Togo: World Bank satisfied with Economic Governance Support Project

Public finance
Monday, 15 July 2019 11:52
Togo: World Bank satisfied with Economic Governance Support Project

(Togo First) - In Togo, the Economic Governance Support Project (PAGE) goes in line with the expectations of the World Bank and the European Union (EU) which finances it.

Hawa Cissé Wagué, representative resident of the World Bank in Togo said she is satisfied with the project in an interview with Erick Kaglan, Head of Communications at World Bank Togo. She declared: “I am very satisfied with progress made on the PAGE over the last months.”

The project, she adds, helped boost “public finance management capacities of the State’s monitoring institutions such as the General Inspectorate of Finance, the Audit Court and the Commission for Finance and Economic Development of the National Assembly.”   The PAGE helped “elaborate tools necessary for the budget orientation debate such as the manual for the assessment and inclusion of key public investment projects (PIP) in annual budget, and the multi-year economic and budget programming document (DPBEP).”

She also noted progress made regarding the reform of the program budget.

Comforted by the progress, the World Bank urged public authorities to continue its efforts for budget reform, enabling Togo to successfully achieve its budget transition. The latter consists in shifting from a resource budget to a program budget.

Togo is expected to adopt a program budget in 2020. In this framework, the World Bank organized on July 7-9, 2019, a session to train members of the parliament’s commission for finance and economic development. The session aimed at enabling the commission play its role in preparing the country’s budget for 2020.

Séna Akoda

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