IDA grants a $160 million credit to Benin’s agricultural sectors
The World Bank’s branch dedicated to poor countries, the International Development Association (IDA) has approved a $160 million credit for Benin to increase the competitiveness of its agricultural sectors, particularly pineapple and cashew nut exports. In particular, the institution has indicated that nearly 10,000 hectares of pineapple plantations and 135,000 hectares of aging cashew nut plantations will be replaced or newly developed. On the logistics side, the disbursed funds will be used in part for the construction of a freight terminal for the cold storage of perishable products and the rehabilitation of 1,200 km of roads.