Togo to adapt its national development plan to tackle Covid-19

Economic governance
Wednesday, 26 August 2020 10:43
Togo to adapt its national development plan to tackle Covid-19

(Togo First) - Togo will review its national development plan to adapt to the coronavirus crisis which affects both the local and global economy. 

This was announced by the minister of economy and finance, Sani Yaya, at the beginning of the 19th national review of reforms’ performances. 

On the occasion, the official declared: “We can learn a lot from the Covid-19 pandemic (...), especially about rethinking our economic model to make it less dependent on external economies and therefore more resilient to external shocks.”

Concretely, the "updated" and "revised" development plan should focus even more on agro-industrial development and agricultural value chains. “The new policy will revolve around creating growth clusters of industrial processing units of our raw materials, particularly in the agricultural and industrial sectors to develop value chains and create more jobs,” the minister said.

As a reminder, articulated in three axes, the Plan aims to achieve a growth rate of 7.6% by 2022, and create 500,000 direct jobs in the process.

Ayi Renaud Dossavi

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