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

  • The economy slowed down to an estimated 4.0% from 5.2% in 2015 mainly due to electoral activity and lower growth in neighbouring Nigeria.
  • Growth is projected to pick up in 2017 to 5.5% and 6.2% in 2018 with the start of the government’s 2016-21 action programme, which aims to double investment over the period.
  • Supporting entrepreneurship for processing agricultural products and transitioning towards the formal sector can particularly help to industrialise the economy and ensure sustainable and more inclusive growth.

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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

M. John Andrianarisata, Country Manager

West Africa Region

Mr. M. Janvier LITSE, Director West Africa Region

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

TEL. : (+225) 20 26 40 47