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
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6%...
AJN Resources moves deeper into African gold with deal for 55% of DRC’s Giro project Acquisition adds Kebigada and Douze Match deposits as gold...
Proparco lends $23 million to Sonoco to build a 600-ton/day flour mill in Freetown Project aims to cut flour imports and supply regional...
Move follows delays, stalled investment decision and BP’s earlier withdrawal Government prioritizes domestic gas supply while keeping option for...
Galp and TotalEnergies strike asset-swap deal giving TotalEnergies control of Namibia’s Mopane find Galp gains stakes in Venus and PEL 91 as firms...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...