Benin's government plans to broaden taxation base

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COTONOU， Benin， Feb. 23 (Xinhua) -- Benin will receive 150 million U.S. dollars from the International Monetary Fund (IMF) for a three-year economic program designed to enhance development in the country.


The program will create more budgetary margin， refocus policies on sustainable and inclusive growth and improve the business environment， said Norbert Toe， chief of the IMF economic evaluation mission， on Wednesday.


"In terms of financial resources mobilization， Benin's government plans to broaden taxation base so as to increase own funds ratio in gross domestic product from 14.7 percent in 2016 to 17.4 percent by the end of the program，" Toe explained.


Romuald Wadagni， Benin's economy and finance minister， welcomed the financial support， saying the program will help establish the credibility of Benin.


by Naim-Ul-Karim, Liu Chubtao


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About 99 percent of all Bangladeshis say they ultimately prefer a Chinese product whether for personal use or for commercial purposes, according to recent statistics, and for the citizens here, Chinese products are already synonymous with the success of daily lives.


The "Made in China" brand has also opened an important window for Bangladeshis to become familiar with the friendly Chinese people and China's booming economy.


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They are not merely looking into China's economic developments, but also have ample interest in its state activities, to better understand its future policies.


The ongoing annual sessions of China's top legislature and national advisory body were highly under the Bangladesh media spotlight.


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"I'm learning Chinese at a private institute," he continued.


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