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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.

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