Official Development Assistance: From 2006 to 2015, Togo raised $3,283 mln

Economic governance
Friday, 10 August 2018 17:27
Official Development Assistance: From 2006 to 2015, Togo raised $3,283 mln

(Togo First) - Between 2006 and 2015, Togo received $3,283.54 million of official development assistance (ODA), with an inter-annual variation of $147.53 million. This was disclosed in the ODA report presented on August 9, 2018. 

Over the same period, the report states that ODA rose from 3.9% in 2006 to 5.5% in 2015. Meanwhile, debt level decreased significantly from 67.49% to 25.6%.

Looking at the figures, Christophe Akpoto, Head of Bilateral Cooperation at the Ministry of Planing, said ODAs have a positive impact on the country’s growth. Lauding the report, he then added: “What we praise here is the fact that we have a study that lets us know where to focus our efforts to raise more funds to finance the national development plan (PND)

The assessment which was validated after its presentation, highlights strengths and weaknesses of ODAs in regards to the implementation of development strategies (DSRP-C and SCAPE). It also contains some recommendations.

In Togo, ODAs help invest in key areas such as infrastructures, health, agricultural development, food security, as well as to fight social inequalities. In 2017, ODAs were valued at about $373 million or CFA217 billion.

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