Benin and World Bank launch 10-year initiative to boost jobs and human development

Cotonou witnessed a landmark event on Friday, July 17, as Benin and the World Bank Group (WBG) jointly inaugurated a decade-long Country Partnership Framework (CPF) spanning from 2026 to 2036. This ambitious framework is designed to accelerate Benin’s inclusive and sustainable economic transformation while addressing pressing development challenges.

The launch ceremony drew high-level participation, including key members of the Beninese government, international diplomats accredited in the country, and development partners. The event underscored the shared commitment to fostering long-term growth and prosperity in West Africa’s coastal nation.

Three pillars to drive Benin’s future

The newly established CPF 2026-2036 is structured around three strategic priorities:

• Human capital enhancement: Focused on improving nutrition, healthcare access, and vocational training to build a skilled workforce for tomorrow’s economy.
• Essential infrastructure development: Expanding access to reliable energy, transportation, and digital networks to unlock economic opportunities across regions.
• Private sector-led economic transformation: Strengthening business ecosystems and fostering entrepreneurship to create sustainable jobs and drive innovation.

The framework also integrates a Resilience and Prevention Program, aimed at reinforcing national stability and social cohesion—critical factors for long-term progress.

Aligned with Benin’s vision for 2060

WBG Operations Director General Anna Bjerde praised the vision outlined by Benin’s President Romuald Wadagni and his administration, emphasizing that the CPF launch comes at a pivotal moment for the country. She highlighted the alignment with Benin’s strategic roadmap, Alafia Bénin 2060, which charts a course toward sustainable prosperity by mid-century.

« This partnership will translate high ambitions into tangible results, particularly for young people and entrepreneurs, » Bjerde stated. She stressed that investments in human capital and productive infrastructure are fundamental to fostering durable, job-creating growth in Benin.

The WBG’s commitment extends to supporting Benin’s efforts to enhance national economic competitiveness and improve living standards for all citizens, she added.

National priorities at the core

Benin’s Minister of Economy, Finance, and Cooperation, Aristide Medenou, affirmed that the CPF 2026-2036 perfectly aligns with the government’s national priorities. Key focus areas include:

• Agricultural modernization to boost food security and rural incomes.
• Private sector growth to diversify the economy and create employment.
• Youth empowerment through targeted training and job placement programs.

The government views the CPF as a catalyst for accelerating socio-economic transformation, building resilience against future shocks, and securing brighter prospects for generations to come.