Public Management

Benin: World Bank approves US$200 mln for a flood-risk reduction program

Benin: World Bank approves US$200 mln for a flood-risk reduction program
Friday, 30 September 2022 21:36

The financial support is the fourth disbursement the World Bank is granting to Benin, this year, to support the implementation of its action plan.  

The World Bank, through the International Development Association (IDA), has granted US$200 million in funding to the Beninese government to strengthen the resilience of some of the country's infrastructure. The support was announced on September 29, in a release published on its website. 

The fund will help Benin minimize flooding risks in secondary cities by improving access to climate-resilient infrastructure. It is part of the vast Secondary Cities Rainwater Sanitation Program implemented by local authorities. 

“This Program for Results (PforR) operation contributes to the Secondary Cities Rainwater Sanitation Program. It will help the beneficiary communes reduce flood risks and improve the residents’ living conditions by building resilient urban drainage infrastructure and using urban planning tools,” the release explains.  

This disbursement, which supports the country's 2021-2026 action plan, aligns with the World Bank- Benin 2018-2023 Country Partnership Framework (CPF), which aims to help the country transform its economy. 

It is the fourth financing disbursed by the World Bank to Benin this year. The previous ones were aimed at strengthening access to basic health services, access to drinking water in rural areas, and economic growth.

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
GTCO wins CBN and SEC approval for 10 billion naira private placement Fundraise aims to meet holding company prudential capital...
Togo parliament approves 2026 budget at 2,751.5 billion CFA francs Budget rises 12.93% from revised 2025 spending levels Measures include...
Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect borrower data, expand regional credit information...
EGX is consulting on a revised trading schedule, extending the close to 3:00 PM and adjusting the opening to increase overlap with Gulf...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Nomba brings Apple Pay to 300k Nigerian shops. Following Paystack, this "second row" move enables ...

Beyond Online Checkouts: Apple Pay Finds a Second Row into Nigeria via Nomba
03

Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...

Kenya targets UK market to boost mango exports
04

Kenya’s CMA licensed Safaricom and Airtel Money as Intermediary Service Platform Providers (ISPPs)...

Safaricom and Airtel Money Licensed to Facilitate Capital Markets Access in Kenya
05

NALA has secured PSP and PSO licenses from the Bank of Uganda, adding to its 2024 Money Remittance...

NALA Secures Triple Licensing in Uganda, Accelerating East African Fintech Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.