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

_IMF Staff Country Reports, December 11, 2008_

## Source details

**Canonical URL:** [Togo: Enhanced Initiative for Heavily Indebted Poor Countries— Decision Point Document](https://www.imf.org/en/publications/cr/issues/2016/12/31/togo-enhanced-initiative-for-heavily-indebted-poor-countries-decision-point-document-22532)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/togo-enhanced-initiative-for-heavily-indebted-poor-countries-decision-point-document-22532/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/togo-enhanced-initiative-for-heavily-indebted-poor-countries-decision-point-document-22532/index.json)
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## Bibliographic details
- Published: December 11, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836653.002

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### 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

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## Content in this bundle

- **_cr08370**
  - [_cr08370 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2008/_cr08370.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr08370 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2008/_cr08370.pdf){rel="external" type="application/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)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2008/_cr08370.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr08370 - Évaluation de l’admissibilité du Togo à l’initiative PPTE renforcée (PDF)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2008/_cr08370.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/togo-enhanced-initiative-for-heavily-indebted-poor-countries-decision-point-document-22532_