## Togo: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo

_IMF Staff Country Reports, November 13, 2015_

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## Bibliographic details
- Published: November 13, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513501017.002

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### Summary findings
- 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.

### Growth outlook and drivers
- 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:
  - Agricultural production.
  - Transportation services linked to international trade.
  - Impact of investments in transport infrastructure.

### Risks and macroeconomic imbalances
- 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.

### Publication and metadata
- 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

*Source: Togo: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo (IMF Staff Country Reports 2015, 309)*

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_Source: 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_