IDA CREDIT: US$30 million
TERMS: Grace Period= 10 years; Maturity= 40 years
PROJECT DESCRIPTION: The objective is to support the implementation of Benin's Poverty Reduction Strategy Credits (PRSC) and to strengthen the Government's capacity to design and carry out its own development and poverty reduction programs. Broadly, PRSCs focus on policies and reforms with the highest poverty impact and where IDA has a comparative advantage.