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
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...
Togo adopts new strategy to mobilize diaspora investment, skills Plan targets entrepreneurship, agriculture, and private sector...
In 2024, Niger stripped GoviEx, now known as Atomic Eagle, of the Madaouela uranium project. As efforts to address what the company considers a grievance...
Rwanda ISP Canalbox restores service after regional fiber outage Regulator ordered compensation, penalties over April disruptions Customers...
Kenyan opposition files court bid to block Safaricom stake sale $1.58 billion deal would give Vodacom majority control Critics cite lack of...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....