{
  "title": "Togo: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo",
  "publication": "IMF Staff Country Reports, November 13, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394/index.md",
  "summary": "This 2015 Article IV Consultation highlights that Togo’s economic growth has remained strong in recent years, averaging 5.4 percent in 2013–14, on the back of productivity gains in the agricultural sector and public investment in transport infrastructure.",
  "publishDate": "2015-11-13",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- Togo’s economic growth averaged 5.4 percent in 2013–14, supported by productivity gains in the agricultural sector and public investment in transport infrastructure.\n- The fast pace of public investment has laid the basis for higher growth but has also contributed to a pronounced increase in public debt and current account deficit.\n- Current account and debt pressures are unlikely to abate over the medium term."
    },
    {
      "heading": "Growth outlook and drivers",
      "content": "- Output growth is expected to be sustained over the medium term.\n- Growth is expected to average 5.5 percent in 2015–18.\n- Key supporting factors cited:\n  - Agricultural production.\n  - Transportation services linked to international trade.\n  - Impact of investments in transport infrastructure."
    },
    {
      "heading": "Risks and macroeconomic imbalances",
      "content": "- Rapid public investment has increased public debt (described as a pronounced increase).\n- Current account deficit has widened in tandem with the investment surge.\n- The report notes that current account and debt pressures are unlikely to abate, implying persistent external and fiscal vulnerability."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Pages: 73\n- Volume: 2015\n- Issue: 309\n- Series: Country Report No. 2015/309\n- DOI: https://doi.org/10.5089/9781513501017.002\n- Stock No: 1TGOEA2015001\n- ISBN: 9781513501017\n- ISSN: 1934-7685\n- Subjects: Balance of payments, Current account deficits, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration\n\nSource: Togo: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo (IMF Staff Country Reports 2015, 309)\n\n---\n\n Content in this bundle\n\n- cr15309\n  - cr15309 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15309 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr15309f\n  - cr15309f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15309f (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394/bundle-manifest.json)",
    "Published: November 13, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513501017.002",
    "Togo’s economic growth averaged 5.4 percent in 2013–14, supported by productivity gains in the agricultural sector and public investment in transport infrastructure.",
    "The fast pace of public investment has laid the basis for higher growth but has also contributed to a pronounced increase in public debt and current account deficit.",
    "Current account and debt pressures are unlikely to abate over the medium term.",
    "Output growth is expected to be sustained over the medium term.",
    "Growth is expected to average 5.5 percent in 2015–18.",
    "Key supporting factors cited:",
    "Rapid public investment has increased public debt (described as a pronounced increase).",
    "Current account deficit has widened in tandem with the investment surge.",
    "The report notes that current account and debt pressures are unlikely to abate, implying persistent external and fiscal vulnerability.",
    "Pages: 73",
    "Volume: 2015",
    "Issue: 309",
    "Series: Country Report No. 2015/309",
    "DOI: https://doi.org/10.5089/9781513501017.002",
    "Stock No: 1TGOEA2015001",
    "ISBN: 9781513501017",
    "ISSN: 1934-7685",
    "Subjects: Balance of payments, Current account deficits, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration",
    "**_cr15309**",
    "**_cr15309f**"
  ],
  "related": [
    {
      "title": "_cr15309",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15309.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15309.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15309.pdf",
        "mime": "application/pdf"
      }
    },
    {
      "title": "_cr15309f",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2015/_cr15309f.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2015/_cr15309f.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2015/_cr15309f.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/togo-2015-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-43394/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-23T02:31:35.251Z"
}