IMF Executive Board Approves US$22.0 Million Disbursement for Benin

On December 6, 2018, the Executive Board of the International Monetary Fund (IMF) completed the third review of the three-year arrangement with Benin under the Extended Credit Facility (ECF).

A staff team from the International Monetary Fund (IMF) led by Norbert Toé and Benin authorities have agreed on the need to sustain the efforts to strengthen governance and transparency and accelerate reforms aimed at improving the business environment. The… Read More ›

Benin recognizes need to prioritize public expenditures to Forster inclusive growth

“In 2016, Benin’s economy weathered negative spillovers stemming from a difficult external environment and grew by 4 percent with an acceleration expected in 2017. Economic growth was driven by strong agricultural production, an increase in public investment, and a buoyant tertiary sector. Inflation remained negative in 2016 and through end-August 2017 but is forecasted to average 0.6 percent in 2017.”