CHAPTER FOUR: ECONOMIC GOVERNANCE AND MANAGEMENT __________________________________________________________________________ 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. 139

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