Togo: Enhanced Initiative for Heavily Indebted Poor Countries— Decision Point Document

IMF Staff Country Reports, December 11, 2008

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Togo: Enhanced Initiative for Heavily Indebted Poor Countries— Decision Point Document

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Bibliographic details

• Published: December 11, 2008
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451836653.002

Summary overview

• Presents a decision point document for Togo’s Enhanced Initiative for Heavily Indebted Poor Countries.
• Economic performance has been improving.
• The country has been strongly affected by the recent surge in food and fuel prices and heavy flooding during the summer.
• As a consequence of the extended political crisis, interruption in foreign aid, and the economic decline, Togo’s social indicators remain among the lowest in the world.
• Expenditures on health, education, and public investment are far below regional averages.

Major findings and issues

• Improvement in economic performance contrasted with significant shocks:
  • recent surge in food and fuel prices
  • heavy flooding during the summer
• Political and external factors undermining social outcomes:
  • extended political crisis
  • interruption in foreign aid
  • resulting economic decline
• Social sector underfunding:
  • expenditures on health far below regional averages
  • expenditures on education far below regional averages
  • public investment far below regional averages

Subject coverage and keywords

• Subject: Arrears, Asset and liability management, Debt relief, Debt service, Debt service ratios, External debt
• Keywords: Arrears, arrears clearance, bridge loan, clearance operation, CR, Debt relief, Debt service, Debt service ratios, economic growth, exchange rate, Global, ISCR, MDRI assistance, MDRI debt relief, NPV of debt-to-exports ratio, NPV of debt-to-revenue ratio, NPV terms, phosphate sector, PRSP process, real GDP, reform program, Togolese authorities, Umbrella account

Content in this bundle

• _cr08370
  • _cr08370 (Markdown version)
  • _cr08370 (PDF)
• _cr08370 - Évaluation de l’admissibilité du Togo à l’initiative PPTE renforcée
  • _cr08370 - Évaluation de l’admissibilité du Togo à l’initiative PPTE renforcée (Markdown version)
  • _cr08370 - Évaluation de l’admissibilité du Togo à l’initiative PPTE renforcée (PDF)