This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Benin and the IMF. Additional information can be found on Benin and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Benin.
At a Glance
- Benin joined the Fund on July 10, 1963.
- Total Quotas: SDR 123.8 Million
- Loans outstanding: ECF Arrangements SDR 109,29 Million
- Last Article IV Consultation: The 2019 Article IV Consultation staff report was discussed by the Executive Board on June 21, 2019. (IMF Country Report No. 19/203, July 2, 2019)
Fraudulent Scam Emails
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF.
IMF's Work on Benin
-
June 27, 2024
The Beninese economy has proven remarkably resilient to shocks, leveraging buffers wisely created pre-pandemic and supported by the government’s continued reform efforts, with economic activity estimated to have expanded by 6.4 percent in 2023. Growth is expected to remain strong in the coming years, supported by the government infrastructure drive and by private investment, including through the Special Economic Zone.
-
June 14, 2024
The IMF Executive Board today completed the first review of Burkina Faso’s Extended Credit Facility arrangement. The decision allows for an immediate disbursement of about US$ 31.7 million. The Executive Board also completed the 2024 Article IV consultation.
-
June 1, 2024
IMF Staff and Nigerien Authorities have reached an agreement at the staff level on the fourth and fifth reviews of Niger's economic program under the Extended Credit Facility (ECF) and the first review under the Resilience and Sustainability Facility (RSF).
-
May 8, 2024
IMF staff has reached staff-level agreement with Benin on the Fourth Review of Benin’s EFF/ECF and the First Review of the Resilience and Sustainability Facility (RSF) and completed the 2024 Article IV consultation.
-
IMF Staff Concludes Visit to Senegal
May 3, 2024
A team from the International Monetary Fund (IMF), led by Mr. Edward Gemayel, conducted a mission to Senegal from April 26 to May 3, 2024, to take stock of the recent economic and political developments and lay the ground for the second review under the existing IMF-supported program.
Office Activities
-
Press Conference at the End of the Fourth Review and the 2019 Article IV Consultation Mission (français)
Video in French
May 14, 2019
-
Interview with ORTF (Beninese Television)
This interview with the resident representative aimed to present the key messages of the 2018 fall REO, discuss Benin’s recent economic development and highlight the IMF role on building capacity through TA and external training to reach out to more people.
November 30, 2018
-
May 28, 2018
-
Third Edition of the “Open House Day” for Students and Academia, Bénin Révélé Magazine
Article in French - The objective of this event was to to present what the Fund does in general and in Benin with emphasis on the IMF’s capacity development work
February 28, 2018
-
January 25, 2017
Regional Economic Outlook
April 19, 2024
After four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.