Togo: 2007 Article IV Consultation and First Staff Review of the Staff-Monitored Program: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Togo

June 25, 2007

Preview Citation

Format: Chicago

Togo: 2007 Article IV Consultation and First Staff Review of the Staff-Monitored Program: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Togo, (USA: International Monetary Fund, 2007) accessed September 20, 2024

Also available in: français

Summary

The 2007 Article IV Consultation highlights Togo’s developments and performance under the Staff-Monitored Program (SMP). Togolese banks have the highest nonperforming loan (NPL) ratio in the West African Economic and Monetary Union (WAEMU) area, reflecting primarily past lending to loss-making enterprises in the cotton and phosphate sectors. Executive Directors commended the progress made in restoring fiscal discipline and strengthening governance, in particular the reforms to strengthen tax and customs administration and improve expenditure control.

Subject: Arrears, Asset and liability management, Banking, Debt Relief, External debt, Fiscal consolidation, Fiscal policy, Public debt

Keywords: Arrears, Authorities' effort, Authority, Clearance strategy, CR, Debt relief, Fiscal consolidation, Global, ISCR, Sub-Saharan Africa, Tax arrears recovery, Terms of trade shock, Togo, Unity government, West Africa

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/217
Stock No:

1TGOEA2007002
ISBN:

9781451836592
ISSN:

1934-7685

Notes

Also Available in French.

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