International records / International Monetary Fund

Benin: Fourth Review under the Extended Fund Facility and the Extended Credit Facility Arrangements, and the First Review under the Resilience and Sustainability Facility, and Request for Modification of a Quantitative Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Benin

1. Benin’s steadfast reform implementation and sound macroeconomic management over the past several years have provided policy space to bolster resilience to severe shocks. The country’s reform program—anchored in the Government Actions Program “Revealing Benin” (2016– 2021; and 2021–26) and supported by an ECF (2017–20) and ongoing EFF/ECF (2022–25)—is generating tangible dividends. Benin gained access to the international capital market in 2019 and has consistently been one of the first countries in Sub-Saharan Africa (SSA) to regain investors’ confidence following episodes of market freeze,…