La The second review of the MEDC/FEC joint program was concluded on Wednesday 17 May 2023 by the Executive Board of the International Monetary Fund (IMF). This conclusion allowed approximately 68 million US dollars to be immediately disbursed

The IMF announced through a press release that the performances under the joint MEDC/FEC program are solid, with the achievement of all performance criteria and indicative targets by the end of September and the end of December 2022 and the implementation of all structural references. According to the institution, “after three years of justified fiscal easing, the ongoing fiscal consolidation will be supported by robust revenue mobilization and prioritization of spending to preserve social programs and help Benin address significant development needs and security challenges