Togo gets $4.5mln grant from European Union to boost economic governance  

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Monday, 15 April 2019 10:35
Togo gets $4.5mln grant from European Union to boost economic governance  

(Togo First) - Togo has just received a $4.5 million grant from the European Union (EU). The related agreement was signed last Friday in Washington, between the World Bank and a Togolese delegation.

The Togolese delegation was led by Sani Yaya, minister of economy and finances, and Tignokpa Demba, minister of planning and development while the World Bank was represented by its representative in Togo, Hawa Cissé Wagué, and Pierre Laporte, outgoing Chief of operations of the Bretton Woods institution in Togo.

The grant is actually an EU subsidy arranged by the World Bank, to support the implementation of Togo’s Economic Governance Support Programme (PAGE).

The project’s purpose is to improve investment management, mobilization of internal resources, and strengthen reimbursement mechanisms as well as better monitoring of goods and services supply in key sectors,” declared Yaya.

This is a successful example of synergy between actions of the WB and the EU to help Togo fight poverty and improve governance,” he added.  

The PAGE, let’s recall, was officially launched in October 2018. The program which will be implemented over five years, benefits from a $20mln financing from the World Bank and the EU.

Ayi Renaud Dossavi, special envoy, Washington

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