IMF’s recent engagements on infrastructure governance

Public Investment Management Assessment (PIMA) October 2017
PIMA Follow-up February 2019
PIMA Update March 2023
Climate PIMA (C-PIMA) March 2023

 


 

Summary of PIMA Update report

(Published in November 2023)

 

Public investment in Benin was up significantly in 2020–2021 from its 2019 low. Over the period 1990–2019 covered by the IMF database, it averaged 5.9 percent of gross domestic product (GDP), slightly above the average of the West African Economic and Monetary Union (WAEMU) of 5.5 percent. After it reached a low in 2019 (3.9 percent of GDP), data provided by the authorities show a strong upturn at 6.9 percent of GDP in 2020 and 8.2 percent in 2021.

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Summary of C-PIMA report

(Published in November 2023)

 

The Republic of Benin is facing a sharp rise in temperatures and climate risks. Annual temperatures are expected to increase by 1.0°C to 3.0°C by 2060. The expected impact from climate change (CC) in Benin, particularly the higher temperatures and precipitation expected, is likely to aggravate the challenges with which many of the country’s development sectors are already dealing, especially agriculture, water resource management, and forestry. Moreover, coastal areas will experience a sharp rise in sea level. The climate projections predict: (i) accelerated desertification in the North; (ii) an increased occurrence and intensity of torrential rains and floods in the South; (iii) higher temperatures; and (iv) rising sea levels as well as greater coastal erosion, which is expected to lead to intensified coastal flooding and storm surges. Owing to these developments, the Republic of Benin ranks 147th out of 191 countries on the INFORM Risk Index 2023, which measures exposure to climate risks.

 

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