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IMF visit to Benin: an assessment of recent economic developments was made

28/09/2022
Categories: Economy/Forex

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From September 19 to 23, 2022, a team from the International Monetary Fund (IMF), led by Constant Lonkeng, visited Cotonou to do an evaluation on É Recent economic developments. It was also discussed to discuss the 2022 amending budget and to assess the progress made under the commitments made under the IMF-supported program for Benin under the policy applicable to high combined credit exposure. (ECCE) in the amount of $638 million (equivalent to 391 per cent of the assessed contribution).

The IMF's visit to Benin from 19 to 23 September 2022 was to help meet urgent financing needs and support the country's National Development Plan (PND; 2018& ndash; 25) focused on achieving the Sustainable Development Goals.

Lonkeng expressed satisfaction with Benin's economy at the end of the visit. According to him, “Benin's achievements in the area of public finance management offer essential political room for manoeuvre to face the challenges linked to a very uncertain global economic environment, with the negative consequences of security risks. regional and the consequences of COVID-19. The authorities are currently finalizing, for submission to Parliament, an amending budget for 2022, in accordance with the new MEDC/FEC programme supported by the Fund.”

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