The Council of Ministers, presided over by President Romuald Wadagni, convened on November 4, 2026, and adopted several major decisions aimed at promoting governance, industrial development, social protection, and financial security. A key highlight of the meeting was the approval of the 2026-2033 Government Action Program (Pag). This program is expected to drive the country's development agenda over the next seven years. The Council also made significant appointments to key positions in the Presidency, the Supreme Court, and various ministries.
One of the major decisions made during the Council of Ministers meeting was the establishment of the Benin Industrial Development Fund. This fund, capitalized at 100 billion FCFA, is designed to support industrial enterprises by providing them with the necessary funds to undertake large-scale projects. The fund aims to accelerate the structural transformation of the national economy through industrialization, with a focus on creating a class of nationally significant and internationally competitive industrial enterprises.
The Benin Industrial Development Fund has several specific objectives. These include providing national industrial enterprises with long-term equity and quasi-equity funds to undertake large-scale projects. The fund also seeks to alleviate the credit constraints that hinder industrial investment by sharing long-term credit risks with the banking system. Additionally, it aims to reduce the time required for industrial setup by providing investors with readily exploitable industrial parks.
Another significant decision made during the Council of Ministers meeting was the creation of the National Observatory for Social Progress. This institution is expected to play a crucial role in monitoring and evaluating the country's social development. The Council also adopted the national strategy for combating money laundering and terrorist financing for the period 2026-2030. This strategy is designed to strengthen the country's efforts to prevent financial crimes.
The Council of Ministers also made several key appointments to various institutions. These appointments were made to the Presidency of the Republic, the Supreme Court, and several ministries. The appointments are expected to strengthen the capacity of these institutions to implement the government's development agenda.
The Government Action Program (Pag) for 2026-2033 is a comprehensive plan that outlines the government's priorities for the next seven years. The program is designed to drive the country's economic and social development, with a focus on industrialization, social protection, and financial security. The program's implementation is expected to have a positive impact on the country's economy and the lives of its citizens.
The Council of Ministers' decisions are expected to have a significant impact on the country's development trajectory. The establishment of the Benin Industrial Development Fund and the National Observatory for Social Progress are expected to drive industrialization and social progress. The adoption of the national strategy for combating money laundering and terrorist financing is also expected to strengthen the country's efforts to prevent financial crimes.
Key points
- The Council of Ministers approves the 2026-2033 Government Action Program to drive Benin's development agenda.
- The Benin Industrial Development Fund is established with a capital of 100 billion FCFA to support industrial enterprises.
- The Council adopts the national strategy for combating money laundering and terrorist financing for 2026-2030.
