WASHINGTON, July 5, 2018 – The World Bank Group today approved its new partnership framework with Benin for the period July 2018 to June 2023. This framework presents the strategy pursued by the Bank with a view to helping the country achieve the development objectives defined in the Government’s 2016-2021 Action Program. “This partnership framework will support Benin’s efforts to raise its level of economic development and social well-being. It targets high impact results and will help harness synergies within the World Bank Group by making the best use of current special initiatives, maximizing funding for development and working with other international institutions to deliver. benefit from their respective comparative advantages, ”emphasizes Pierre Laporte, World Bank Director of Operations for Benin. The new country partnership framework revolves around three main axes: i) structural transformation to increase competitiveness and productivity; ii) strengthening human capital and iii) improving resilience and reducing vulnerability to disasters and climate change. More specifically, it involves supporting Benin’s rapid economic growth by promoting agricultural productivity, improving the sustainability of infrastructure (electricity, water and sanitation, digital economy), strengthening governance in terms of public finance management and contributing to the establishment of an environment more favorable to investments and to the competitiveness of the private sector. With regard to investments in human capital, the new strategy will focus on improving the quality and relevance of the education system and vocational training in order to strengthen employment, and support the establishment of health and pension systems. accessible to all and to consolidate social protection systems. Finally, it will improve the country’s resilience to economic or climatic shocks, at the local and national level.
