Benin Boosting Inclusive Growth and Resilience DPF1 series with Cat DDO

The development objective of the First Boosting Inclusive Growth and Resilience Development Policy Financing with a Catastrophe-Deferred Drawdown Option for Benin is to support the government’s efforts to: (i) enhance private sector-led growth, (ii) boost domestic revenue collection, and (iii) strengthen social and climate resilience. The first reform pillar supports private sector-led growth by fostering private participation with a new public-private partnership (PPP) framework, creating an ecosystem for micro-, small, and medium-sized enterprise (MSME) development and growth, and improving the investment climate. The second pillar aims to build fiscal resilience and space to absorb shocks by strengthening domestic revenue collection. The third pillar of the program is intended to promote inclusive growth and reduce poverty by supporting access to health services for the most vulnerable population and deploying an adaptative social registry.