Thursday, September 09, 2010

WORLD BANK GRANTS LOAN TO REPUBLIC OF BENIN


The World Bank


The World Bank



The World Bank has granted a loan amounting to six billion FCFA to the Republic of Benin, to finance the country's development projects. 


The project is to lead to the development of the poorest communities to have basic socio-economic and towards education, health and water sectors.

The financing will also help carry out several activities within the framework of the initial project, particularly the strengthening of institutional capacities within communes and communities. 

The main purpose of the project which was launched in 2005, is to promote the development of Benin's fragile infrastructure.

The project will be recognized to focus on the sectoral ministries, communes and villages communities to increase the access of the poorest communities to the basic social and financial services.