 Description: With the creation of a democratic government came increased international assistance from the World Bank, International Monetary Fund, and many Western powers. Benin was able to pay off some debts and build hospitals and roads. State-owned enterprises were privatized, and private banks came in. But there were many difficulties during this period as well. The devaluation of the CFA in 1994 and other economic problems caused public approval of president Soglo to decrease.
In 1996, Gen. Kérékou was voted back into power. In March 2001, he was re-elected for a second term, suggesting public approval of his leadership. Although there are still many problems in the country, such as unemployment and lack of funding for social programs, Benin is generally regarded as a model of successful democratization in West Africa. Private businesses continue to grow, and there is a strong sense of optimism among the people. The future of Benin is bright.
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