USAID. MISSION TO BENIN
Benin : economic support program (BESP)
Economic Support Program for FY 1991 provides a cash transfer of $1.3 million as part of a multi-donor effort to support the Government of Benin"s (GOB) economic stabilization program.
1991
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Abstract
The cash transfer constitutes the principal U.S. bilateral contribution to Benin"s exceptional financing requirements under the World Bank/IMF structural adjustment program for 1990-93. Funds will be disbursed in one tranche and will be used to service multilateral debt. The funds will be disbursed directly to the multilateral institution designated by the GOB; thus, no local currency will be generated. The program contains no policy conditionality.
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