Togo: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Togo
IMF Staff Country Reports, July 2, 2019
Source details
- Canonical URL
- Togo: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Togo
Other formats
Bibliographic details
- Published: July 2, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498323925.002
Economic performance
- Economic activity has been recovering, driven by robust performance in the export and agricultural sectors.
Fiscal consolidation and public debt
- Fiscal consolidation efforts have continued.
- Togo complied with the WAEMU deficit convergence criteria in 2017 and 2018, two years ahead of the timeline agreed by member states.
- Public debt declined from 81 percent of GDP at end-2016 to 76 percent of GDP at end-2018.
Price stability
- Inflation stood at 2 percent in March 2019 (y-o-y).
External sector
- The external position has improved.
Structural reforms and privatization
- The privatization process for the first public bank encountered delays.
Subjects and keywords
- Subject: Debt sustainability analysis, Expenditure, External debt, Public debt, Public investment spending, Revenue administration
- Keywords: Africa, clearance effort, CR, Debt sustainability analysis, deficit, disbursement of SDR, Executive Board discussion, Global, headline inflation, ISCR, Public investment spending, Togo, Togo's performance, WAEMU deficit criterion, West Africa
Content in this bundle
- 1tgoea2019001