eurobond ODD 2023 impact report by fbatonon October 13, 2023 1:18 pm | Leave your thoughts The 2023 edition of the impact report provides an update on the main achievements and final beneficiaries of the projects, programmes and eligible expenditure financed by Benin’s SDG Eurobond funds. It has been prepared with the participation of all stakeholders and is the result of joint input from, among others, the Management Units of the... Read more
BENIN Sustainable Development Report 2023 by fbatonon July 18, 2023 4:37 pm | Leave your thoughts The “Benin Sustainable Development Report 2023” is the second in a series of reports produced as part of the partnership between the Government of Benin and the United Nations Sustainable Development Solutions Network (SDSN) (box 1). This edition was prepared by the SDSN’s newly created SDG Transformation Centre. This report aims to present the performance... Read more
Interview with the SDSN Head of Mission by fbatonon March 7, 2023 10:06 am | Leave your thoughts I am Eve de la Mothe Karoubi, Head of Networks and Director of the Benin Project between my institution which is the Sustainable Development Solutions Network (SDSN) and the government of Benin. What are the objectives of this second mission to Benin? My colleague and I are delighted to have the opportunity to return on... Read more
Finance law 2023 by fbatonon December 25, 2022 8:54 am | Leave your thoughts The National Assembly has adopted the finance law for management 2023. Of the 3,033.337 billion FCFA authorized by the deputies, more than 1,000 billion FCFA address social issues with a prospect of economic growth of 6.5% . Download the 2023 finance law
Public accounting: the State chart of accounts under review by fbatonon May 27, 2021 9:45 am | Leave your thoughts Officials of the General Directorate of the Treasury and Public Accounts (DGTCP), members of the Order of Chartered Accountants and Accountants, representatives of the Court of Auditors, experts in public finance management, officials of the Ministry of State in charge of Economy and Finance met on May 26, 2021 for the revision of the Draft... Read more
Sanitation of cities and support for the response to Covid-19: two financings of 91.7 billion signed between the EIB and Benin by fbatonon May 20, 2021 3:39 pm | Leave your thoughts This Thursday, May 20, 2021 was held at Sèmè One the ceremony of confirmation of the signing of financing contracts relating to projects “Rainwater sanitation in the cities of Benin” and “health response against Covid-19 ”. It was face-to-face with three members of the Beninese government, the Ambassador, Head of the EU Delegation then by... Read more
Summit on the financing of African economies: Full interview with Romuald WADAGNI on RFI (Transcript) by fbatonon May 19, 2021 2:58 pm | Leave your thoughts Beninese Minister of Economy and Finance Romuald WADAGNI on Rfi this Wednesday, May 19, 2021, interviewed by Christophe BOISBOUVIER. On the menu, the meeting in Paris, international financial solidarity for the benefit of developing countries, debt, the sustainability of this debt, the necessary good governance. Read the full interview with Patrice TALON’s representative at the... Read more
Summit on the financing of African economies in Paris: Update on the participation of Benin by fbatonon May 19, 2021 2:24 pm | Leave your thoughts The Minister of Economy and Finance, Romuald WADAGNI represented the Head of State, His Excellency Patrice TALON at the Summit on the financing of African economies which opened this Tuesday, May 18 in Paris (FRANCE). The idea for this summit germinated at the Élysée Palace in the fall of 2020, when the IMF estimated that... Read more
Improvement of the business climate: reforms for the resolution of commercial disputes in Benin by fbatonon May 7, 2021 9:07 am | Leave your thoughts The many innovations contained in the provisions of the Law on the Modernization of Justice (LMJ) in Benin, were presented yesterday at private sector and Beninese justice actors at the Novotel Orisha in Cotonou. It is thanks to an Afterwork co-organized by the Sévérin ministers QUENUM from Justice and Legislation, and Romuald WADAGNI from Economy... Read more
Official missions: the SEMO passenger verification platform launched by fbatonon May 1, 2021 8:00 am | Leave your thoughts The conference room of the Ministry of the Economy and Finance was the setting on Thursday April 29, 2021 for the launch of the SEMO platform for the control of passengers on official missions. It was thanks to a solemn ceremony which saw the presence of representatives of travel agencies, airlines, officials of the Ministry... Read more
Cross-border trade: The facilities offered by Benin exposed to economic operators by fbatonon May 1, 2021 7:32 am | Leave your thoughts “Facilitating cross-border trade at the Port of Cotonou: What do you need to know?” It is around this theme that the exchanges of the participants in the afterwork organized by the Minister of Economy and Finance, Mr. Romuald WADAGNI on Thursday, April 29, 2021 at the Golden Tulip Hotel, gravitated. Were present, customs and its... Read more
Starting a business in Benin: Three major innovations to remember by fbatonon April 27, 2021 2:41 pm | Leave your thoughts The creation of a business in Benin is done 100% online hoisting Benin according to UNCTAD as the fastest country in the world in the field. But he does not intend to limit himself on such a good path. After the dematerialization of the procedure, a new battery of measures are offered to business creators... Read more
