Togo: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo

IMF Staff Country Reports, September 23, 2024

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Canonical URL: Togo: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo

Publication date: September 23, 2024
Core observation: Togo continues to face headwinds, including persistent challenges of food security and terrorist attacks, while broader development needs remain acute.
Baseline projections: macroeconomic performance is expected to remain robust.
Background factors: substantial strengthening of fiscal revenue and a beginning of fiscal consolidation in 2023.
Macroeconomic assessment: the macroeconomic outlook is broadly favorable; there are no substantial domestic or external disequilibria, with low inflation and a well-contained current account deficit.

Growth is expected to remain robust.
Fiscal revenue is expected to rise further.
No substantial domestic or external disequilibria identified.
Low inflation and a well-contained current account deficit characterize the external and price environment.

Anchor macroeconomic stability by ensuring fiscal consolidation to enhance debt sustainability.
Conduct structural reforms to lay the basis for sustained growth.
Strengthen social inclusion to accelerate progress toward the Sustainable Development Goals and support medium-term growth prospects.

Subjects: Debt sustainability, Debt sustainability analysis, External debt, Public debt, Revenue administration
Keywords: anti-corruption authority, authorities' plan, Debt sustainability, Debt sustainability analysis, Global, government Roadmap, IMF Togo team, IMF work program, resident representative, Sub-Saharan Africa, West Africa

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