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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Benin on the Second Review under the Extended Fund Facility and the Extended Credit Facility Arrangements

The ongoing full operationalization of the social registry will help channel targeted support to vulnerable households in a world more prone to shocks, proven to disproportionally affect the poor

IMF reaches staff-level agreement with Benin on policies for the completion of the Second Review under the EFF/ECF. Upon completion of the review by the IMF Executive Board, Benin will have access to $68 million, bringing cumulative disbursements under the program to about $360 million. After three years of warranted…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Executive Board Completes the First Reviews under the Extended Fund Facility and Extended Credit Facility Arrangements for Benin

On December 14, 2022, the Executive Board of the International Monetary Fund completed the First Review of Benin’s Fund-supported program

IMF Board completed the First Review under the 42-month blended EFF/ECF arrangement for Benin, providing the country with immediate access to about US$144 million. The program is off to a strong start, with all end-June 2022 performance criteria and indicative targets met and all structural benchmarks implemented. After three years…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

Coronavirus - Benin: International Monetary Fund (IMF) Executive Board Approves a US$125 Million Disbursement Under Benin’s Extended Credit Facility (ECF)-Supported Arrangement

The authorities are implementing a response plan that will raise significantly health spending and provide support to vulnerable households and impacted businesses

The Executive Board decision allows an immediate disbursement of US$125.1 million to Benin to address the urgent financing needs stemming spread of COVID-19 and to mitigate its economic and social impacts; The authorities are implementing a response plan that will raise significantly health spending and provide support to vulnerable households…