The Republic of Benin once again amazes the world. This by mobilizing 328 billion FCFA only for large-scale social work undertaken by President Patrice Talon and his government. Strong action dependent on Minister Romuald Wadagni's Leaderchip on the financial market.
“We only lend to the rich,” says a saying. So, the government of Benin with this new success has just laid the main stone of the implementation of its commitment to make its second mandate (5years) du “hautement social”, said the Beninese Minister of Economy and Finance, Romuald Wadagni adding that "Benin has just marked the history of Africa and the world by displaying very beautifully, its commitment to achieving the SDGs through the unprecedented issue of a loan from 500 million Euros or nearly 328 billion FCFA ".
This mobilization concludes 4,95% will finance various social and environmental projects. It reflects the renewed confidence of investors in the signing of Benin and received a very favorable reception from investors., with a subscription level representing nearly 3 times the amount sought. By this operation, according to Minister Wadagni, Benin is positioned as the first African country to issue an SDG Eurobond, and one of the first in the world. The resources resulting from this program will be devoted to the implementation of the agenda 2030, including measures to integrate the SDGs.
The Sustainable Development Goals taken into account by Benin in this planning are based on four pillars in particular : "The population or the social", "Prosperity or the economy", "Planet or environment" and "peace or governance". According to the assessment of the ten-year framework of action for the acceleration of the implementation of the SDGs in Benin (2021-2030) whose report was published in November 2030, it takes for Benin close to 18 billion euros for the period 2021-2025.
It reveals an estimated cost of nearly 2,7 millions of euros (1,78 billion FCFA) for transversal actions ; a financing need of nearly 4,5 Billions of Euro's (2956 billion FCFA) for all the specific actions selected for the eligible priority targets, with a total of 181 actions dont 46% are projects, 13% programs and 41% other types of intervention. Almost half of the shares (41%) identified are financed exclusively by the national budget, 17% are financed exclusively by technical and financial partners and 24% are jointly funded by the national budget and technical partners.
Les obligations ODD/agenda 2030 are issued in several formats. Which formats have been adopted according to the principles of "Green Bonds, social or sustainable "established by ICMA: Exclusively green format (exclusive financing or refinancing of expenses belonging to environmental eligibility categories) ; format social (exclusive financing or refinancing of expenses belonging to social eligibility categories) ; format durable (financing or refinancing of expenses belonging to both the green and social categories).
The Minister of Economy and Finance of Benin, Romuald Wadagni receives recognition from the people of Benin for his leadership in the global financial market. None of his predecessors have shown themselves so positively on this carpet. Il enchante plus d’un par son leadership managérial.
Gilles HOUETONNOU (Coll)