Togo: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Togo
IMF Staff Country Reports, May 17, 2017
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- Togo: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Togo
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Bibliographic details
- Published: May 17, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484300916.002
Summary findings
- Growth was 5.2 percent in 2014–16.
- Inflation was well contained, explained by the lower food, energy, and transportation prices.
- Togo’s poverty rate declined from 61.7 percent in 2006 to 55.1 percent in 2015, though it remains geographically concentrated.
Recent economic performance
- The economy expanded at a healthy rate in recent years, with growth of 5.2 percent in 2014–16.
- Inflation moderation reflected lower prices for food, energy, and transportation.
Medium-term outlook and projections
- Economic growth is expected to increase gradually in the medium term as the fiscal stance is put on a sustainable path.
- Growth is expected to pick up from 5 percent in 2016 to 5.6 by 2021, with the economy reaping the benefits of an improved transportation network and productivity gains in the agricultural sector.
Fiscal and policy themes (as highlighted)
- Fiscal stance transition toward sustainability is central to supporting medium-term growth.
- Infrastructure improvements (transportation network) and agricultural productivity gains are drivers of projected growth.
Content in this bundle
- Country Report