Press Release No. 26/001

Washington, DC: The Executive Board of the International Monetary Fund approved the Beninese authorities’ request for an extension of the country’s Extended Fund Facility (EFF), Extended Credit Facility (ECF), and Resilience and Sustainability Facility (RSF) Arrangements until February 28, 2026. This extension will allow sufficient time to complete the seventh and final review of the EFF-ECF arrangements and the fourth and final review of the RSF arrangement, and to lay the groundwork for future program engagement.

The EFF-ECF arrangements were approved by the Executive Board on July 8, 2022, in the amount of SDR 484.058 million (391 percent of quota), for a period of 42 months (see press release no 22/252). The RSF arrangement was approved by the Executive Board on December 14, 2023, in the amount of SDR 148.56 million (120 percent of quota), for a period of 24 months and extended until January 7, 2026, on December 11, 2025 (press releases no 23/452 and 25/419).

The Executive Board’s decision was taken on a lapse-of-time basis.[1]

 

[1]  The Executive Board takes decisions under its lapse-of-time procedure when a proposal can be considered without convening formal discussions.