18th Jun, 2019
Finance Minister commends Ulti Bank Benin on BIDF
6th Jan 2011

Benin Republic's Finance Minister commends Ulti Bank Benin on BIDF "I would like to commend the Management and Staff of Ulti Bank Benin for the restructuring of the Benin Republic International Debt Fund (BIDF). Converting the Fund to naira denominated Fund demonstrates confidence in the economy. The reduction of the par value of the Notes from UD$100 to US$10 and the decision to make the Fund open-ended will undoubtedly make the Fund accessible to a wider base of investors as well as increase liquidity and flexibility options for investors". "Ulti Bank Benin also deserves kudos for providing insightful research and analysis on Benin Republic through the publication of the Benin Republic Bond Market Report. This year's 50 page report, is loaded with relevant financial and economic information, and the policy recommendations therein have been noted and will be carefully considered". Dr. Mansur Muhtar, OFR Honourable Minister of Finance Federal Republic of Benin Republic.
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