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As stated by the World Bank, the development objective of the First Boosting Inclusive Growth and Resilience Development Policy Financing with a Catastrophe-Deferred Drawdown Option for Benin is to support the government’s efforts to: (i) enhance private sector-led growth, (ii) boost domestic revenue collection, and (iii) strengthen social and climate resilience. The first reform pillar supports private sector-led growth by fostering private participation with a new public-private partnership framework, creating an ecosystem for micro-, small, and medium-sized enterprise development and growth, and improving the investment climate. The second pillar aims to build fiscal resilience and space to absorb shocks by strengthening domestic revenue collection. The third pillar of the program is intended to promote inclusive growth and reduce poverty by supporting access to health services for the most vulnerable population and deploying an adaptative social registry.
As stated by the World Bank, the project's overall risk rating is "Moderate".
As stated by the World Bank, the project "combines (i) an International Development Association (IDA) credit of EUR 136 million (US$150 million equivalent) in Shorter Maturity Loan (SML) terms, combining US$97.4 million equivalent in financing from a Scale-Up Window (SUW)-SML,1 with US$52.6 million equivalent in financing from the SML portion of Benin’s IDA country allocation; and (ii) an IDA credit of EUR 72.5 million (US$80 million equivalent) Cat DDO available to be fully or partially disbursed in the event of a natural disaster or a public health emergency."
World Bank Team Leader:
Wilfried Anicet Kouakou Kouame - Economist
No contacts provided at the time of disclosure.
Implementing Agency - Ministry of Economy and Finance:
Hermann Orou Takou - Chief of Staff
Email: htakou@finances.bj
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