A mission of the Commission of the West African Economic and Monetary Union (UEMOA) led by its President Mr. Abdallah BOUREÏMA was in the morning of this Tuesday, February 05, 2019 at the Office of the President of the Republic, Mr. Patrice TALON. Bearer of the memorandum sanctioning the end of the work on the annual review of reforms, programs, policies and community projects for the 2018 financial year to President Patrice Talon, the head of the delegation is also the bearer of good news. Bouréïma unambiguously announced the good figures which testify to the prodigious progress made by Benin in recent years. At the end of this second review of the TALON era, the country set records.

In relation to economic governance and convergence, a very important area, Benin recorded a jump of 20 points between 2017 and 2018. In terms of sector reforms, this is an advance of almost 23 points. According to the explanations of the President of the UEMOA Commission, we started from 12% of implementation of these reforms in 2012 to go to 65% in 2016-2017 and today, we are at 83%. What he called a very important leap. These positive developments have had significant impacts, first of all in terms of economic growth. This goes from 4% to 6.8% in 2018 and a forecast of 7.6% in 2019.

By appreciating these performances of governance in Benin, President Abdallah Bouréima affirms that these are records never equaled at the level of the Union. “First, with regard to the overall rate of transposition and implementation of various integration projects which relate to 3 main areas: economic governance and convergence, sectoral reforms and the common market. On all this regulation, Benin recorded a jump of 16 points. It is a record never equaled in the Union ”, specified the President of the UEMOA commission. Sense of satisfaction on the part of the Minister of Finance Romuald WADAGNI who introduced the delegation to the office of the Head of State. The national money maker also finds in this recognition of UEMOA a sign of encouragement to continue. These fine performances of the Beninese economy recognized and praised by UEMOA are proof of the quality of the work carried out by President Patrice TALON and his government.