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       KEKE; Alliance of the National Movement for Democracy and Development

       (MNDD), leader NA; Movement for Solidarity, Union, and Progress

       (MSUP), Adebo ADENIYI; Union for Democracy and National Reconstruction

       (UDRN), Azaria FAKOREDE; Union for Democracy and National Solidarity

       (UDS), Mama Amadou N'DIAYE; Assembly of Liberal Democrats for National

       Reconstruction (RDL), Severin ADJOVI; Alliance of the Alliance for

       Social Democracy (ASD), Robert DOSSOU; Bloc for Social Democracy

       (BSD), Michel MAGNIDE; Alliance of the Alliance for Democracy and

       Progress (ADP), Akindes ADEKPEDJOU; Democratic Union for Social

       Renewal (UDRS), Bio Gado Seko N'GOYE; National Union for Democracy and

       Progress (UNDP), Robert TAGNON; Party for Progress and Democracy,

       Thiophile NATA; African Rally for Progress and Solidarity (RAPS),

       Florentin MITO-BABA; The Benin Renaissance Party , Desire VIEYRA and

       Rosine SOGLO; The Patriotic Union for the Republic (UPR), Jean-Marie

       ZAHOUN; Union for the Conservation of Democracy, Bernard HOUEGNON

       note:

       as of May 1994, Benin had about 60 political parties

       Member of:

       ACCT, ACP, AfDB, CEAO, ECA, ECOWAS, Entente, FAO, FZ, G-77, GATT,

       IBRD, ICAO, ICFTU, IDA, IDB, IFAD, IFC, ILO, IMF, IMO, INTELSAT,

       INTERPOL, IOC, ITU, LORCS, NAM, OAU, OIC, UN, UNCTAD, UNESCO, UNIDO,

       UPU, WADB, WCL, WFTU, WHO, WIPO, WMO, WTO

       Diplomatic representation in US:

       chief of mission:

       Ambassador Candide AHOUANSOU

       chancery:

       2737 Cathedral Avenue NW, Washington, DC 20008

       telephone:

       (202) 232–6656

       FAX:

       (202) 265–1996

       US diplomatic representation:

       chief of mission:

       Ambassador Ruth A. DAVIS

       embassy:

       Rue Caporal Anani Bernard, Cotonou

       mailing address:

       B. P. 2012, Cotonou

       telephone:

       [229] 30–06-50, 30–05-13, 30–17-92

       FAX:

       [229] 30–14-39 and 30–19-74

       Flag:

       two equal horizontal bands of yellow (top) and red with a vertical

       green band on the hoist side

      @Benin, Economy

      Overview:

       Benin is one of the least developed countries in the world because of

       limited natural resources and a poorly developed infrastructure.

       Agriculture accounts for about 35% of GDP, employs about 60% of the

       labor force, and generates a major share of foreign exchange earnings.

       The industrial sector contributes only about 10% to GDP and employs 2%

       of the work force. Low prices in recent years have kept down hard

       currency earnings from Benin's major exports of agricultural products,

       primarily cotton. A World Bank supported structural adjustment program

       begun in 1989 has helped strengthen the economy through such measures

       as trimming the government payroll, reforming the tax system, and

       encouraging private investment, both domestic and foreign. Benin has

       experienced 3 consecutive years of moderate growth as a result.

       National product:

       GDP - purchasing power equivalent - $6.2 billion (1993 est.)

       National product real growth rate:

       3% (1991)

       National product per capita:

       $1,200 (1993 est.)

       Inflation rate (consumer prices):

       3.4% (1990)

       Unemployment rate:

       NA%

       Budget:

       revenues:

       $218 million

       expenditures:

       $355 million, including capital expenditures of $100 million (1991

       est.)

       Exports:

       $328.8 million (f.o.b., 1991 est.)

       commodities:

       crude oil, cotton, palm products, cocoa

       partners:

       FRG 36%, France 16%, Spain 14%, Italy 8%, UK 4%

       Imports:

       $482.3 million (f.o.b., 1991 est.)

       commodities:

       foodstuffs, beverages, tobacco, petroleum products, intermediate

       goods, capital goods, light consumer goods

       partners:

       France 20%, Thailand 8%, Netherlands 7%, US 5%

       External debt:

       $1 billion (December 1990 est.)

       Industrial production:

       growth rate −0.7% (1988); accounts for 10% of GDP

       Electricity:

       capacity:

       30,000 kW

       production:

       25 million kWh

       consumption per capita:

       5 kWh (1991)

       Industries:

       textiles, cigarettes, construction materials, beverages, food

       production, petroleum

       Agriculture:

       accounts for 35% of GDP; small farms produce 90% of agricultural

       output; production is dominated by food crops - corn, sorghum,

       cassava, beans, rice; cash crops include cotton, palm oil, peanuts;

       poultry and livestock output has not kept up with consumption

       Economic aid:

       recipient:

       US commitments, including Ex-Im (FY70–89), $46 million; Western

       (non-US) countries, ODA and OOF bilateral commitments (1970–89), $1.3

       billion; OPEC bilateral aid (1979–89), $19 million; Communist

       countries (1970–89), $101 million

       Currency:

       1 CFA franc (CFAF) = 100 centimes

       Exchange rates:

       Communaute Financiere Africaine francs (CFAF) per US$1 - 592.05

       (January 1994), 283.16 (1993), 264.69 (1992), 282.11 (1991), 272.26

       (1990), 319.01 (1989)

       note:

       beginning 12 January 1994 the CFA franc was devalued to CFAF 100 per

       French franc from CFAF 50 at which it had been fixed since 1948

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