CHAPTER FOUR: ECONOMIC GOVERNANCE AND MANAGEMENT
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and rehabilitate port infrastructures; (ii) procure and install an integrated
security system to adapt the PAC to international standards; (iii) construct a
compulsory control base for fishery products; and (iv) build the capacity of
stakeholders.
379.
Improvement of the business environment. The measures taken in this area aim
essentially at improving the legal and judicial framework. The measures
should build a justice system that is accessible, credible and efficient, and one
that contributes to the consolidation of the rule of law, protects human rights
and guarantees security in socioeconomic activities.
380.
The CSAR describes the measures taken – in sectoral and microeconomic
policies and programmes – to ensure gender equality, the sustainability of the
environment and job creation. It also describes efforts made to mobilise
domestic resources (including public and private savings), to generate public
capital and to reduce capital flight.
381.
Vulnerability to internal and external shocks. At the external level, the
vulnerability of Benin’s economy is linked mainly to cotton and oil prices and
to its trade dependence on Nigeria. At the internal level, limited diversification
in production is a major handicap. In addition to these constraints, mention
should also be made of the decline in port activity, the low productivity of
local labour, antiquated production facilities, the failure to modernise
agriculture, and low production volumes. These factors do not allow for
economies of scale.
ii.
Conclusions of the CRM
382.
Macroeconomic framework. The description of the macroeconomic
framework in the CSAR does not adequately reflect macroeconomic
management constraints or the efforts made by the government to address
these constraints. However, the GPRS, which is aimed at reducing poverty
during the 2007 to 2009 period, indicates alternative scenarios and prospects
for achieving the MDGs.
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