Benin seals $730 million AIIB investment pipeline for 2027-2028
Benin and the Asian Infrastructure Investment Bank (AIIB) have agreed on an indicative $730 million portfolio for 2027-2028, targeting energy, transport, and climate resilience.
Key details of the agreement
The agreement, signed on September 24, sets a framework for identifying and preparing future investments in energy, transport, and climate resilience. The $730 million is not fully approved or disbursed funding; the AIIB notes that selected projects must still go through preparation, due diligence, and approval stages for each operation.
$250 Million for policy-based financing
Of the $730 million, $250 million is expected to take the form of policy-based financing, aimed 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, Region 1, and Hugues Oscar Lokossou, Minister Delegate for External Resource Mobilisation 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 describes this as its first multi-year pipeline of its kind in Africa. It builds on the partnership with Cotonou in infrastructure financing.
This cooperation already includes a major transport commitment. In December 2025, the AIIB signed a $200 million loan for the Grand Nokoué Sustainable Urban Mobility Project, part of an approximately $500 million programme co-financed with other partners.