March 31

The World Bank Is Financing $30 Million for the Management of Classified Forests in Benin

By Boris Ngounou

The World Bank announced on March 28, 2023, the granting of new financing to Benin. The $30 million envelope is intended to strengthen the sustainable management of classified forests. Declared endangered in the southern, central and northern regions, Benin’s 46 classified forests contribute to the livelihood of local communities.

The climatic resilience of Benin’s local communities depends essentially on the restoration of forests. It is from these ecosystems that communities derive their livelihoods.

Photo courtesy of Rudi Verspoor.

Source: Afrik21 (link opens in a new window)

Environment, Finance
climate change, climate finance, forests