Official Development Assistance: Togo secured $440 million in 2018

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Friday, 20 September 2019 16:24
Official Development Assistance: Togo secured $440 million in 2018

(Togo First) - In 2018, Togo received $440.3 million of official development assistance, according to Christophe Akpoto, Head of bilateral cooperation. This, he revealed yesterday as the 2018 report on ODA was released.

The amount is 12.9% up compared to 2017 when the funds amounted to $389.85 million.

In detail, most of the monies provided to the country last year came from the World Bank (21%), Exim Bank of China (12%), Germany (11%), the European Union (12%), Japan (8%), BOAD (7%), AFD (6%) and AfDB (4%).

After Germany and Japan which are the countries that provide most ODAs to Togo, France is next.

Funds received by the country, according to Atokpo were injected in all three axes of the national development plan, with axis 3 (fostering human development and inclusion) capturing the largest share, $243.75 million. Next was axis 1 and 2 with respectively about $135 million and $61 million. While the former focuses on making Togo a logistics and financial hub, the latter concentrates on industrial development.

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