European Union to commit up to XOF13 billion for Togo to fight Coronavirus

Economic governance
Tuesday, 21 April 2020 17:01
European Union to commit up to XOF13 billion for Togo to fight Coronavirus

(Togo First) - To help Togo fight the Covid-19 pandemic, the European Union (EU) intends to provide the country up to XOF13 billion. 

The financing, according to the EU delegation, will be disbursed in tranches. The first tranche, XOF6.3 billion, which was initially expected in November 2020 should come by the end of this month. 

The funds will be injected into the recently launched fund for solidarity and economic recovery. Togo, let’s recall, wants to mobilize XOF400 billion in total for the latter. 

The delegation added that another tranche of XOF5 billion could be disbursed before the end of June 2020. 

The last tranche, which will be trusted to the Togolese ministry of planning and cooperation, should amount to up to XOF1.6 billion. It will be dedicated to hospitals and prisons, as well as to sensitization campaigns regarding the Coronavirus. 

“Togo can count on the solidarity of the European Union to face the Covid-19,” said Bruno Hanses, acting chargé d’affaires of the EU delegation in Togo. Hanses also lauded the response of Togolese authorities in containing the spread of the virus. 

Ayi Renaud Dossavi

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