The special Codir, organized this Monday, March 25, 2019, at the Ministry of the Economy and Finance allowed the national treasurer, Romuald WADAGNI to explain to his direct collaborators, general managers and others, the process of successful mobilization of 500 million euros, or 328 billion FCFA on the international market. The Minister received a standing ovation and was distinguished by the presentation of an honor roll by his collaborators, in recognition of important success for the country.

It is with congratulatory applause that the Minister of Finance, Romuald WADAGNI was welcomed by the general and technical directors of the ministry and his advisers on Monday, March 25, 2019. It was the Secretary General of the Ministry, Joël Darius ZODJIHOUE who explained to the participants the objective of the special Codir. It is with great success that they followed the success of the historic issue of the Benin Eurobond on the international financial market, the secretary general said. On this occasion, Minister Romuald WADAGNI specified that it is a collective success, the work and the merit of all his collaborators. In turn, the directors general who followed the minister to meet international investors in Europe and the United States for the success of the operation explained how Benin was presented and sold to potential investors to achieve this great success. Indeed, it should be mentioned that it is Benin has just succeeded, the first inaugural bond issue in euros in the history of African international issues under the leadership of the Minister of Finance Romuald WADAGNI. The country led by Patrice Talon since April 2016, raised on Tuesday March 19, 2019, 500 million euros, or 328 billion FCFA on the international market. How Minister Romuald WADAGANI mobilized investors from the international market?

From March 12 to 18, 2019, the Minister of Economy and Finance of Benin, Romuald WADAGNI, led a delegation to meet international investors in Europe and the United States. The national financier has chosen to carry out this tour of the main financial centers in order to be able to present to investors the concrete results of the implementation of the Government Action Program (PAG), including key structural reforms, growth strong economic and rapid reduction of the budget deficit. These meetings made it possible to demonstrate the solidity of Benin’s fundamentals, the relevance of the PAG and the seriousness of the reforms implemented since 2016. On March 19, 2019, the Ministry of the Economy and Finance successfully raised 500 million euros (328 billion CFA), for a final maturity of 7 years. The repayment profile of this instrument, which can be amortized over the last three years (2024, 2025, 2026), also aims to reduce the refinancing risk and is part of the strategy of prudent management of the public debt.