Togo: Second Review Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Togo

July 11, 2025

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Summary

Following the shocks of recent years starting with the COVID-19 pandemic,
fiscal expansion helped preserve robust growth but also pushed up Togo’s public debt
and contributed to a temporary drawdown of foreign exchange reserves in the West
African Economic and Monetary Union (WAEMU), while progress on the sustainable
development goals has slowed.

Subject: Commercial banks, Debt sustainability, External debt, Financial institutions, Public debt, Revenue administration

Keywords: authorities request, Commercial banks, debt accumulation, Debt sustainability, ECF arrangement, Global, government program, headline inflation, IMF governance Diagnostic Assessment, West Africa

Pages:
125
Volume:
2025
DOI:
https://doi.org/10.5089/9798229017251.002
Issue:
178
Series:
Country Report No. 2025/178
Stock No:
1TGOEA2025002
ISBN:
9798229017251
ISSN:
1934-7685

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