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According to bank provided information, the operation will finance the increase in the Republic of Benin's membership capital contribution in the African Trade and Investment Development Insurance (ATIDI)'s equity. Through this operation, the Republic of Benin will increase its access to ATIDI's wide range of guarantee and trade insurance products supporting investment and trade.
Increasing Benin's membership contribution to the capital of African Trade and Investment Development Insurance (ATIDI) will unlock additional access to the range of trade and investment insurance instruments offered by ATIDI in the country.
The operation will support Benin's stated development priorities and in particular the EU Global Gateway partnership objectives in the country: Green Energy, Sustainable & Inclusive Growth & Jobs, and Port of Cotonou, Sustainable Transport & Trade.
This directly benefits local private sector actors, including micro, small and medium-sized enterprises (MSMEs), as well as foreign investors and trade operators, contributing to private sector development and foreign direct investment (FDI) for the country's economy. As a result, the operation will ultimately support industrial development, manufacturing and trade across various productive sectors of the economy.
Finally, the proposed operation will directly contribute to Sustainable Development Goal (SDG) 1 "No Poverty", SDG 8 "Decent work and economic growth", and SDG 9 "Industry, Innovation and Infrastructure", among others.
Given the nature of the services sought, there is no expected negative environmental impact associated with the Republic of Benin increasing its membership contribution to the capital of ATIDI.
Due to the identified Global Gateway priority areas, which include Green Energy, Sustainable & Inclusive Growth & Jobs, and Port of Cotonou, Sustainable Transport & Trade, the operation contributes to climate action and environmental sustainability objectives, in particular to climate mitigation and adaptation.
The promoter will have to ensure that the implementation of the project will be done in accordance with EIB's Guide to Procurement.
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | African Trade Insurance Agency | Client | - |
*Contact information not provided at the time of disclosure*
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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