IMF -- Resident Representative Office in Benin

Woman on the road in Benin

A road in Benin (iStockphoto)

Benin Resident Representative Site

Resident Representative Office in Benin

March 20, 2009

This web page provides information in 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's Relations with the IMF

Current membership: 185 countries
Benin joined the Fund in July 10, 1963
Total Quotas: SDR 61.90 Million (As of April 30, 2008)
Loans outstanding: PRGF Arrangements SDR 3.52 Million
Last Article IV Consultation: The 2008 Article IV Consultation staff report was discussed by the Executive Board on June 16, 2008, (IMF Country Report No. 08/230, published on July 16, 2008)

News and Highlights

Africa Faces Twin Challenges After Global Crisis

With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say as Managing Director Dominique Strauss-Kahn embarks on a three-country visit to the region.

Le secteur privé gagne du terrain en Afrique

Dans un entretien avec le Bulletin du FMI en ligne, Mme Antoinette Sayeh, directrice du Département Afrique, a expliqué que depuis quelques années, l’Afrique a fait preuve d’une plus grande ouverture à l’initiative privée. Comme par ailleurs le climat des affaires est devenu plus attrayant, les investissements étrangers sont restés abondants.

Sub-Saharan Africa: Challenges for 2010

Remarks by Ms. Antoinette Sayeh Director, African Department of the International Monetary Fund The Brookings Institution–November 19, 2009

Benin and The IMF

Benin - Assessment Letter for Donors

December 14,2009
Subject: Assessment letters | Benin | Economic growth | Fiscal policy | Government expenditures | Budgeting | Budget estimates | Revenue mobilization | Taxes | Fiscal reforms

Press Release: Statement by an IMF Staff Mission to Benin

September 28,2009

Benin: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Nonobservance of Performance Criterion and Augmentation of Access - Staff Report; Staff Supplement; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Benin

August 12,2009
Series: Country Report No. 09/252
Notes: Full text also available in French.

Benin -- Letter of Intent and Memorandum of Economic and Financial Policies, June 08, 2009

July 31,2009
Also available in French PDF File Size: 346Kb

Press Release: IMF Executive Board Completes Sixth PRGF Review for Benin and Approves Increase of Financial Support by US$14.4 Million

June 24,2009

Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.

Resident Representative for Benin

Abdourahmane Sarr
Resident Representative in Benin
Tel: (257) 22 25 3841
Tel: (257) 22 25 3929
Fax: (257) 22 253-928
RR Desk: (202) 589-8604