Benin has just been honored again internationally in the era of rupture. Romuald Wadagni is named Best Minister of Economy and Finance of the Year 2020 by Financial Afrik Awards. One of the most prestigious winners on the podium. By becoming for the second time, the Minister of Finance of the Year according to Financial Afrik Awards 2020, the young national treasurer, a graduate of Harvard Business School and the Ecole Supérieure des Affaires de Grenoble confirms his reputation as an economic reformer. of Benin, alongside President Patrice Talon. Of the trophies awarded during this edition of the Financial Afrik Awards 2020, according to the Trophy Jury, it is for good reason that he was named best Minister of Finance of the year. For good reason and for the many concrete actions that he has initiated or whose implementation he has ensured for the benefit of the Beninese economy.

Among other things, we cite the shrinking of the government architecture dear to the President of the Republic, the review of the quality of certain public expenditures and the efficiency of the impact of resources towards productive sectors. In short, a structural reform of the Beninese economy has been initiated.

The good performance of the Beninese economy has thus made it possible, in the midst of the Covid-19 infection pandemic, to take Benin out of the ranking of the 25 poorest countries in the world established by the International Monetary Fund (IMF), while it still occupied 20th place in 2015. The economic policy put in place and supported by all the reforms undertaken since 2016, has had the positive result of a continuous acceleration of the pace of creation of national wealth. In any case, this is what the country's major macroeconomic indicators reflect and on which the nomination of the Financial Afrik Awards 2020 is based.

Apart from the major rating agencies such as S&P hailing the quality of financial management in Benin, many other performances can be credited to the dynamism of the former partner of the Deloitte firm. In 2020, the country should post a growth of 2% according to the IMF and a projection of 6.3% on average between 2021 and 2023 (according to S&P). Public debt is expected to stabilize at 43% of GDP in 2020 while the budget deficit is forecast at 5.1% in 2020 before returning to 4.5% in 2021.

Main negotiator of the WAEMU in the reforms on the CFA Franc, Romuald WADAGNI has been congratulated several times by the IMF and the World Bank for the accuracy of the public reforms undertaken by Benin. Quantitative achievements and structural benchmarks that hoist Benin to the rank of countries whose economic dynamism is most appreciated in West Africa.