[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108740-en":3,"doc-seo-108740-105":31,"detail-sidebar-cat-0-en-105":92},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":28,"seo_description":14,"update_tm":29,"read_time":30},108740,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","Country Private Sector Diagnostic - Creating Markets in Benin - Leveraging Private Investment for Inclusive Growth - Executive Summary","Benin’s rapid 2010s growth failed to translate into substantial poverty reduction, with COVID-19 exposing a weak, commodity- and transit-dependent economic model. Widespread private-sector informality, limited technology adoption, and low foreign direct investment spillovers constrain productivity. Opportunities from agribusiness expansion, tourism development, and regional trade integration require structural reforms addressing financing gaps, unreliable and costly energy, connectivity, the business environment, and workforce skills. Effective implementation and better support for formalization and SME access to finance, markets, and skills are critical.","Public Disc losure Authorized  \nDisclosure Authorized Public Disclosure Authorized  \nPublic  \nCOUNTRY PRIVATE SECTOR DIAGNOSTIC  \nCREATING MARKETS IN BENIN  \nLeveraging Private Investment for Inclusive Growth  \nExecutive Summary  \nMarch 2023  \nAbout IFC  \nIFC—a member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. In fiscal year 2022, IFC committed a record $32.8 billion to private companies and financial institutions in devel-oping countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity as economies grapple with the impacts of global compounding crises.  \nFor more information, [visit www.ifc.org](visit www.ifc.org).  \n© International Finance Corporation 2023. All rights reserved.  \n2121 Pennsylvania Avenue, N.W.  \nWashington, D.C. 20433 [www.ifc.org](www.ifc.org)  \nThe material in this work is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. IFC does not guarantee the accuracy, reliability or completeness of the content included in this work, or for the conclusions or judgments described herein, and accepts no responsibility or liability for any omissions or errors (including, without limitation, typographical errors and technical errors) in the content whatsoever or for reliance thereon. The findings, interpretations, views, and conclusions expressed herein are those of the authors and do not necessarily reflect the views of the Executive Directors of the International Finance Corporation or of the International Bank for Reconstruction and Development (the World Bank) or the governments they represent.  \nCover Photos: Abdoul Maiga/IFC; Shutterstock  \nEXECUTIVE SUMMARY  \nBenin enjoyed high growth in the 2010s, which did not translate into major poverty reduction. When the COVID-19 outbreak began in March 2020, the economy was growing but was weakly productive. Strong reliance on commodity exports (cotton and cashews) and transit trade with Nigeria make Benin’s economy vulnerable to external shocks and changes in trade policy. The widespread informality of the country’s private sector and its limited use of recent technologies further restrict gainsin productivity and reinforce overreliance on external growth drivers. Low levels of foreign direct investment spillover from existing ones also hamper productivity.  \nGeographical and cultural assets, as well as a strong reform momentum, offer huge opportunities for more inclusive and sustainable growth in the country. Benin is a small, open economy with fertile agricultural land that offers potential for further private sector–driven expansion of agribusiness in fruits and vegetables for export to the regional and European markets. Access to markets and improved productivity can have a large effect on development because nearly 40 percent of employment is in the agribusiness sector. Benin’s geographical proximity to Nigeria represents an opportunity—now only partially used—to develop a more solid tourism sector following the COVID-19 shock, with potential to further expand toward international heritage tourism in the longer run. Benin’s location at the crossing of two important regional corridors, Abidjan-Lagos and Cotonou-Niamey, calls for the private sector to reap the full benefits of business relationships at the regional level. The partial reopening of the border with Nigeria in December 2020 and the ongoing negotiations on the African Continental Free Trade Area (AfCFTA) provide a significant opportunity for regional integration.  \nFor these opportunities to materialize, Benin needs further structural reforms to overcome five major constraints. To develop a more productive and competitive private sector able to generate quality jobs, Benin","cbCairD81qXtuicm","https://ap.wps.com/l/cbCairD81qXtuicm","pdf",3982869,4,1,10,"English","en",105,"# Executive Summary\n## Benin’s growth and constraints\n## Opportunities for inclusive and sustainable growth\n## Five major reform constraints\n## Implementation and recovery support","[{\"question\":\"Why has Benin’s growth not reduced poverty significantly?\",\"answer\":\"Benin’s growth in the 2010s did not translate into major poverty reduction. The economy’s weakness was further highlighted when COVID-19 began in March 2020, alongside low productivity and structural vulnerabilities.\"},{\"question\":\"What are the main constraints limiting Benin’s private-sector development?\",\"answer\":\"The document highlights five constraints: limited access to finance, unreliable and expensive energy supply, insufficient digital and physical connectivity, a difficult business environment, and low workforce skill levels.\"},{\"question\":\"Which opportunities can support more inclusive and sustainable growth in Benin?\",\"answer\":\"Benin can expand agribusiness for fruit and vegetable exports, develop tourism leveraging proximity to Nigeria, and benefit from regional corridors and border reopening. Regional integration efforts related to AfCFTA also create opportunities for businesses.\"}]","Country Private Sector Diagnostic - Creating Markets in Benin - Leveraging Private Investment for Inclusive Growth - Executive Summary | PDF",1784473631,25,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"country-private-sector-diagnostic-creating-markets-in-benin-leveraging-private-investment-for-inclusive-growth-executive-summary","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,49,52],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":48},"https://docshare.wps.com/document/","Document",2,{"item":50,"name":12,"@type":44,"position":51},"https://docshare.wps.com/document/research-report/",3,{"item":53,"name":13,"@type":44,"position":20},"https://docshare.wps.com/document/country-private-sector-diagnostic-creating-markets-in-benin-leveraging-private-investment-for-inclusive-growth-executive-summary/108740/",{"url":53,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"Why has Benin’s growth not reduced poverty significantly?","Question",{"text":76,"@type":77},"Benin’s growth in the 2010s did not translate into major poverty reduction. The economy’s weakness was further highlighted when COVID-19 began in March 2020, alongside low productivity and structural vulnerabilities.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"What are the main constraints limiting Benin’s private-sector development?",{"text":81,"@type":77},"The document highlights five constraints: limited access to finance, unreliable and expensive energy supply, insufficient digital and physical connectivity, a difficult business environment, and low workforce skill levels.",{"name":83,"@type":74,"acceptedAnswer":84},"Which opportunities can support more inclusive and sustainable growth in Benin?",{"text":85,"@type":77},"Benin can expand agribusiness for fruit and vegetable exports, develop tourism leveraging proximity to Nigeria, and benefit from regional corridors and border reopening. 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