Togo: EU to inject €3 million into a public finance management project

Public finance
Wednesday, 07 June 2023 03:50
Togo: EU to inject €3 million into a public finance management project

(Togo First) - The European Union will invest 1.8 billion FCFA (€3 million) in a capacity-building project designed by the International Monetary Fund (IMF). The project is set to help Togo’s Ministry of Economy and Finance implement key reforms in public finance management. 

Known as the "Public Finance Management Strengthening" initiative, the project will be carried out over the period 2023-2026. It aims to strengthen practices in the areas of program budgeting, green public finance management, public investment, and budgetary risks, according to the IMF. 

The three-year initiative builds on the progress made under two previous projects, which supported Togolese authorities with reforms such as the introduction of gender-responsive budgeting, and program budgeting, in 2012-2016 and 2017-2022. An IMF mission is visiting Togo this week (from 5 to 8 June) for the launch of the project.

Ayi Renaud Dossavi

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