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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Benin: Technical Assistance Report-Governance Diagnostic
June 2, 2023
Series:Country Report No. 2023/191
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May 24, 2023
Series:Country Report No. 2023/175
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May 17, 2023
On May 17, 2023, the Executive Board of the International Monetary Fund completed the Second Review of Benin’s Fund-supported program. The 42-month blended EFF/ECF, approved on July 8, 2022 (see PR 22/252 ), seeks to help Benin address pressing financing needs, support the country’s National Development Plan centered on achieving the Sustainable Development Goals (SDGs), and catalyze donor support. This review completion allows for the immediate disbursement of SDR 50.82 million (about US$68 million) toward budget support, bringing total disbursements under the program so far to SDR 267.42 million (about US$360 million).
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Trade Integration in Africa: Unleashing the Continent's Potential in a Changing World
May 5, 2023
Author/Editor:Asmaa A ElGanainy | Shushanik Hakobyan | Fei Liu | Hans Weisfeld | S. M. Ali Abbas | Céline Allard | Hippolyte W. Balima | Celine Bteish | Rahul Giri | Daniel S Kanda | Sergii Meleshchuk | Gustavo Ramirez | Robert Zymek | Vivek B. Arora | Subir Lall | Benjamin R Kett | Megan M Pohl
Series:Departmental Paper No 2003/003 -
Economic Growth in Sub-Saharan Africa Could Permanently Decline if Geopolitical Tensions Escalate
May 1, 2023
Countries will need to build resilience to manage the inevitable shifts in trade and foreign direct investment.
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 14, 2023
Growth in sub-Saharan Africa will decline to 3.6 percent this year. Amid a global slowdown, activity is expected to decelerate for a second year in a row. Still, this headline figure masks significant variation across the region. The funding squeeze will also impact the region’s longer-term outlook. A shortage of funding may force countries to reduce resources for critical development sectors like health, education, and infrastructure, weakening the region’s growth potential.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.