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
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Guinea-Bissau is Using Blockchain to Boost Fiscal Transparency
October 2, 2024
To better manage its public sector wage bill, Guinea-Bissau has embraced blockchain technology, a secure digital mechanism that enables tracking and reporting on wage expenditure for civil servants.
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IMF Staff Concludes Visit to Senegal
September 12, 2024
Economic activity weakened in the first half of 2024 and prospects remain challenging for the remainder of the year. The fiscal position is expected to deteriorate amid lower revenue collections and increased expenditure on energy subsidies and interest payments.
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IMF Staff Concludes Visit to Benin
September 11, 2024
Benin’s macroeconomic performance remains strong despite a challenging external environment, including the sharp depreciation of the naira.
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IMF and World Bank Working Together to Scale up Climate Finance
July 17, 2024
We share the common objective of scaling up climate finance, including crowding in private capital at scale, for Benin and more broadly in the region and elsewhere.
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July 17, 2024
Today, the Executive Board of the International Monetary Fund (IMF) completed the Fourth and Fifth Reviews of Niger’s economic and financial program supported by the Extended Credit Facility arrangement (ECF), and the First Review under the Resilience and Sustainability Facility arrangement (RSF).
Office Activities
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Press Conference at the End of the Fourth Review and the 2019 Article IV Consultation Mission (français)
Video in French
May 14, 2019
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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
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May 28, 2018
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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
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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
