Milestones in Compact Development
||December 11, 2013
||As a result of a failure to pass the Control of Corruption indicator on MCC's scorecard, the Board did not reselect Benin as eligible in FY2014. However, to encourage Benin to improve its scorecard performance the Board supported an MCC approach of "limited engagement" in FY2014. In keeping with this approach, Benin is not eligible to sign a compact and some components of development of a potential compact have been placed on hold. MCC is working with Benin to improve its scorecard performance.
|Concept Paper Received
||April 15, 2013
||UCF submitted detailed project proposals (concept papers) for agribusiness institutional reform and enabling transportation and energy infrastructure. Further due diligence has narrowed potential compact investments to two geographic zones (centered around Cotonou and Parrakou) and five value chains (cashew, cassava, maize, pineapple, and shea). Areas for potential policy and institutional reform include agricultural market regulation, taxation, transport, power, and trade.
||December 19, 2012
||MCC Board of Directors reselected Benin as eligible to continue developing a second compact.
|Concept Note Received
||September 14, 2012
||UCF submitted project proposals (concept notes) for rural infrastructure, business environment, value chain support and renewable energy between September and November 2012
||August 22, 2012
||The Government of Benin's Unité de Coordination de la Formulation du 2eme Programme et du Suivi des Reformes de MCA-Benin (UCF) completed analyses of constraints to growth and private investment, social and gender inclusion, and private sector opportunities in August 2012. The findings of these assessments were validated through nationwide consultations with civil society, women’s organizations, private businesses, donors, and local as well as national government stakeholders.
||December 15, 2011
||MCC Board of Directors selected Benin as eligible to develop a second compact.