Central Banks

Benin Sees IMF Agreement as Top Priority For New Government

Former Beninese Finance Minister Romuald Wadagni won the country’s presidential election on April 12.

Photographer: Olympia de Maismont/AFP/Getty Images

Benin’s newly elected government plans to seek a new International Monetary Fund program when it enters office in May, as it looks to sustain economic growth that’s made it an outlier among peers.

“Another IMF program will be a priority for the new government,” said Aristide Medenou, the director-general of the economy in the finance ministry who’s leading the West African nation’s delegation to the IMF Spring Meetings in Washington. “We are seeking another program because it has always been in our plan to work with the IMF.”