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Benin: EBRD shareholder profile

aerial view of a town in Benin

In April 2024, Benin became the 75th shareholder of the European Bank for Reconstruction and Development (EBRD) – and the first in sub-Saharan Africa – following the completion of its membership process.

Benin submitted its request to become a shareholder in July 2023, and the Board of Governors approved its membership in October 2023.

At the EBRD’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to the Agreement Establishing the EBRD to enable a limited and incremental expansion of its operations to sub-Saharan Africa and Iraq.

Once that amendment is in force, which requires formal acceptance by the majority of the EBRD’s shareholders, the Bank will be able to take forward Benin’s request to become a country of operations.

Once it becomes a country of operations, Benin will be able to benefit from the EBRD’s financial and policy support.