Togo: 2002 Article IV Consultation and Review of the Staff-Monitored Program-Staff Report; and Public Information Notice on the Executive Board Discussion

IMF Staff Country Reports, December 8, 2003

Source details

Canonical URL: Togo: 2002 Article IV Consultation and Review of the Staff-Monitored Program-Staff Report; and Public Information Notice on the Executive Board Discussion

Togo's macroeconomic situation remained difficult owing to its political uncertainty, falling cotton prices, and continued problems in phosphate production under the Staff-Monitored Program.
Executive Directors stressed the need to improve fiscal stance, address structural issues, and reinforce the role of cotton producers.
They urged the authorities to press ahead with efforts to improve the compilation of economic and social statistics.
Executive Directors considered that Togo's participation in the General Data Dissemination System would help establish a framework for broad-based improvements in the country's statistical systems.

Improve fiscal stance.
Address structural issues affecting key sectors.
Reinforce the role of cotton producers in the economy.
Press ahead with efforts to improve the compilation of economic and social statistics.
Pursue participation in the General Data Dissemination System to provide a framework for statistical improvements.

Subject: Agricultural commodities, Arrears, Banking, Commercial banks, Commodities, Economic sectors, External debt, Financial institutions, Privatization
Keywords: Agricultural commodities, Arrears, cement production, Commercial banks, CR, deficit, expenditure development, financial situation, financing, General State inspectorate, government, ISCR, payment order basis, payments arrears, petroleum product price, phosphate company, Privatization, privatization program, rate of inflation, West Africa