Benin adopts a five-year plan to support the private sector and the economy
The plan aims to improve the management and monitoring of economic and financial reforms.The government of Benin has unveiled its action program for the period 2016-2021, which focuses on the clearing and stabilising of the macroeconomic framework.
"The government has identified some priority areas, including improving the management and monitoring of economic and financial reforms, monitoring of the macroeconomic environment, the revitalisation of areas of growth and competitiveness and, finally, promoting the private sector," it said in a statement seen by Xinhua news agency.
The statement deplored the uneven evolution of economic growth, which is worsening poverty: "Between 2010-2015, it presented two phases: an upward trend between 2010 and 2013 from 2.1 per cent to 6.9 per cent, and a decline after 2013 to settle around five per cent today. "
"The sectoral contributions to GDP growth remained virtually unchanged over the period and explain the poor integration of the different sectors and the economy's difficulties," the government concluded.