The United States have awarded Benin through the Millenium Challenge Account (MCA), USD 375 million for the financing of electrical energy in the country. This funding will be used to produce and distribute electricity, monitor and reform the policy of the country in terms of energy, as well as setting up energy installations outside of the national network.
These funds were granted as part of the second part of the MCA. Its implementation which will cover five years will start in 2016. This agreement symbolises the biggest off-grid electrification project financed by USA in a sole country.
It will enable, according to American Vice-President Joe Biden, the promotion of economic growth. “Giving hope to people is sometimes more important than giving aid”, he declared during the signing ceremony.