combating Corruption 11 February 2004 March 2006 United Nations Convention on Corruption Adopted in 2005 Adopted in 2005 Treaty on the West African Economic and Monetary Union 10 January 1994 Treaty on the Economic Community of West African States 24 July 1993 Abuja Treaty on the Creation of the African Economic Community (1991) 3 June 1991 31 May 1999 *ROSC – Report on the Observance of Standards and Codes, within the framework of collaboration between the World Bank and IMF. iii. Recommendations of the APR Panel 366. The APR Panel recommends the following corrective measures to the competent Beninese authorities (government, BCEAO and National Assembly):  Finalise a detailed assessment – principle by principle or section by section – for each standard and code listed in the APRM questionnaire. Wherever standards and codes have not been met, a programme of action should be prepared. This should specify measures to be introduced to fill the gaps observed. The required standards and codes should be ratified as soon as possible. On transparency in economic and financial information: 136  Have a defined information disclosure policy including the use of new ICTs.  Continue developing and modernising the statistics system for the dissemination of prudential data in the financial sector, and for its speedy dissemination to Parliament and to the public in general.  Encourage the disclosure of information on the budget process to enable citizens, and particularly civil society, to participate in budget preparation and in the monitoring of its implementation.  Develop the capacities of the organs concerned, so as to ensure the effective monitoring of existing measures and laws.