Covid-19: How much did Togo get from lenders?

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Wednesday, 02 June 2021 14:53
Covid-19: How much did Togo get from lenders?

(Togo First) - In 2020, Togo received more than CFA135 billion in budgetary support to fight Covid-19. The figure comes from the annual report on public debt issued by the ministry of finance and economy. 

The supports were provided by the International Monetary Fund (IMF) and the International Development Association (IDA), mostly. The two Bretton Woods institutions detain nearly 69% of Togo's external debt, CFA329 billion. Other lenders were pan-African bodies. 

IMF and IDA provided 76% of funds secured by the West African country to tackle the pandemic. While the first disbursed over CFA79 billion, the World Bank, which supported the Novissi program via the IDA, provided a little more than CFA23 billion.  

Other entities such as the African Development Bank (AfDB) and the Banque Ouest Africaine de Développement (BOAD) disbursed respectively 12 billion and 21 billion for Togo. The BOAD mobilized 196 billion to help its member States fight the pandemic when it was at its peak.  

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