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Economic activity: Benin has one of the strongest growth rates among developing countries, according to the IMF

29/11/2021
Categories: Economy/Forex

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At the end of their last mission to Benin, IMF experts noted that Benin's growth is among the strongest among developing countries. Economic activity grew by 3.8% in 2020.

“Strong macroeconomic fundamentals entering COVID-19 have provided Benin with much-needed fiscal space and continued access to financing, which has helped grow economic activity by 3.8% in 2020, l 'one of the strongest growth rates among developing countries'. This is the finding of the last IMF mission to Benin. In its press release published on November 23, the mission chaired by Constant Lonkeng and which conducted virtual and physical meetings from November 15 to 23, notes a “solid economic recovery underway”, with the normalization of goods traffic at the port of Cotonou. , one of Benin's main economic drivers, providing an additional boost.

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