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Project to Support Development and Productive Agricultural Investments: Benin signs 02 financing agreements with AFD

06/07/2023
Categories: Economy/Forex

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The Minister of State, Romuald Wadagni, in charge of Economy and Finance, and the Africa Director of the French Development Agency (AFD) signed, on Wednesday, July 5, 2023, in Paris, two financing agreements for the Project Supporting Development and Productive Agricultural Investments (PADIAP).

29.3 million euros, or 19.2 billion FCFA, this is the financing of the French Development Agency for the implementation of the Support for Development and Productive Agricultural Investments (PADIAP) project. AFD's financing is in the form of a loan (25 million euros or 16.4 billion FCFA) and grants (4.3 million euros or 2.8 billion

FCFA).

PADIAP will allow the development of infrastructures in various sectors (maize, rice, soybeans, etc.) through the development of agricultural and pastoral areas as well as the technical supervision of producers in the management of their farms. The project will be implemented in 16 municipalities in the agricultural development cluster 4. These are 5 municipalities of Borgou Sud (Nikki, Pèrèrè, Parakou, N'dali, Tchaourou), 6 of the Collines (Bantè, Dassa-Zoumè, Glazoué, Ouèssè, Savalou, Savè), 04 of La Donga (Bassila, Copargo, Djougou, and Ouaké), 01 of Zou (Djou

) Idja).
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