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On 09 September 2015, acting on behalf of the Government of the United States, MCC, the Millennium Challenge Corporation, signed with the Government of Benin a second Grant Agreement (Compact) mainly focused on electric power. The 375 million USD Compact consists of a grant from the Government of the United States of America and a national counterpart from the Government of Benin in the amount of 28 million USD. Its goal is to reduce poverty in Benin by accelerating economic growth through investments in the electricity sub-sector. The Benin Compact will be implemented from June 22, 2017 to June 21, 2022, over a period of five years. The Millennium Challenge Account-Benin ("MCA-Benin II") was created to implement the program of the Compact. For more information please visit the MCA-Bénin II website. |