The Fitch Ratings rating agency has confirmed Benin's long-term issuer default currency (IDR) rating to “B+” with a stable outlook.

Benin's “B+” rating reflects solid growth prospects, supported by a history of structural reforms, which should contribute to a gradual diversification of the economy. A history of commitment to reducing the fiscal deficit, rooted in a program du FMI , and proactive debt management should put the debt-to-GDP ratio on a gradual downward path and improve accessibility indicators. due to debt. These assets are compared to low development indicators compared to its peers, a relatively small economy dependent on trade with Nigeria and a high level of informality limiting public revenues

Benin has strong support from official creditors and we expect that it will seek a new agreement from the IMF after the expiry of the joint Extended Credit Facility/Extended Fund Facility mechanism at the end of 2025.