Benin raises 2018 economic growth forecast to 6.5 percent

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COTONOU, Oct 27 – Benin’s government raised its economic growth forecast for this year to 6.5 percent, up from an earlier estimate of 6 percent, and said it anticipates 6.5 percent growth in 2019 too.

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Speaking alongside the head of an International Monetary Fund (IMF) mission to the West African country late on Friday, Finance Minister Romuald Wadagni said this year’s growth would be about 1 percent higher than last year.

IMF mission head Luc Eyraud said Benin was respecting the terms of its three-year financial assistance programme with the Fund and that the increased growth was due to strong agricultural production and demand from neighbouring Nigeria. (Reporting By Allegresse Sasse; Writing by Aaron Ross; Editing by Alison Williams)

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