UNIDO to provide Togo $2.5 million to support its economic restart after Covid-19 crisis

Economy
Wednesday, 17 June 2020 15:22
UNIDO to provide Togo $2.5 million to support its economic restart after Covid-19 crisis

(Togo First) - The United Nations Industrial Development Organization (UNIDO) plans to raise $2.5 million in the weeks to come to support Togo to restart its economy after the coronavirus-induced sanitary crisis. 

In effect, the money will be used to boost the production capacities of SMEs, incubators, artisans, and farmers. The main motive behind the move is to support local processing of commodities and revitalize chains of value in agricultural sectors. 

According to the UNIDO, the post-Covid period will certainly not allow things to return to how they were. Therefore, it is crucial to provide some resilience to the local socio-economic fabric.

In-depth, the UN entity will encourage local actors to produce protection tools (sanitizers, masks, etc.) to fight the pandemic while the economy is being revived. 

Ayi Renaud Dossavi

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