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The coastal state unleashes its power

Map of Benin

Robust economic growth, significant government investment – the World Bank and the International Monetary Fund certify that Benin has a good fiscal policy. The country has a good understanding of how to manage its public revenues and expenditures, and hence to promote economic development. Benin ranks third in West Africa, behind Rwanda and Senegal, in the World Bank Index for efficient governance. Poverty is nevertheless widespread. The economy is dependent on cotton exports and transit trade with Nigeria. The port of Cotonou is of major importance to the country’s economy. Economic diversification and a fairer distribution of resources should lead to more inclusive growth and a reduction in poverty.

To this end, KfW Development Bank supports the vocational training system, promotes the sustainable use and protection of natural resources, improves wastewater disposal and access to clean drinking water, and contributes to digitalisation in public administration.

Local office

KfW Office Cotonou

Director KfW Office: Dr Günter Roos
B.P. 504

Phone: +229 21 31 01 07
Fax: +229 21 31 49 64

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