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Benin First Fiscal Management and Structural Transformation Development Policy Operation

Abstract*

The development objectives of First Fiscal Management and Structural Transformation Development Policy Financing Project for Benin are to support the government to: 1) strengthen fiscal and debt management; 2) improve the financial sustainability of the energy sector ; and 3) foster the development of the digital economy. This operation is organized around three pillars: (1) Strengthen fiscal and debt management; (2) Improve the financial sustainability...

* 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 Program Development Objectives are to support the Government to : 1) strengthen fiscal and debt management; 2) improve the financial sustainability of the energy sector ; and 3) foster the development of the digital economy.

Key Details

Project Details

  • P168668

  • Closed

  • Nathalie Picarelli , Jose Lopez Calix

  • Republic of Benin

  • Benin

  • June 4, 2019

  • (as of board presentation)

    December 12, 2019

  • December 17, 2019

  • US$ 0.00 million

  • Ministry of Economy and Finance

  • Western and Central Africa

  • 2020

  • US$ 100.00 million

  • N/A

  • March 6, 2024

  • December 31, 2020

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 50.00
IDA Credit 50.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 100.00
IBRD + IDA Commitment 100.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of January 31, 2025

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

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 15, 2023 IDA-65260 Int Charges 183,183.58
May 15, 2022 IDA-65260 Int Charges 174,907.95
May 15, 2022 IDA-66940 Int Charges 89,596.50
May 15, 2022 IDA-66940 Int Charges 89,596.50
Nov 15, 2022 IDA-66940 Int Charges 89,803.50
Jun 26, 2020 IDA-D6670 Loan Commitment 25,000,000.00
May 15, 2022 IDA-65260 Int Charges 174,907.95
Dec 12, 2019 IDA-65260 Loan Commitment 50,000,000.00
Dec 12, 2019 IDA-D5460 Loan Commitment 50,000,000.00
May 15, 2024 IDA-65260 Int Charges 182,265.94
May 15, 2024 IDA-65260 Int Charges 182,265.94
May 15, 2024 IDA-66940 Int Charges 93,365.63
May 15, 2024 IDA-66940 Int Charges 93,365.63
Nov 15, 2023 IDA-65260 Int Charges 182,956.28
Nov 15, 2023 IDA-65260 Int Charges 182,956.28
Nov 15, 2023 IDA-66940 Int Charges 93,719.25
Nov 15, 2023 IDA-66940 Int Charges 93,719.25
May 15, 2023 IDA-66940 Int Charges 93,835.69
May 15, 2023 IDA-66940 Int Charges 93,835.69
May 15, 2023 IDA-65260 Int Charges 183,183.58
Nov 15, 2022 IDA-66940 Int Charges 89,803.50
Nov 15, 2022 IDA-65260 Int Charges 175,312.05
Nov 15, 2022 IDA-65260 Int Charges 175,312.05
Dec 27, 2019 IDA-65260 Loan Disb 50,052,276.00
May 18, 2020 IDA-65260 Int Charges 139,569.40
May 18, 2020 IDA-65260 Int Charges 139,569.40
Dec 30, 2019 IDA-D5460 Loan Disb 50,196,728.00
Jun 30, 2020 IDA-D6670 Loan Disb 25,175,310.00
Jul 6, 2020 IDA-66940 Loan Disb 25,980,800.00
Nov 17, 2020 IDA-65260 Int Charges 199,978.98
Nov 17, 2020 IDA-65260 Int Charges 199,978.98
Nov 17, 2020 IDA-66940 Int Charges 73,414.71
Nov 17, 2020 IDA-66940 Int Charges 73,414.71
May 15, 2021 IDA-65260 Int Charges 203,977.89
May 15, 2021 IDA-65260 Int Charges 203,977.89
May 15, 2021 IDA-66940 Int Charges 104,487.56
May 15, 2021 IDA-66940 Int Charges 104,487.56
Nov 15, 2021 IDA-66940 Int Charges 98,764.88
Nov 15, 2021 IDA-66940 Int Charges 98,764.88
Nov 15, 2021 IDA-65260 Int Charges 192,806.20
Nov 15, 2021 IDA-65260 Int Charges 192,806.20
Jun 26, 2020 IDA-66940 Loan Commitment 25,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2020-06-29
Program Management Satisfactory 2020-06-29
Monitoring and Evaluation Satisfactory 2020-06-29
Overall Implementation Progress (IP) Moderately Satisfactory 2020-06-29

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-17-2022
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-28-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • R.6. Photovoltaic capacity installed (MW)Value0 MW25 MW30 MW
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • R.1.Domestic tax revenue as percentage of GDPValue482.9 CFAF684 CFAF603.6 CFAF (+25 percent)
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • R.2.1 Average lead time (number of days) for processing VAT credits refundsValue60.0015.0030.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • R.7. Number of digital service providers registered by supervisory bodyValue0.000.000.00
    DateDecember 31, 2019December 31, 2021December 31, 2021
    Comment
  • R.8. Access to enhanced broadband internet, percent of populationValue17.8038.4020.00
    DateDecember 31, 2019December 31, 2021December 31, 2021
    Comment
  • R.9. Number of online services provided for citizens in the National Portal of public servicesValue60.00130.00100.00
    DateDecember 31, 2020December 31, 2021December 31, 2021
    Comment
  • R 2.2 Percent of taxpayers using the devices for invoicing VAT and e-paymentsValue15.0068.0045.00
    DateDecember 31, 2019December 31, 2021December 31, 2021
    Comment
  • R 4. Percent of technical and commercial losses of SBEEValue24.0023.4020.00
    DateDecember 31, 2018December 31, 2021December 31, 2021
    Comment
  • R.5. Operational deficit of SBEEValue18 percentageSurplus achieved in 202017 percentage
    DateDecember 31, 2019December 31, 2021December 31, 2021
    Comment
  • R 3.1 Percent of non-concessional and commercial loans approved after face-to face consultations of the National Debt CommissionValue90.00100.00100.00
    DateDecember 31, 2019December 31, 2021December 31, 2021
    Comment
  • R.3.2 Number of years for which the SOE debt statistics is published in CAA websiteValue3.004.004.00
    DateDecember 31, 2020December 31, 2021December 31, 2021
    Comment