The International Monetary Fund predicts a “modest” economic growth for Benin this year as the nation continues to reel from the impacts of the global financial crisis.

    “The adverse effects of the global economic crisis continue in Benin, where growth will remain modest in 2010 and the authorities predict only a gradual recovery in growth to 3.5 percent next year,” said Mario de Zamaroczy, IMF mission chief for Benin.

    The IMF mission that visited Benin Sept. 21-Oct. 4 recommended a “prudent” budget policy through 2011, the mission chief added.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.