Togo’s outstanding public debt securities exceeded CFA1,000 billion at the end of September 2018

Economic governance

Thursday, 13 December 2018 17:43

Togo’s outstanding public debt securities exceeded CFA1,000 billion at the end of September 2018

(Togo First) - The amount remaining to be paid by Togo as public debt securities issued via the regional financial market of the West African Monetary Union (WAMU) has, for the first time, exceeded 1,000 billion CFA. Indeed, BCEAO indicates, the figure stood at 1,039.7 billion at the end of September 2018.

According to the Apex bank, the volume of outstanding public debt securities, which is included in the country’s internal debt, is up 7% compared to end-September 2017. Then, the figure stood at CFA968.3 billion.

Of the outstanding amount, 90% are bonds while remaining 10% are treasury bills. In detail, the bonds soared 20% over the period under review, standing at 936.8 billion, whereas bills tumbled 46% down to 102.9 billion.

Across the Union, overall outstanding public debt securities was estimated at 9,724.5 billion CFA at the end of September 2018, against 8,925.2 billion the year before.

Côtre d’Ivoire is, in the Union, the greatest issuer with an outstanding State debt securities of 3,295.1 billion. Right after it comes Benin, with an outstanding debt of 1,437.2 billion.

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At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

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In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

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