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First Fiscal Reform and Growth Credit

Abstract*

The development objectives of this First Fiscal Reform and Growth Development Policy Financing Project for Benin are to: a) support macroeconomic stability by strengthening fiscal management; and b) promote economic growth by increasing agricultural productivity and competitiveness and strengthening the power sector’s financial viability and production capacity. This Development Policy Operation (DPO) series aims at supporting the government’s effort...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The overarching goal of the proposed FRGC series is to boost real economic growth, reduce poverty and increase opportunities for the poorest in the population. The FRGC programmatic series will focus on two critical objectives: (i) re-establish fiscal and debt sustainability; and (ii) accelerate growth and extend opportunities to the poorest in the population.

Key Details

Project Details

  • P160700

  • Closed

  • Andrea Coppola , Boulel Toure

  • Ministry of Economy and Finance

  • Benin

  • December 12, 2016

  • (as of board presentation)

    November 28, 2017

  • December 14, 2017

  • US$ 40.00 million

  • N/A

  • March 6, 2024

  • June 30, 2018

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 40.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 40.00
IBRD + IDA Commitment 40.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 40.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Feb 1, 2022 IDA-61530 Int Charges 143,314.38
Feb 1, 2022 IDA-61530 Int Charges 143,314.38
Feb 6, 2023 IDA-61530 Int Charges 136,869.12
Feb 6, 2023 IDA-61530 Int Charges 136,869.12
Aug 1, 2023 IDA-61530 Int Charges 139,615.03
Aug 1, 2023 IDA-61530 Int Charges 139,615.03
Aug 12, 2024 IDA-61530 Loan Repay 136,732.80
Aug 12, 2024 IDA-61530 Int Charges 136,732.80
Aug 12, 2024 IDA-61530 Int Charges 136,732.80
Aug 12, 2024 IDA-61530 Loan Repay 442,030.25
Feb 1, 2024 IDA-61530 Int Charges 137,409.40
Feb 1, 2024 IDA-61530 Int Charges 137,409.40
Feb 1, 2024 IDA-61530 Loan Repay 572,539.25
Aug 7, 2018 IDA-61530 Int Charges 26,209.22
Dec 29, 2017 IDA-61530 Loan Disb 40,635,928.00
Nov 28, 2017 IDA-61530 Loan Commitment 40,000,000.00
Aug 7, 2018 IDA-61530 Int Charges 26,209.22
Aug 7, 2018 IDA-61530 Int Charges 147,426.86
Aug 7, 2018 IDA-61530 Int Charges 147,426.86
Feb 1, 2019 IDA-61530 Int Charges 145,786.95
Feb 1, 2019 IDA-61530 Int Charges 145,786.95
Aug 1, 2019 IDA-61530 Int Charges 140,263.38
Aug 1, 2019 IDA-61530 Int Charges 140,263.38
Feb 1, 2020 IDA-61530 Int Charges 140,307.86
Feb 1, 2020 IDA-61530 Int Charges 140,307.86
Aug 1, 2020 IDA-61530 Int Charges 150,649.48
Aug 1, 2020 IDA-61530 Int Charges 150,649.48
Feb 1, 2021 IDA-61530 Int Charges 153,592.44
Feb 1, 2021 IDA-61530 Int Charges 153,592.44
Aug 1, 2021 IDA-61530 Int Charges 151,304.19
Aug 1, 2021 IDA-61530 Int Charges 151,304.19
Aug 2, 2022 IDA-61530 Int Charges 130,010.74
Aug 2, 2022 IDA-61530 Int Charges 130,010.74

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-14-2020
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 02-22-2021PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.