Togo will try to raise CFA557 billion on the WAEMU market this year

Public finance
Thursday, 05 January 2023 13:03
Togo will try to raise CFA557 billion on the WAEMU market this year

(Togo First) - This year, Togo intends to borrow CFA557 billion from the regional money market to finance its annual budget (of about CFA2,000 billion). 

This is less than the amount expected in the 2022 rectifying finance bill, knowingly CFA663 billion. 

Also, data from the UMOA-securities agency indicates that Togo, last year, raised 473 billion from regional investors, thus 71% of its annual target.

Compared to 2021 when the country raised 557 billion, the amount raised in 2022 was down by 17%, and by about 32% compared to 2020 (623 billion).

Esaïe Edoh 

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