• Benin unveils green finance framework to mobilize funds for climate initiatives
• Ten priority sectors include renewable energy, transport, water, and agriculture
• Move builds on July 2024 climate finance roundtable with World Bank and IMF

Benin has launched its green finance framework to raise funding for eco-friendly and climate-related projects. Announced on September 3, 2025, the initiative will channel capital into ten priority sectors: renewable energy, sustainable transport, energy efficiency, water management, climate adaptation, biodiversity conservation, sustainable agriculture, green buildings, circular economy, and waste management.

A steering committee under the Ministry of Economy and Finance will oversee implementation, supported by a technical unit to select projects and measure their impact. The government will prioritize new projects to maximize environmental and social impact.

The framework builds on the momentum of the July 2024 climate finance roundtable held in Cotonou with the World Bank and the International Monetary Fund (IMF), where donors welcomed Benin’s push to integrate green finance into its development strategy.

“This green finance framework once again shows Benin’s commitment to building a resilient and sustainable economy. It reflects our determination to align financing policies with climate and development priorities, while meeting the highest international standards. Our goal is to attract global investors willing to support Africa’s green transition,” said Romuald Wadagni, Minister of State for Economy and Finance.

On July 31, 2025, Benin became the 21st member of the International Platform on Sustainable Finance (IPSF), which will give it access to technical discussions on green taxonomies, standards, and climate finance regulation.

Since 2019, Benin has launched several green initiatives, including issuing sustainable bonds, integrating ESG criteria into public policies, and signing in April 2025 a framework memorandum with the World Bank in Washington to boost green finance mobilization. The goal is to attract more capital for the country’s ecological transition and strengthen Benin’s credibility in international negotiations on support mechanisms, transparency rules, and sustainable finance standards.