EU disburses the first tranche of 2019-2020 budget support for Togo

Economic governance
Wednesday, 03 June 2020 17:30
EU disburses the first tranche of 2019-2020 budget support for Togo

(Togo First) - The European Union (EU) has provided Togo the first tranche of the €9.5 million (XOF6.2 billion) committed to the West African country under its 2019-2020 budget support. 

The monies should mainly be used to handle the health and economic emergency resulting from the Covid-19 pandemic. 

“These funds, which are directly transferred to the public treasury, will add to resources needed for the government’s response against the pandemic,” declared Demba Tignokpa, minister of planning and cooperation. This response, he recalled, includes the Novissi cash transfer scheme, free water and electricity for the poorest, and requisitioning hotels where suspected cases are quarantined.

In the coming days, credible sources indicate, another tranche of €7.5 million should be provided to Lomé by the EU. 

Ayi Renaud Dossavi

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