IMF Staff Country Reports

Togo: Staff Report for 2013 Article IV Consultation

February 7, 2014

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Togo: Staff Report for 2013 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Also available in: français

Summary

This Debt Sustainability Analysis update highlights Togo’s continued moderate risk of debt distress. After full Heavily Indebted Poor Countries (HIPC) assistance, Multilateral Debt Relief Initiative, and beyond HIPC assistance, Togo’s external and public debt indicators improved significantly in 2010/11 and remained stable under the previous Extended Credit Facility–supported program. In 2012, Togo contracted significant external debt. Although debt indicators are projected to remain below the policy-relevant indicative thresholds in the 20-year period under the baseline scenario, Togo remains vulnerable to certain shocks and could breach the policy-relevant thresholds for the present value (PV) of debt to GDP, PV of debt to exports, PV of debt to revenue, and debt-service-to-revenue ratios under some alternative scenarios in the outer years.

Subject: Budget planning and preparation, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP)

Keywords: Article IV discussion, Authorities' action, Authority, Budget planning and preparation, CFA franc, CR, Economic growth, Global, Government, Government debt management, Government efficiency, Government finance high frequency data, Government sector, I. Togo risk assessment matrix, Increase revenue, ISCR, PFM reform plan, Public investment and public-private partnerships (PPP), Revenue, Revenue administration efficiency, Togo, Treasury cash management committee, Treasury operation, West Africa

Publication Details

  • Pages:

    80

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2014/038

  • Stock No:

    1TGOEA2014001

  • ISBN:

    9781475574975

  • ISSN:

    1934-7685

Notes