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RB [Nicephore SOGLO]; The Star Alliance (Alliance E'toile) [Sacca LAFIA]; Union of Tomorrow's Benin or UBF [Bruno AMOUSSOU] note: approximately 20 additional minor parties Political pressure groups and leaders: NA International organization participation: ACCT, ACP, AfDB, AU, ECOWAS, Entente, FAO, FZ, G-77, IAEA, IBRD, ICAO, ICCt, ICFTU, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO (correspondent), ITU, MIGA, MINUSTAH, MONUC, NAM, OIC, ONUB, OPCW, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNIDO, UNMIL, UNOCI, UPU, WADB (regional), WAEMU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO Diplomatic representation in the US: chief of mission: Ambassador Cyrille Segbe OGUIN FAX: [1] (202) 265-1996 telephone: [1] (202) 232-6656 chancery: 2124 Kalorama Road NW, Washington, DC 20008 Diplomatic representation from the US: chief of mission: Ambassador Wayne NEILL embassy: Rue Caporal Bernard Anani, Cotonou mailing address: 01 B. P. 2012, Cotonou telephone: [229] 30-06-50 FAX: [229] 30-06-70 Flag description: two equal horizontal bands of yellow (top) and red with a vertical green band on the hoist side Economy Benin Economy - overview: The economy of Benin remains underdeveloped and dependent on subsistence agriculture, cotton production, and regional trade. Growth in real output has averaged a stable 5% in the past six years, but rapid population rise has offset much of this increase. Inflation has subsided over the past several years. In order to raise growth still further, Benin plans to attract more foreign investment, place more emphasis on tourism, facilitate the development of new food processing systems and agricultural products, and encourage new information and communication technology. The 2001 privatization policy should continue in telecommunications, water, electricity, and agriculture in spite of initial government reluctance. The Paris Club and bilateral creditors have eased the external debt situation, while pressing for speeded-up structural reforms. GDP: purchasing power parity - $7.742 billion (2003 est.) GDP - real growth rate: 5.5% (2003 est.) GDP - per capita: purchasing power parity - $1,100 (2003 est.) GDP - composition by sector: agriculture: 36.4% industry: 14.5% services: 49.1% (2003 est.) Investment (gross fixed): 19.3% of GDP (2003) Populat
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