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    Reference: 20200624
    Release date: 16 September 2020

    Promoter – Financial Intermediary

    REPUBLIQUE DU BENIN

    Location

    Description

    The project aims to mitigate the impacts of the COVID-19 pandemic by providing finance to the Republic of Benin for a range of eligible measures to support the health emergency response and pandemic preparedness interventions under the country's COVID-19 health response plan.

    Objectives

    The objective of the operation is to help the Government of Benin to meet emergency needs in the health sector directly related to the COVID-19 pandemic in line with the Government's "Preparedness and response plan to COVID-19 in Benin (March-August 2020)." The project is key, first, to save human lives and second, to respond to the emergency and prepare the system for a likely possible further escalation and spread of the COVID-19 pandemic in Benin.

    Comments

    The project will contribute to the achievement of Sustainable Development Goal (SDG) 3 (Good Health and Well-Being), to which both the EU and the EIB are fully committed.

    Sector(s)

    • Health - Human health and social work activities

    Under Global Europe NDICI guarantee

    Under EFSD+ Guarantee

    Proposed EIB finance (Approximate amount)

    EUR 30 million

    Total cost (Approximate amount)

    EUR 33 million

    Environmental aspects

    The Bank will require that the Promoter ensure that the implementation of the project will be done in accordance with the Bank's Environmental and Social Principles and Standards.

    Procurement

    The Bank will require that the Promoter ensure that the implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 27/11/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Benin Health