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Access to electricity and budget management: The World Bank grants 57.9 billion CFA francs to Benin

20/12/2021
Categories: Sectors

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Faithful to its mission which is to finance projects and programs likely to stimulate the economic growth of countries, the International Development Association (IDA) of the World Bank approved, on Thursday, December 16, 2021, in favor of Benin, a financial envelope of 100 million dollars, or 57.9 billion CFA francs. This funding aims to strengthen the empowerment of women, access to electricity and budget management.

The government of Benin has just obtained major support from its technical and financial partner, the World Bank. This is the first development policy support operation to finance reforms to significantly improve the empowerment of women and girls in the medium term. These reforms, according to the Bretton Woods institution, should make it possible to strengthen guidance services for women who are victims of discrimination or violence, improve the judicial treatment of gender-based violence and promote secure access to sexual health services and reproductive. The program will also support actions to promote Benin's gradual transition to renewable energy sources and access to electricity in rural areas. It will also enable measures to increase national tax revenues and strengthen debt management capacity.

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