On 8 March 2024, the Fitch Ratings rating agency confirmed the long-term issuer default rating (IDR) in Benin's currencies to “B+” with a stable outlook.

Benin's ratings are supported by strong economic growth, a recent record of economic and structural reforms, particularly in the area of public finances, and proactive debt management. Fitch estimates Benin's growth at 6.3% in 2023, despite the shocks caused by the military coup in Niger, the subsequent border closure, impacting the trade and transport sectors, and the reform of energy subsidies in Nigeria.

The government aims to increase revenue by 0.5% of GDP per year, through the implementation of the medium-term revenue strategy. It aims to broaden the tax base, reduce tax exemptions, streamline processes, strengthen government capacity, and improve compliance