Sandra Johnson recently met World Bank’s new resident representative

Economic governance
Tuesday, 26 July 2022 17:27
Sandra Johnson recently met World Bank’s new resident representative

(Togo First) - Sandra Johnson, Minister, Secretary General of the Togolese Presidency, and Governor of the World Bank in Togo received on July 18, Fily Sissoko, the new resident representative of the World Bank. The meeting was also attended by Coralie Gevers, Director of Operations of the Bretton Woods institution for Togo.

The audience revolved around "the issue of a win-win partnership between Togo and the World Bank." According to Johnson, who is the kingpin of the business improvement in Togo since 2019, the World Bank is a strategic partner that "supports our country in its various innovative projects." 

In recent years, the World Bank portfolio in Togo has grown to $917.5 million, thanks, especially, to the progress that the country made regarding its policies and management of its institutions (CPIA). Now, Togo hopes for a significant increase in this portfolio under the new Country Partnership Framework (CPF) being finalized.

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The two parties also discussed the allocation of resources for the 20th replenishment of the International Development Association (IDA-20), the World Bank's fund for the least developed countries.  In its framework, the World Bank revealed, earlier this month, in  Dakar, that it would provide $65 billion for 39 African countries. The financing will, however, be approved within a specific framework, and endorsed in the Senegalese capital again.  

"IDA donors and borrowing countries agreed to maintain the four special themes defined for IDA-19: climate change, fragility, conflict and violence, gender equality, and employment and economic transformation. They are introducing a fifth special theme, human capital," the World Bank said in its final communiqué issued after the meeting in Dakar.

According to Sandra Johnson, during her meeting with the World Bank’s executives last week, the Bretton Woods institution reiterated its commitment "to continue supporting the implementation of the government's roadmap to strengthen economic and social inclusion, and to make Togo a logistical and financial hub.“

The World Bank, it should be recalled, finances several projects of the Togolese government roadmap, including its biometric ID project, the West African Coastal Management Program (WACA ResIP), or the Infrastructure and Urban Development Project (PIDU).

Fiacre E. Kakpo

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