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Support to the Ministry of Economy of Benin: the ADB grants 400,000 dollars

15/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Diversifier et accroître mobilizing products from sustainable bond markets in order to support the implementation of national development and green transition plans. With this in mind, the African Development Bank Group (AfDB) granted to the Ministry of Economy and Finance of Benin a donation of 400,000 US dollars in the form of technical assistance support

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Le directeur du Département du développement du secteur financier du Groupe de la Bad, Ahmed Attout a indiqué que “l' une des priorités de la African Dice Bank Development as part of its new ten-year strategy 2024-2033 is to support initiatives to increase access to all finance related to sustainable development. By supporting this project, the Bank is positioning itself, both in terms of investment and technical assistance, to enable African countries to take full advantage of their potential in terms of sustainable development.” According to him, this project will make it possible to expand and deepen the long-term financing ecosystem in Benin but also on the regional market.

This project also aims to support Benin's efforts in its green transition to establish a long-term investment strategy for climate, green growth and carbon transition with the identification of green projects, and a plan to capitalize on domestic financial mobilization mechanisms. green.

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