State announces a CFA1 billion project to secure more funds to achieve SDGs

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Saturday, 12 June 2021 13:57
State announces a CFA1 billion project to secure more funds to achieve SDGs


In line with its ambition to achieve the sustainable development goals (SDGs) by 2030, Togo has elaborated a project to “boost development financing to achieve SDGs in Togo.” This instrument should help the country raise more funds to achieve this objective.

The UNDP and UNICEF injected $2.1 million (about a billion CFA) in the project which was recently launched. Within a year, it should help create conditions necessary for boosting resources needed to finance SDGs. This is in the framework of the 2020-2025  roadmap themed : “A peaceful Togo, a modern nation, with an inclusive and sustainable economic growth.”

This strategy focuses on implementing coordinated actions to mobilize funds for a sustainable development, exploring opportunities for financing, and fostering a multiparty dialogue on financing national development priorities that fully engage the private sector. 

Togo will also prioritize, in this regard, a chain of planning, programming, budgeting, monitoring and evaluation (PPBSE). 

In the sectors of agriculture (SDG 1 and 8), health and nutrition (SDG 3 and 1), and education (SDG 4), specific strategies will be drawn to boost financing, to rapidly achieve the 2030 agenda and better contribute to the realization of the 2020-2025 roadmap. 

These initiatives will enable Togo to define a clear strategy for securing sustainable financing, supported by an institutional mechanism and the mobilization of both private and public funds to finance SDGs. 

Let’s recall that last year, to accelerate the realization of SDGs in Togo, the UNDP partnered with Togo Invest to finance projects that fall under the National Development Plan (PND) and which are in line with SDGs.

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