Combining coastal protection with private‑sector–led growth to strengthen the blue economy value chains in Benin and Mauritania.

WASHINGTON, March 17, 2026 – The World Bank Group today approved a total of $240 million, including $207 million from the International Development Association (IDA) financing, $5 million from the PROBLUE trust fund, and $28 million in private capital, to launch the first phase of the West Africa Coastal Areas Blue Economy and Resilience Program (WACA+). The program will help Benin and Mauritania protect vulnerable coastlines from erosion and floods, strengthen blue‑economy value chains, and create thousands of new and better‑paid jobs for coastal communities.