Benin: Fourth Poverty Reduction Support Credit (PRSC-4)

WASHINGTON, June 28, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

IDA CREDIT: US$40 million

TERMS: Grace = 10 years; Maturity = 40 years.

PROJECT DESCRIPTION: The fourth Poverty Reduction Support Credit (PRSC-4) is the first in a series of programs that will support the Republic of Benin’s new Strategy for Growth and Poverty Reduction adopted by Government in February 2007. Since 2003, the Bank has provided direct budget support to the Republic of Benin through a series of three Poverty Reduction Support Credits (PRSC1-3) that helped the country to maintain macroeconomic stability.

For more information, please callSteven Shalita at (202) 473-2907 or email:

sshalita@worldbank.org