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Emerging Debt: the Lessons of the Beninese Model

Summary by Financial Afrik
In a context of "Great Reset" of global rates, marked by a record debt service cost for developing countries, Benin has just completed a landmark operation. By raising $850 million via an innovative Sukuk, Cotonou is not just refinancing its debt: the country demonstrates a new financial maturity for border markets. This approach, structured for a decade by Romuald Wadagni, transforms fiscal discipline into a tool of strategic differentiation on…
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In a context of "Great Reset" of global rates, marked by a record debt service cost for developing countries, Benin has just completed a landmark operation. By raising $850 million via an innovative Sukuk, Cotonou is not just refinancing its debt: the country demonstrates a new financial maturity for border markets. This approach, structured for a decade by Romuald Wadagni, transforms fiscal discipline into a tool of strategic differentiation on…

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Financial Afrik broke the news in on Monday, January 26, 2026.
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