Invest Benin (IFC-601619)

Countries
  • Benin
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 29, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Benin Invest
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 31, 2018

Disclosed by Bank Jul 17, 2018


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Can you contribute information about this project?
Contact the EWS Team

Project Description

Benin Invest will take stock of Benin's past efforts to improve its business environment and carry forward select activities necessary to improve critical elements of it: Starting a Business, Issuing and Managing Construction Permits, and Registering Property. The World Bank has been assisting Benin in developing these aspect of its investment climate for several years. With the low-hanging fruit picked, the focus is on the quality of the agencies, consolidation of reforms and sustainability. The activities implemented under the project will improve the quality of services provided by these public agencies, strengthen them, decrease time and cost, and increase usage of these services by the private sector.

The benefits of properly functioning agencies that address these elements of a properly-functioning private sector are interconnected. Construction permitting and registering property contribute to securing the rights of owners and facilitate the use of property as collateral thus improving access to credit. Through consolidating the progress Benin has made, these efforts will result in cost and time savings to businesses, particularly MSMEs. They will encourage the use of these systems and facilitate their proper functioning. Furthermore, they will increase transparency and the predictability of processes affecting business performance. Thus, these efforts will decrease business risk.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

No contact information provided at the time of disclosure. 

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