The EU releases new financing to support Togo’s state budget

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Friday, 24 July 2020 15:20
The EU releases new financing to support Togo’s state budget

(Togo First) - Yesterday, the European Union provided Togo XOF4.9 billion in support of its State budget.

The related ceremony took place between Bruno Hanses, chargé d’affaires of the EU delegation, and Demba Ayaovi Tignokpa, the minister of development planning and cooperation. 

It should be noted that earlier in June, the first facility also aimed at supporting Togo’s state budget was injected by the EU into the treasury. The corresponding amount of this facility was XOF 6.3 billion. In addition to being used to create budgetary space, the monies were to contribute to the economic recovery and solidarity fund. The latter is a fund set up by President Faure Gnassingbé in which XOF400 billion should be injected. 

Séna Akoda

togofirst mobile

 
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