World Bank disbursed 37% of funds it projected to provide Togo last year

Friday, 20 November 2020 12:30
World Bank disbursed 37% of funds it projected to provide Togo last year

(Togo First) - The World Bank disbursed 37% of the funds it planned to provide Togo in the previous fiscal year (July 2019-June 2020). 

This is “one of the best disbursement rates relating to the portfolio of projects financed by the Bank in Africa, where the average is 22%,” said the WB’s resident representative, Hawa Cissé Wagué last Tuesday. 

Wagué however stressed that the disbursement rate should be increased considering populations’ ever-growing needs. We know we can do more because populations’ needs keep increasing and there are available resources. 

For his part, Sani Yaya recalled the Bank’s commitment to helping Togo “put in place conditions that induce an inclusive and sustainable growth, driven by a more dynamic private sector and more efficient investment policies.”

Since the beginning of the pandemic, the Bretton Woods institution has injected CFA50 billion in three projects - one in the health sector, another in education, and the last in economic reforms. Overall, the country’s disbursements in the country so far amount to $400 million. 

Séna Akoda

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