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This paper is the fifth in a series that examines macroeconomic developments and prospects in low-income developing countries (LIDCs). LIDCs are a group of 59 IMF member countries primarily defined by income per capita below a threshold level. LIDCs contain one fifth of the world's...
Persistent link: https://www.econbiz.de/10014407873
The strategy adopted by Benin to strengthen its macroeconomic stability and promote private-investment-led growth has … Benin has been given. The retail price of major petroleum products, consumer price index in urban areas, industrial minimum …
Persistent link: https://www.econbiz.de/10014403925
This paper examines the external sustainability and competitiveness of Benin’s economy. Balance of payments flows … suggest Benin’s external position is sustainable. Large trade and current account deficits are comfortably financed by inflows … banks. It is estimated that Benin could sustain a net foreign liability position in the range of 40–60 percent of GDP …
Persistent link: https://www.econbiz.de/10014404530
This Selected Issues paper and Statistical Appendix analyzes sources of economic growth in Benin. It concludes that the … capital accumulation. The paper examines the cotton sector reform in Benin and the subsidies by major producing countries. It … also analyzes recent trends in Benin’s external competitiveness, and conducts an analysis of the equilibrium exchange rate …
Persistent link: https://www.econbiz.de/10014406451
This Selected Issues paper and Statistical Appendix examines some aspects of the civil service reform in Benin. It … loan associations on financial intermediation. It reviews the development of savings and loan associations in Benin, with …
Persistent link: https://www.econbiz.de/10014398364
This paper reviews economic developments in Azerbaijan during the 1990s. In 1992, approximately 70–80 percent of producer and consumer prices were liberalized, and enterprises were allowed greater latitude in their price and wage setting. However, price controls were applied on energy and...
Persistent link: https://www.econbiz.de/10014397270
This report describes recent economic developments in Kiribati. Developments over the decade through 1992 were characterized by a fall in real per capita income, as economic development was constrained by a shortage of skilled manpower, weak infrastructure, and remoteness from major...
Persistent link: https://www.econbiz.de/10014397357
This paper reviews economic developments in Mali during 1990–94. In the tertiary sector, trade continued to be the leading source of value added; its share in GDP increased continuously, from 17 percent in 1989 to 18.5 percent in 1993. This was compensated by a marked decline of the share of public...
Persistent link: https://www.econbiz.de/10014397404
This paper describes economic developments in Ecuador during the 1990s. Inflation fell from an average of about 50 percent in 1988–92 to 22 percent in April 1995. Economic activity rebounded, and international reserves were rebuilt. Relations with foreign creditors were normalized through an...
Persistent link: https://www.econbiz.de/10014397428
This paper examines economic developments in Trinidad and Tobago during 1990–94. Economic activity in 1992–93 was severely affected by a fall in output in the oil/gas sector, a sharp drop in the average oil export price, and persisting weakness in the nonpetroleum sector. As a result, real...
Persistent link: https://www.econbiz.de/10014397432