Proparco committed to supporting Togo’s 2025 development roadmap

Economic governance
Wednesday, 01 December 2021 14:27
Proparco committed to supporting Togo’s 2025 development roadmap

(Togo First) - Proparco, the French development finance institution, recently said it is committed to backing Togo in implementing its development projects. A delegation from the institution expressed its support to President Faure Gnassingbé yesterday, in Lomé. 

The Proparco delegation is presently taking part in the Rencontres Africa forum which was recently started in Lomé.

"I had the opportunity to meet the President of the Republic and I have told him about the goals we aim at in regards to our participation in the Rencontre Africa in Lomé. I believe that with PROPARCO's support, our local partners will become stronger and continue supporting the growth of startups and SMEs, thereby enabling them to play a greater role in the creation of jobs and value in Togo," said Gregory Clemente, Proparco's Managing Director after meeting with President Gnassingbé.

This commitment to supporting Togo’s economic development “perfectly aligns with the Togolese government’s development strategy”, added Proparco’s boss. 

Before meeting the Togolese leader, the French delegation met with some local young entrepreneurs and they talked about the difficulties that these youths face in getting financing. Both sides then explored options to tackle the issue. 

Proparco is the subsidiary of the French Development Agency (AFD). Its mission is to foster sustainable development in the economic, social, and environmental spheres. The institution intervenes mainly in the following sectors: infrastructure, renewable energy, agribusiness, financing, health, and education.

Esaïe Edoh 

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