2023-2024: World Bank announces $200M budgetary support for Togo

Economic governance
Tuesday, 21 February 2023 18:12
2023-2024: World Bank announces $200M budgetary support for Togo

(Togo First) - Over this year and the next, the World Bank will provide Togo with budgetary support of $200 million (CFA120 billion). The facility should cover sectors such as agriculture, energy, financial inclusion, education, social protection and gender.

This was disclosed on February 20, 2023, during a meeting between the Togolese Secretary General of the Presidency of the Republic, Sandra Ablamba Johnson, and Coralie Gevers, Director of World Bank Operations in West and Central Africa.

The two talked mainly about the World Bank’s priorities in Togo and of bolstering the relationship between the two sides. 

The World Bank's budget support is based on three pillars, in line with the strategic axes of the Togo 2025 government roadmap. "These are to promote sustainable and inclusive development, strengthen human capital and resilience to shocks, and create budgetary space for priority spending from state resources and public enterprises," the Togolese Presidency stressed.

So far the World Bank’s portfolio in Togo comprises 18 projects, including 9 national projects (worth $420.10 million, or more than CFA252 billion), and 9 regional projects (worth $535.53 million, or about CFA322 billion).

Ayi Renaud Dossavi

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