Benin Compact
Benin Compact
as of March 31, 2012
- Total Grant Value:
$307,298,040 - Total Amount Committed:
$302,263,090 (98%) - Total Amount Expended:
$302,263,090 (98%)
Expenditures are the sum of cash outlays and quarterly accruals for work completed but not yet paid or invoiced.
| Project | Estimated Beneficiaries | Estimated Benefits |
|---|---|---|
| Access to Financial Services Project | N/A - The Access to Financial Services Project will provide operational and technical support to microfinance institutions, which should translate into better services and additional loans to their clients. Because it is difficult to quantify how many clients will benefit from this project, beneficiaries are not estimated. | $21,100,000.00 |
| Access to Justice | 2,237,060 | $76,100,000.00 |
| Access to Land Project | 307,000 | $50,100,000.00 |
| Access to Markets Project | 8,791,830 | $262,300,000.00 |
The above estimates are based in the best, currently available, information and may be updated if new, reliable, data are available.
The total beneficiary count for the Compact may not be the sum of the different project beneficiary counts because of overlaps between Projects. In other words, some beneficiaries benefit from more than one project but are counted only once in the total beneficiary count.
Total benefits expected from each project are obtained from the ERR analysis MCC conducts during due diligence. Beneficiary counts, although consistent with benefit streams identified in the economic analysis, are not necessarily derived from these models (which are concerned with costs and benefits rather than beneficiaries). MCC estimates and reports expected beneficiaries when sufficiently reliable data exists to support the estimation. If such evidence is lacking, no estimation is attempted, resulting in an underestimation of projected beneficiaries for the Compact. Calculating the amount of benefit per beneficiary would therefore give an overestimation and can be misleading.
| Project | Objective |
|---|---|
| Access to Financial Services Project | Expand access to financial services through:
|
| Access to Justice | Improve the ability of justice system to enforce contracts and reconcile claims by:
|
| Access to Land Project | Increase access to land through more secure and useful land tenure by:
|
| Access to Markets Project | Improve access to markets through:
|
Projected Results by End of Compact
The Benin Compact aims to achieve the results below by the end of the Compact in October 2011.
- Increase the volume of merchandise traffic through the port of Cotonou from 4.1 to 6.3 million metric tons,
- Increase the proportion of households investing in their land from 43% to 47% in rural areas and from 40% to 48% in urban areas,
- Reduce the average time required to enforce a contract from 720 to 370 days, and
- Increase the value added of micro, small and medium sized enterprises participating in the Challenge Grant Facility by $5 million.
Results to Date
Information on results to date is available in the Table of Key Performance Indicators (a subset of the full set monitored under the Benin Monitoring and Evaluation Plan). The full set of performance indicators is detailed in the Monitoring and Evaluation Plan.
Impact Evaluation Framework
In addition to careful monitoring of implementation performance and measurement of preliminary results, MCC will be funding several independent evaluations that will assess what would have happened in the absence of the MCC investments and measure the gains in income that can be attributed specifically to MCC-funded activities. Read about the impact evaluations of the Access to Land and Access to Financial Services activities. More information is also available in the Monitoring and Evaluation Plan