FDI in Togo should grow by 16% on average every year in 2019-2024, IMF says

Economy
Wednesday, 20 November 2019 15:56
FDI in Togo should grow by 16% on average every year in 2019-2024, IMF says

(Togo First) - Foreign direct investments to Togo should grow by 16% on average per year over the 2019-2024 period. This was forecasted by the International Monetary Fund (IMF).  

According to the institution, the figure should reach XOF85.9 billion (up 15.6% compared to last year) this year. By 2024, it should double, reaching about XOF178 billion.

The improvement should, IMF says, be driven by a better business climate as a result of measures implemented under the national development plan. Let's recall that 65% of the latter is to be financed by the private sector.  

"Unless socio-political tensions restart, economic recovery should continue. Major public projects (new roads and the expansion of the port and the airport) paired with the permanent improvement of the business climate should spur private and foreign investments in the medium term," the Fund said. 

togofirst mobile

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.