Togo : Budget support was up in 2018  

Economic governance
Monday, 13 May 2019 15:38
Togo : Budget support was up in 2018  

(Togo First) - From XOF11.3 billion in 2016 and 2017, Togo’s budget support soared to XOF34.9 billion last year, data from the BCEAO shows. Quite a leap especially considering that the amount was almost null in 2014 and 2015.

The feat is due to the effective implementation of many governance reforms, paired with a growing commitment of Togolese authorities to pursue talks with partners such as the World Bank, related to reform policies.

The Bretton Woods institution in the second half of 2018 provided a budget support of $40 million, saying “it is satisfied with its cooperation” with Togo. A disbursement conditioned by some economic reforms and announced in May that year.

This year, World Bank could provide another budgetary facility to the West African country.

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