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LOANS & CREDITS June 26, 2020

Benin - First Fiscal Management and Structural Transformation Development Policy Financing - Supplemental Financing

Development Policy Grant: US $25 million equivalent

Development Policy Credit: US $25 million equivalent

Maturity: 38 years    Grace: 6 years

Project ID: P174008

Project Objectives Description: The program development objectives are to (1) strengthen fiscal and debt management; (2) improve the financial sustainability of the energy sector; and (3) foster the development of the digital economy. The supplemental financing is needed to help the Government of Benin close an unexpected financing gap due to the COVID-19 pandemic, and minimize the impact of the crisis on continued implementation of reforms supported under the Benin First Fiscal Management and Structural  Transformation Development Policy Operation approved in December 2019.

For more information about this project, visit https://projects.worldbank.org/en/projects-operations/project-detail/P174008


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