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Financial rating: Fitch notes the effectiveness of Benin's measures in response to the pandemic

15/04/2022
Categories: Economy/Forex

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The international financial rating agency (Fitch) reported that Benin achieved an economic performance of 7.2%. It is the Ministry of Economy and Finance that reported the information in a press release dated April 11, 2022.

 

According to the statement, the agency found the effectiveness of pandemic response measures, which supported the strong rebound in economic growth. This economic growth exceeds pre-Covid levels and previous forecasts. "This trend is expected to continue in the medium term, with the agency anticipating a stabilization of growth at 6.3% by 2026, driven in particular by investments from the Government's Action Program," the statement said. The agency, the government learns in its statement, also confirmed Benin's rating at "B+ with stable outlook". "Benin thus consolidates its position among the African countries with the best credit rating," the statement said.

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