[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108731-en":3,"doc-seo-108731-105":31,"detail-sidebar-cat-0-en-105":93},{"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},108731,1374391975076,"Riley","https://ap-avatar.wpscdn.com/avatar/14000253ca4ec9f6853?x-image-process=image/resize,m_fixed,w_180,h_180&k=1783305029341752051",8,"Research & Report","Country Private Sector Diagnostic - Creating Markets in Benin - Leveraging Private Investment for Inclusive Growth","Country private sector diagnostic examining how markets in Benin can expand through private investment to support inclusive growth. The analysis covers country context, including growth drivers, limited effects on poverty, constraints on productivity spillovers from low FDI, and COVID-19 impacts. It evaluates the private sector’s informality, entrepreneurship gaps, and limited technology adoption. Key constraints assessed include finance access, energy reliability and cost, business environment frictions, connectivity weaknesses, and low-skilled labor. It also identifies opportunity areas in agriculture and agro-processing, tourism, and regional trade and services.","Public Disc losure Authorized  \nDisclosure Authorized Public Disclosure Authorized  \nPublic  \nCOUNTRY PRIVATE SECTOR DIAGNOSTIC  \nCREATING MARKETS IN BENIN  \nLeveraging Private Investment for Inclusive Growth  \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  \nCONTENTS  \nACKNOWLEDGEMENTS IV  \nABBREVIATIONS AND ACRONYMS V  \nEXECUTIVE SUMMARY IX  \nINTRODUCTION XVI  \n1 COUNTRY CONTEXT 1  \n1.1. Strong Growth Performance Had Limited Impact on Poverty 1  \n1.2. Growth Was Driven by Agriculture, Services, and Increased Investment 4  \n1.3. Limited FDI Does Not Yet Foster Significant Productivity Spillovers 4  \n1.4. COVID-19 Outbreak Has Significantly Affected the Economy 5  \n2 PRIVATE SECTOR, ENTREPRENEURSHIP, AND TECHNOLOGY USE 7  \n2.1. The Private Sector Is Mostly Informal with Low Productivity 7  \n2.2. Formal Entrepreneurship Is Underdeveloped 8  \n2.3. Technology Adoption and Innovation Are Minimal 10  \n3 KEY CROSS-CUTTING POLICY CONSTRAINTS 13  \n3.1. Poor Access to Finance 13  \n3.2. Unreliable and Expensive Energy Supply 20  \n3.3. Cumbersome Business Environment, despite Positive Steps 23  \n3.4. Weak Connectivity 32  \n3.5. Low-Skilled Workforce 42  \n4 IDENTIFYING OPPORTUNITIES 45  \n4.1. Agriculture and Agro-processing 47  \n4.2. Tourism 70  \n4.3. Regional Trade and Services 85  \nAPPENDIX 98  \nAppendix A. Additional Data 98  \nAppendix B. Benin’s and Global Experience with Special Economic Zones 108  \nNOTES 110  \nACKNOWLEDGMENTS  \nThe Benin Private Sector Diagnostic was led by Anouk Pechevy (IFC) and Jean-Michel Marchat (World Bank). It includes contributions from Kaliza Karuretwa (cross-cutting constraints); Michiel Van Acoleyen (logistics and financial sector); Rachel Sberro (financial sector); Anicet Kabre (state of the private sector); Emmanuel Ekehunho, Alphonse Soh, and Pierre Pozzo di Borgo (transport and logistics); Alex Pio (tourism); Fortune Codo (agribusiness); and Jean-Christophe Maur (trade and economic relations with Nigeria).  \nIn addition, the team is thankful for the leadership from Cyndo Obre (IFC Country Officer in Benin) and Atou Seck (World Bank Country Manager in Benin) and for the sector-specific, in-depth knowledge and guidance provided by Alexandre Henry, Ange Kouassi, Blair Lapres, Eleina Ailmchandani, Eunice Mabika, Faride Yessoufou, Guillaume Touchard, Hamidou Sorgo, Harris Hounton, Masud Cader, Nat","cbCaihzVgdcAr81R","https://ap.wps.com/l/cbCaihzVgdcAr81R","pdf",5937279,5,1,137,"English","en",105,"# Acknowledgements\n# Abbreviations and acronyms\n# Executive summary\n# Introduction\n# Country context\n## Strong growth performance had limited impact on poverty\n## Growth was driven by agriculture, services, and increased investment\n## Limited FDI does not yet foster significant productivity spillovers\n## COVID-19 outbreak has significantly affected the economy\n# Private sector, entrepreneurship, and technology use\n## The private sector is mostly informal with low productivity\n## Formal entrepreneurship is underdeveloped\n## Technology adoption and innovation are minimal\n# Key cross-cutting policy constraints\n## Poor access to finance\n## Unreliable and expensive energy supply\n## Cumbersome business environment, despite positive steps\n## Weak connectivity\n## Low-skilled workforce\n# Identifying opportunities\n## Agriculture and agro-processing\n## Tourism\n## Regional trade and services\n# Appendix\n## Additional data\n## Benin’s and global experience with special economic zones","[{\"question\":\"What is the diagnostic trying to achieve for Benin’s private sector?\",\"answer\":\"The diagnostic focuses on creating markets in Benin by leveraging private investment to enable inclusive growth. 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