This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Togo and the IMF. Additional information can be found on Togo and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Togo.
At a Glance
- Togo joined the Fund in August 1, 1962; Article VIII
- Total Quotas: SDR 146.8 Million
- Loans outstanding: ECF Arrangements SDR 114.54 Million
- Last Article IV Consultation: 2019 Article IV Consultation (Report No. 19/205, July 2, 2019)
Togo and the IMF
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March 1, 2024
The Executive Board of the International Monetary Fund (IMF) approved a 42-month arrangement under the Extended Credit Facility (ECF) for Togo. The arrangement will provide financing of SDR 293.60 million (about US$390 million), with an immediate disbursement of SDR 51.38 million (about US$68.3 million).
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December 19, 2023
Series:Country Report No. 2023/435
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December 14, 2023
• The IMF Executive Board approved today a new two-year arrangement under the Resilience and Sustainability Facility (RSF) in an amount equivalent to US$200 million. The Board also completed the Third Review under the existing EFF/ECF, giving Benin immediate access to an additional US$136 million.
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December 12, 2023
Series:Country Report No. 2023/403
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December 8, 2023
IMF staff and the Togolese authorities have reached staff-level agreement on economic policies and reforms to be supported by a new 42-month arrangement under the Extended Credit Facility (ECF) of about US$390 million to address pressing spending needs, including due to increasing security concerns and to preserve stability and social inclusion.
Regional Economic Outlook for Sub-Saharan Africa
October 10, 2023
LIGHT ON THE HORIZON?
Still emerging from the COVID-19 pandemic, countries in sub-Saharan Africa have been hit by a sluggish global economy, worldwide inflation, high borrowing costs, and a cost-of-living crisis. In many cases, inflation is still too high, borrowing costs are still elevated, exchange-rate pressures persist, and political instability is an ongoing concern. To ensure that the coming rebound is more than just a transitory glimpse of sunshine, it is important for authorities to guard against a premature relaxation of stabilization policies, while also focusing on reforms to both claw back lost ground from the four-year crisis and also to create new space to address the region’s pressing development needs.
Read the Report
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.