The inability of Benin to comply with EU standards led to a ban on its shrimp exports. We show that the ban had a negative impact on the income of fishmongers and fishermen, in the short run, but also several years after it was lifted. The impact persisted because exports to the EU did not...

Sub-Saharan African governments have made significant progress in developing domestic local currency bond markets over the last decade. While this bodes well for their countries’ economic resilience and facilitates necessary investments, many challenges remain.