Benin mobilizes 326 million euros for the modernization and strengthening of the national electricity transmission and distribution network by fbatonon April 2, 2021 12:03 pm | Leave your thoughts The Republic of Benin, represented by the Minister of Economy and Finance Romuald Wadagni, signed today a Credit Agreement with the international bank Natixis and benefiting from the guarantee of the French export credit agency Bpifrance Assurance Export. This operation constitutes the largest export financing ever mobilized by Benin. The country is thus once again... Read more
Moodys rating agency raises Benin’s rating to B1- stable by fbatonon March 11, 2021 11:27 pm | Leave your thoughts The international financial rating agency Moody’s announced on March 9 the upgrading of the rating of the Republic of Benin from “B2 with positive outlook” to “B1 with stable outlook”. This adjustment is the first rating improvement by Moody’s for an African country since the start of the Covid-19 crisis. This decision reflects in particular... Read more
Benin, the first country to benefit from a “stable” to “positive” outlook revision from the FITCH agency since the start of the Covid-19 crisis. by fbatonon February 15, 2021 10:58 am | Leave your thoughts The rating agency Fitch improves the rating outlook for Benin to “B / Positive”: the agency’s first “stable” to “positive” outlook revision on the rating of a sovereign since the start of the pandemic The international financial rating agency Fitch has raised the rating outlook for the Republic of Benin from “stable” to “positive”, making... Read more
Circular on the terms of application of the fiscal provisions of the finance law for 2021 management by fbatonon January 9, 2021 8:11 am | Leave your thoughts Law n ° 2020-33 of December 24, 2020, on the finance law for the 2021 management, introduced measures granting tax advantages for the benefit of households and businesses but also measures to reduce, improve and modernize the tax system which are in line with the Government’s policy and the strategic vision of the tax administration.... Read more
Banking formalities: Biometric identification documents are accepted by fbatonon January 8, 2021 9:26 pm | Leave your thoughts The identification documents issued by the National Agency for the Identification of Persons (ANIP) are valid for opening files and other banking formalities. By circular note N 021 / MEF / DC / USMEF / CTE / SP of January 08, 2021, the Minister of Economy and Finance Romuald WADAGNI reminds credit and microfinance institutions... Read more
Budget execution: Here are the execution instructions and modalities by fbatonon January 8, 2021 9:17 pm | Leave your thoughts The implementation of the general budget of the State fiscal year 2021 has was launched this Thursday, January 07, 2021. Due to compliance with barrier measures against the spread of COVID-19, it is by videoconference that the launch ceremony took place. Thus executives of the Ministry of the Economy and of Finance, actors in the... Read more
Organization of the 2021 presidential election: 14,416,959,243 CFA francs adopted as budget by fbatonon December 28, 2020 11:20 am | Leave your thoughts The budget for the organization of the presidential election April 2021 is known. It was adopted this Wednesday, December 23, 202 after work in budget committee held by the National Electoral Commission Autonomous (CENA) in conjunction with the Ministry of the Economy and Finance. In total 14,416,959,243 CFA francs will be made available to institutions... Read more
Organization of the 2021 presidential election: 14,416,959,243 CFA francs adopted as budget by fbatonon December 28, 2020 11:20 am | Leave your thoughts
To fight COVID-19: IMF grants US $ 177.96 million to Benin by fbatonon December 23, 2020 3:50 pm | Leave your thoughts Benin still has the confidence of the institutions of Bretton Woods. As proof, the International Monetary Fund (IMF) has just endowed the country with a large pot in order to cope with the Coronavirus pandemic. Read the institution’s press release below. Press release The IMF Executive Board Approves $ 177.96 Million in Emergency Aid US... Read more
Digital transformation of the administration: reflections at the MEF for the conservation and security of electronic archives by fbatonon December 22, 2020 4:49 pm | Leave your thoughts Executives from the Ministry of the economy and finance (MEF) met this Tuesday, December 22, 2020 at the conference room of their institution to reflect on the issues of archive management in an increasingly digital context. “Digital transformation of public administration and archives management ”, this is the chosen theme for the work of this... Read more
Public Treasury: Training for the unification of accounts launched by fbatonon December 4, 2020 12:08 pm | Leave your thoughts The Coordinator of the Reform Management Unit (UGR), Alban Bessan, proceeded on Thursday 03 December 2020, at the Infosec in Cotonou, in the presence of Mathieu Hounnanou, Inspector General of Public Treasury Services, at the launch of the first series of training of the actors of the Single Treasury Account (CUT). Provide stakeholders with Single... Read more
SEMO: The platform for better management of official missions by fbatonon November 20, 2020 10:33 am | Leave your thoughts Reforms within the framework of the consolidation of public finances and the rigorous monitoring of administration continues with the launch this Thursday, November 19, 2020, of the multi-stakeholder and multifunctional web application of the official missions (SEMO). The ceremony took place at the Yellow River room of the Ministry of Foreign Affairs. The SEMO platform,... Read more
