Washington, DC:
An International Monetary Fund (IMF) team led by Mr. Jaroslaw Wieczorek,
Mission Chief for Togo, held virtual meetings with the Togolese authorities
from June 1–18, 2021 to discuss recent economic developments.
At the end of the visit, Mr. Wieczorek issued the following statement:
“IMF staff discussions with the authorities were focused on
measures to support the ongoing response to COVID-19, efforts to strengthen
the nascent economic recovery, the need for reforms that can be leveraged
to foster inclusive and sustainable private sector-led growth, and improve
development outcomes over the medium term. It is in this regard that
the Togolese authorities have expressed their interest in support under
the
Extended Credit Facility
(ECF).
“During the discussions, good progress was made on key assumptions
underpinning the macroeconomic framework with the aim of ensuring resources
for planned vaccinations and other COVID-19 related needs as well as
continued medium-term macroeconomic stability with fiscal space for social
and development spending.
“The Togolese authorities confirmed their commitment to reforms based on
the 2020–25 Roadmap and the National Development Plan.
“Discussions are expected to continue in the near future with a view to
finalizing the understandings on a new ECF arrangement.
“IMF staff team express their gratitude to the Togolese authorities for the open
and productive discussions."