News

World Bank to provide Benin $500 million for its action plan

World Bank to provide Benin $500 million for its action plan
  • Comments   -   Tuesday, 11 April 2017 - 17:02

(Ecofin Agency) - The World Bank will provide Benin a $500 million facility to support its government’s action plan. This was disclosed on April 7th by the institution’s vice-president, Makhtar Diop, while he was visiting in Cotonou.

“This is new record in regards to support facilities from the World Bank to Benin. It was possible only through the convergence of the visions of the international lender with objectives set by the Benin government, especially in relation to populations’ access to drinking water,” said Diop. He added that the amount which is to be disbursed corresponds to a 58% increase in loans granted to Benin by the Bank so far.

The government’s action plan unveiled in December 2016 requires a funding of 10 trillion CFA francs. Many donors have already promised to contribute to its achievement. Among these the International Monetary Fund which recently announced a three-year financing amounting to CFA150 billion, effective next year.

Claude Biao

SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4
“Deficits, lack of valorization instruments and of protection tools, absence of...
Read more |  27 April 2017
Agrofood Emirati firm Al Dahra has invested 156 million dirhams ($15.6 million)...
Read more |  27 April 2017
After selling two Eurobonds in 2014 ($750 million) and 2015 ($1 billion),...
Read more |  27 April 2017
Most Read | 7 days |
1 month |
1 year
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-04-21 11:56:00' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2017-03-29 11:56:00' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND a.created > '2016-04-28 12:08:32' AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.hits DESC, a.created DESC LIMIT 5
SELECT a.* FROM #__k2_items AS a WHERE a.published = 1 AND (a.catid IN (1174, 1215, 1175, 1176, 1177, 1178, 1179, 1180, 1181, 1182, 1216, 1183, 1184, 1185, 1186, 1187, 1188, 1189, 1190)) AND a.trash = 0 ORDER BY a.created DESC LIMIT 4, 4
listofid2=36799,36798,36797,36796,
reference=36799,36798,36797,36796,0

Copyright Agence Ecofin © 2015. All Rights Reserved.