Benin’s National Development Financing Policy 2024–2033

Benin has launched its National Development Financing Policy (PNFD) 2024–2033, a framework to align financial resources with national priorities. Guided by the INFF, the PNFD links domestic funding, international partnerships, and innovative financing to strengthen public finances, attract private investment, and support inclusive growth, poverty reduction, and the achievement of SDGs.

Building on lessons from the previous aid-focused framework, the new policy shifts toward an integrated, country-led approach to resource mobilization. It prioritizes domestic resource mobilization (MRD) as the foundation for economic resilience and fiscal sovereignty, while complementing it with targeted use of official development assistance (ODA), foreign direct investment (FDI), diaspora remittances, and public–private partnerships.

The policy is structured around three strategic axes: strengthening the supply of financing, improving intermediation and allocation toward transformative investments, and facilitating access to finance for key actors including MSMEs, local governments, and vulnerable groups. By embedding financing strategies into national planning and budgeting, in line with the INFF approach, the PNFD enhances coherence, transparency, and investor confidence. It also emphasizes reforms in fiscal policy, PPP frameworks, green and digital finance, and decentralization to expand opportunities for inclusive, job-rich, and climate-resilient growth.

With this policy, Benin sets a strong foundation for mobilizing resources at scale, aligning financial flows with its development vision, and advancing the SDGs and Agenda 2063.