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 61.90 Million (As of August 31, 2012)
- Loans outstanding: ECF Arrangements SDR 66.78 Million
- Last Article IV Consultation: The 2015 Article IV Consultation staff report was discussed by the Executive Board on December 16, 2015 (IMF Country Report No. 16/6)
Fraudulent Scam EmailsWe 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
A Newsletter of the IMF on Low-income countries
March 31, 2015
March 6, 2015
March 6, 2015
IMF Survey Article, January 26, 2015
January 26, 2015
January 21, 2015
January 21, 2015
iMFdirect blog by Benedict Clements, Sanjeev Gupta, and Masahiro Nozaki, December 21, 2014
December 21, 2014
IMF's Work on Benin
August 24, 2016
Author/Editor: Tetsuya Konuki ; Mauricio Villafuerte
July 8, 2016
Author/Editor: Robert Dippelsman ; Venkat Josyula ; Eric Métreau
Series: Working Paper No. 16/133
June 17, 2016
June 13, 2016
Author/Editor: Christine Dieterich ; Anni Huang ; Alun H. Thomas
Series: Working Paper No. 16/118
June 8, 2016
Author/Editor: Dalia Hakura ; Mumtaz Hussain ; Monique Newiak ; Vimal Thakoor ; Fan Yang
Series: Working Paper No. 16/111
Regional Economic Outlook
After an extended period of strong economic growth, many sub-Saharan African countries have been hit by a multiple of shocks—the sharp decline in commodity prices, tighter financing conditions, and a severe drought in southern and eastern Africa. Growth fell in 2015 to its lowest level in some 15 years and is expected to slow further to 3 percent in 2016. The growth performance, however, differs across countries, with most oil importers faring reasonably well. The region’s medium-term prospects remain favorable but many countries urgently need to reset their policies to reinvigorate growth and realize this potential. To this end, countries should adjust fiscal policies, and for those outside monetary unions, exchange rate flexibility, as part of a wider policy package, should also generally be part of the first line of defense. In the medium term, policies targeted at diversification and financial sector development could also strengthen resilience and boost growth.
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.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.