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Benin: Fifth Poverty Reduction Support Grant (PRSC-5)

5:49 AM Posted by NEW TECHNOLOGY

WASHINGTON, January 22, 2009 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA Grant: US$30 million

Project Description: This grant aims to support implementation of Benin’s poverty reduction strategy. Specifically, it would support: (i) modernizing the regulatory framework and policy environment for private investment and infrastructure; (ii) increasing progress toward the MDGs by raising the quality, efficiency and access for basic social services; and (iii) promoting better governance through public financial management reforms.

Media Contact

Rachel McColgan-Arnold

(202) 458-5299

rmccolgan@worldbank.org

For project documents, please visit:

http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=322639&menuPK=322673&Projectid=P107498

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