Benin among resilient economies. This is the least we can say after the release of the new financial rating from the international agency Standard & Poor's. According to the outlook that emerges from this ranking, Benin should quickly get its economy back on track after the easing of the coronavirus.

Despite the global economic recession announced to hit Africa hard, Benin has maintained its B+ rating. Some countries have not been able to maintain themselves. This is further proof of the solidity of the Beninese economy in the face of the unexpected budgetary and financial changes of recent months. According to the executive, it was not a foregone conclusion. To bring the fundamentals of the Beninese economy to this level of resistance, it took consistency in economic reforms.

The firmness paid off

Faced with the proposal of certain Western economic organizations, including the G20, to suspend debt service, Benin defended the opposite position. The Minister of Economy and Finance Romuald Wadagni made this choice in the national media and on the international scene. For the latter, the cancellation or general suspension of the debt would damage the image of Africans among foreign investors and indirectly among rating agencies. Congratulations followed by encouraging forecasts from Standard & Poor's confirm Benin, which has adopted a responsible attitude.