Benin and AIIB agree on $730 million indicative investment pipeline
Benin and the Asian Infrastructure Investment Bank (AIIB) have reached an agreement on an indicative portfolio worth $730 million for the 2027-2028 period. The deal, signed on 24 September, is designed to serve as a framework for identifying and preparing future investments in energy, transport, and climate resilience.
This amount does not represent funding that has already been fully approved or disbursed. The AIIB clarifies that selected projects will still need to go through their own preparation, due diligence, and approval stages.
$250 Million tied to public policies
Of the $730 million under consideration, $250 million is expected to take the form of policy-based financing, aimed in particular at supporting Benin’s Vision 2060. The portfolio may also mobilise AIIB instruments dedicated to energy, food security, economic resilience, and climate finance.
The agreement was signed by Rajat Misra, AIIB Director General for public sector clients in Region 1, and Hugues Oscar Lokossou, Minister Delegate in charge of Mobilising External Resources and Debt Management. AIIB President Zou Jiayi and Aristide Medenou, Minister of Economy and Finance in charge of Cooperation, attended the signing.
AIIB’s first multi-year pipeline in Africa
The AIIB presents this arrangement as its first multi-year pipeline of its kind in Africa. It builds on the closer relationship with Cotonou in infrastructure financing.
This cooperation already rests on a major initial commitment in transport. In December 2025, the AIIB signed a $200 million loan for the Grand Nokoué Sustainable Urban Mobility Project, part of a programme of around $500 million co-financed with other partners.
