India Offers $100 Million Help to Benin to Achieve its Sustainable Development Goals

India has presented concessional financial support of USD 100 million to Benin with an objective to help the West African country meet its Sustainable Development Goals.

The two sides signed four agreements and Memoranda of Understanding (MoU). Two MoUs were signed, including an MoU in the field of export credit and investment insurance, and another on the e-VBAB network project, according to the Ministry of External Affairs.

Addressing the National Assembly of Benin, President Kovind said: “We are honored that we have been able to share our expertise and resources, in whatever manner possible, to support food, energy, water and health security in Benin. We hope to soon complete the up-gradation of Water Supply Schemes in 103 villages in your country through a financing arrangement of USD 42 million.”

“Our partnership under the International Solar Alliance can help us light a million homes in a sustainable manner and provide access to energy to people in the remotest corners. To further enhance our development cooperation, today I offered President Talon concessional financial assistance of USD 100 million to help Benin meet its Sustainable Development Goals,” he added.

The President further acknowledged the West African country for joining hands with India as stakeholders in the International Solar Alliance and strengthening the global fight against climate change and terrorism.