MCC approves $35M threshold program for Togo

Economic governance
Wednesday, 04 April 2018 18:31
MCC approves $35M threshold program for Togo

(Togo First) - The administration board of the Millenium Challenge Corporation (MCC) just approved its threshold program for Togo, few months after postponing this decision due to the recent political crisis that the country experienced. “I am pleased to announce the MCC Board of Directors’ approval of the Togo Threshold Program,” said Jonathan Nash, MCC's Acting CEO.

To secure this approval, Togolese authorities had to, with the help of US authorities, implement some political and institutional reforms which the MCC said is ready to support even further.

The program which includes a $35 million (CFA18.7 billion) facility aims to boost economic growth and reduce poverty in the country. It focuses on two major aspects: improving land management and access to ICT.

In the ICT sector, the program will specifically help boost populations’ access to quality and affordable services, while fostering private investment for a more inclusive development. As for land, the Threshold program will accelerate formalization process to access lands by legitimizing customary rights and boosting inclusive access in this sector, among others. This will be done via the new land code which is presently at the parliament’s level.

Regardless of the approval, MCC is still keeping an eye on Togo in regards to the respect of human rights and freedom of association and expression. Less significant than MCC’s subsidy program, the Threshold was designed for countries that have shown commitment in improving their political performances, but still do not meet eligibility criteria for more important investments.  

Fiacre E. Kakpo 

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