Benin

Benin

Benin and the AfDB

Cooperation between the African Development Bank and Benin dates back to 1972. Financing provided by the Bank since that date amounts to UA 709 million, corresponding nearly to FCFA 550 billion, and covering several areas. The Bank’s investments in this country are as follows: transport, 27.8 per cent; agriculture, 26.3 per cent; multi-sector, 18.8 per cent; social sector, 15.8 per cent, electricity, water, sanitation and communication, 10.5 per cent; finance 0.5 per cent and industry 0.3 per cent.

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Benin Economic Outlook

Real GDP growth rose from 4% in 2016 to an estimated 5.5% in 2017. The next two years look similarly promising, with growth projected at 6.1% in 2018 and 6.5% in 2019. Economic performance in 2016–17 was principally the result of reforms taken under the 2016–21 Government Action Plan, known as Benin Revealed, to increase public investment in infrastructure, agriculture, tourism, and basic services. This positive outlook is also due to substantial increases in agricultural production, especially in cotton (estimated at 450,000 tons in 2016), an increase in electricity production, and economic recovery in Nigeria, an important trading partner.

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Key Facts

Flag:
Capital: Porto Novo
Area: 112,620 sq km
Total Population 2017: 11.5 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 10.4 Billion
GNI Per Capita 2015: US$ 860
Inflation Rate: 2.12%
Crude Birth Rate (per 1000): 34.80%
Human Development Index (rank / 188): 167
Human Development Index (scale 0 to 1): 0.485
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 708.1 Million

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Contacts

Benin Country Office

S/C PNUD
Rue des Dominicains Lot 111 – Zone Résidentielle
Cotonou, Bénin

Tél : (+229) 21313134 / 21313079

Mr John Andrianarisata, Country Manager

West Africa Region

Mrs Marie-Laure Akin-Olugbade, Director General

African Development Bank Group
24ème Etage, Immeuble CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

TEL. : (+225) 20 26 40 47