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

15/04/2022
Categories: Economy/Forex

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

According to the communiqué, the agency noted the effectiveness of the response measures to the pandemic, which have 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 the investments of the Government's Action Program," the statement said. The agency, the government learns in its statement, has 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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