Togo: European Union commits to investing more in socio-economic projects

Economic governance
Monday, 04 June 2018 17:41
Togo: European Union commits to investing more in socio-economic projects

(Togo First) - The European Union will keep supporting Togo’s efforts to improve its business environment. This was revealed last week by the European Commissioner for International Cooperation and Development, Neven Mimica.

Addressing President Faure Gnassingbé in a speech, Mimica “strongly” reaffirmed EU’s commitment to improve its cooperation with Togo and provide support to the leader’s vision to “achieve inclusive development”.

The commitment is mostly driven by the various reforms that the government has implemented over the past two years. “We are encouraged by how your government focuses on developing private sector and boosting investment, by putting in place new social programmes and improving governance, all in order to achieve a sustainable and inclusive growth, the EU official said.

In effect, Brussels’ commitment should translate to a greater portfolio of financing and grants for the Togolese economy.

In this regard, Neven Mimica indicated that in 2014-2020, EU plans to invest €760 million (CFA700 billion) in socio-economic projects in the West African nation. Sectors concerned here are education, agriculture, health and sanitation, security, transport and commerce.

Fiacre E. Kakpo

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.