BENIN - Economic Governance and Private Sector Development Support Programme (PAGE-DSP) - Supplementary Financing 2025 (FS 2025) (AFDB-P-BJ-K00-010)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Benin
Geographic location where the impacts of the investment may be experienced.
Specific Location
Glo-Djigbé Industrial Zone and others
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 23, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Benin -
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 27.69 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 128.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Aug 9, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the Economic Governance and Private Sector Development Support Programme (PAGE-DSP) – Additional Financing was approved by the Board of Directors of the African Development Fund on 24 November 2025 for an amount of USD 28 million. This additional financing allows Benin to complete the third phase of the programme, following the successful implementation of Phases I and II in 2023 and 2024. The programme supports the Government of the Republic of Benin in consolidating reforms aimed at strengthening economic governance and accelerating private-sector-led growth. With this new financing, the cumulative support provided under the PAGE-DSP programme reaches approximately USD 128 million, building on the strong reform track record established under earlier phases and reinforcing the Bank’s long-term engagement in supporting Benin’s structural transformation.

The main objective of the additional financing is to increase the contribution of the private sector to Benin’s economy. The programme focuses on improving the business climate, strengthening Special Economic Zones—particularly the Glo-Djigbé Industrial Zone—supporting the development of the agro-industrial sector, and enhancing climate resilience. By consolidating reforms already initiated, the programme seeks to unlock private investment, stimulate value addition, and foster a more competitive and inclusive economic environment. It also supports institutional reforms aimed at strengthening market regulation, competition policy, digital commerce, and gender-responsive public interventions, thereby reinforcing the foundations for sustainable and resilient growth.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental Category: [3] Low Risk

The environmental and social (E&S) category for SF 2025 is confirmed as low risk, corresponding to Category 3, due to the absence of major E&S risks associated with the implementation of its activities.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Programme will be financed through a Loan Agreement between the Republic of Benin and the African Development Fund (the “Fund”) for a maximum amount of 20.5 million Units of Account (UA 20.5 million).  With this new financing, the cumulative support provided under the PAGE-DSP programme reaches approximately USD 128 million.

Financial Instrument: Structural Adjustment
Commitments (UA): 20,500,000
Conversion Rate USD (2026-01-05): 1,35078
Commitments (USD): 27,690,990


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Name: Ammar KESSAB
Email: a.kessab@afdb.org

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.afdb.org/en/disclosure-and-access-to-information/request-for-documents. Under the AfDBs Disclosure and Access to Information policy, if you feel the Bank has omitted to publish information or your request for information is unreasonably denied, you can file an appeal at https://www.afdb.org/en/disclosure-and-access-to-information/appeals-process.

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at: https://www.afdb.org/en/independent-review-mechanism/

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How it works