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贝宁经济最新消息:适应气候变化实现可持续和有韧性的经济增长(英)2024
Shi Jie Yin Hang·2024-07-15 09:50

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The economic growth of Benin remained strong at 6.4 percent in 2023, slightly up from 6.3 percent in 2022, despite various external shocks [13][32] - The agricultural sector, which accounts for 27.1 percent of GDP, showed slight improvement with a growth rate of 5.1 percent in 2023, although it remains below pre-pandemic levels [13][49] - The report emphasizes the importance of adapting to climate change to mitigate potential economic losses, projecting that without adaptation, GDP losses could reach up to 19 percent by 2050 [21][23] Recent Economic Developments and Outlook - Benin's economic context in 2023 was characterized by rising regional uncertainties and a slowdown in global output [33] - The national poverty rate was recorded at 36.2 percent in 2021-22, affecting approximately 4.6 million people [15] - Fiscal consolidation efforts led to a reduction in the fiscal deficit to 4.1 percent of GDP, the lowest since 2019 [16][17] - Public debt slightly increased to 54.5 percent of GDP in 2023, with a focus on maintaining sustainability [18] Adapting to Climate Change for Sustainable and Resilient Economic Growth - The macroeconomic cost of inaction on climate change is high, with significant potential GDP losses projected if adaptation measures are not implemented [21][22] - Key policy options include investing in sustainable agriculture, urban adaptation, and resilient infrastructure to support economic growth and poverty reduction [24][28] - The report highlights the need for innovative financing and public-private partnerships to support climate adaptation investments, estimating an average annual investment of 0.3 percent of GDP for climate-related initiatives [28][29]