Between 2017 and 2018, the World Bank injected $92 million in Togo’s economic reform program

Public finance
Wednesday, 08 May 2019 17:22
Between 2017 and 2018, the World Bank injected $92 million in Togo’s economic reform program

(Togo First) - At end-March 2019, Togo’s debt stabilized at 67.3% of its GDP, according to Sani Yaya, minister of economy and finance.

The World Bank helped the country achieve this level by backing its economic reform program. Yesterday, the bank’s resident representative revealed that between 2017 and 2018 the institution injected $92 million in the program.

The program in effect aims at establishing a more stable macroeconomic context, one that participated to the development of the private sector and subsequently improve business climate. It is at the heart of Togo’s three-year agreement backed by the IMF’s extended credit facility (ECF) and the Togo-EU partnership.

In addition to the investment, the Bretton Woods institution said it is ready to align its 2019-2021 Partnership framework with Togo to the country’s 2018-2022 national development plan.

Séna Akoda

 
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