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Million (equivalent of 391 percent of quota or US$638 million). The Extended Credit Facility (ECF) for Benin in the amount of SDR 484.058 On July 8, 2022, the Executive Board of the International Monetary FundĪpproved 42-month arrangements under the Extended Fund Facility (EFF) and

A steadfast implementation of the recently adopted action plan for Anti Money Laundering/Combating the Financing of Terrorism and further strengthening the rule of law and governance will consolidate the foundations of sustained private sector-led growth that benefits all Beninese.

Revenue mobilization-the cornerstone of the authorities’ reform agenda-will, together with better spending prioritization and improved efficiency, help create the much-needed fiscal space to support Benin’s significant development and security needs while preserving debt sustainability.

IMF Board approves 42-month arrangements under the EFF and ECF for Benin (US$638 million) to help address pressing financing needs, support the country’s National Development Plan (2018–25) centered on achieving Sustainable Development Goals (SDGs), and catalyze donor support.

IMF Executive Board Approves US$638 million Extended Fund Facility and Extended Credit Facility for Benin and Concludes 2022 Article IV Consultation