Benin Economy

Benin Economy

Subchapters: Basic data Public finances and the state budget Banking system Tax System Basic data Benin is among the least developed and poorest countries in the world. The country’s economy is small and very poorly diversified – it depends on agriculture (cotton), regional trade (the port of Cotonou) and foreign aid. The country is rich […]

Benin Recent History

Benin Recent History

With the end of bipolarism following the crisis of the Soviet bloc, Benin had reoriented in the western sense, abandoning the state ideology inspired by Marxism-Leninism and opening up to multi-partyism. This process, essentially motivated by the serious economic difficulties facing the country at the end of the 1980s and by the progressive dependence on […]