Togo: AFD’s Project Portfolio Valued at CFA130 billion

Economic governance
Friday, 17 September 2021 15:37
Togo: AFD’s Project Portfolio Valued at CFA130 billion

(Togo First) - The French Development Agency (AFD) has spent, so far, CFA130 billion to support projects in Togo. The information was revealed last Tuesday by the Presidency during the first review of the institution’s portfolio.

“The total amount that the AFD invested in Togo is CFA130 billion, including CFA49 billion in subsidies. The portfolio covers ten projects in agriculture, education, professional training, energy, water, and sanitation,” said Sandra Ablamba Johnson, minister secretary-general of the Presidency, while in the company of AFD’s country director, François Jacquier-Pélissier. 

The two parties said they were satisfied with the portfolio assessment but mentioned there are still challenges to overcome to better execute the projects. To tackle these, periodic reviews will be conducted,  for “more efficiency and efficacy in the execution of projects.”

The AFD, let’s recall, is one of Togo’s leading technical and financial partners. It supported the suspension of the debt service initiated by the Club de Paris in April 2020 and committed last April to back with CFA49 billion (€75 million) the PERECUT project - a project aimed at providing electricity to 50 Togolese municipalities.

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