The IFC gives details about its priorities in Togo

Economic governance
Tuesday, 29 November 2022 18:06
The IFC gives details about its priorities in Togo

(Togo First) - Sergio Pimenta, Vice President of the International Finance Corporation (IFC) for Africa, met with President Faure Gnassingbe on 28 November. The two men met on the sidelines of the African Financial Industry Summit held in Lomé, Togo. 

On the occasion, the IFC’s VP for Africa talked about his institution’s priorities for Togo in the coming years. "We discussed financial inclusion and many other major areas of our priorities which are the development of agriculture, agribusiness, logistics, and transport which are important sectors of the Togolese economy. Togo is a very important country for the IFC,” Pimenta said.

The IFC also plans to strengthen its partnership with Togo, based on the latter’s “consistent commitment to the promotion of financial industries across the continent.”

Currently, the IFC’s portfolio in Togo is estimated at CFA450 million. The World Bank’s private sector financing arm, in the West African nation, finances mainly social infrastructure projects, digital projects, and energy and agricultural transformation (SMEs and SMIs) projects.    

Esaïe Edoh

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