Fitch Revises Benin's Outlook to Positive Following the Re-opening of Border With Nigeria
Key Rating Drivers The revision of the Outlook to Positive reflects our baseline expectation that Benin will return to strong growth as the impact of the pandemic fades and following the re-opening of the border with Nigeria. It also reflects our view that the government will gradually reverse the temporary deterioration in public finances and stabilise government debt at well below the forecast ‘B’ median over the next few years. The re-opening of the border, shut by Nigeria between August 2019 and December 2020, should allow bilateral trade flows to recover in 2021. However, the i...
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