International Monetary Fund

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beach road, Togo

Beach Road, Togo (iStockphoto)

Resident Representative Office in Togo

March 2010

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Togo and the IMF. Additional information can be found on Togo and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Togo.

News and Highlights


West African Economic and Monetary Union: Common Policies of Member Countries--Staff Report; Press Release; and Stetement by the Executive Director

IMF country Report No. 15/100, March 6, 2015 click for more

Harnessing Resource Wealth for Inclusive Growth in Fragile States

IMF Working Paper 15/25 click for more

IMF Executive Board Discusses Reform of the Policy on Public Debt Limits in Fund-Supported Programs

Press Release No. 14/591 click for more

Reform of the Policy on Public Debt Limits in Fund-Supported Programs

IMF Policy Paper click for more

West African Economic and Monetary Union: Staff Report on Common Policies for Member Countries

 click for more

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Togo and The IMF

Exiting From Fragility in sub-Saharan Africa : The Role of Fiscal Policies and Fiscal Institutions

December 22, 2015
Author/Editor: Corinne Deléchat ; Ejona Fuli ; Dafina Mulaj ; Gustavo Ramirez ; Rui Xu
Series: Working Paper No. 15/268
 click for more

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

November 13, 2015
Series: Country Report No. 15/309
Also Available in French click for more

Togo: Selected Issues

November 13, 2015
Series: Country Report No. 15/310
Also Available in French click for more

Press Release: IMF Executive Board Concludes 2015 Article IV Consultation with Togo

November 13, 2015

Strengthening the West African Economic and Monetary Union : The Role of Fiscal and Market Institutions in Economic Stabilization

October 23, 2015
Author/Editor: Olivier Basdevant ; Patrick A. Imam ; Tidiane Kinda ; Aleksandra Zdzienicka  click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains. Click for more

Building Resilience in Sub-Saharan Africa's Fragile States

Building Resilience in Sub-Saharan Africa's Fragile States

Fragile states—states in which the government is unable to deliver basic services and security to the population—face severe and entrenched obstacles to economic and human development. While definitions of fragility and country circumstances differ, fragile states generally have a combination of weak and non-inclusive institutions, poor governance, low capacity, and constraints in pursuing a common national interest. As a result, these countries typically display an elevated risk of both political instability (including civil conflict), and economic instability (through a low level of public service provision, inadequate economic management, and difficulties to absorb or respond to shocks). Crises in such countries can also have significant adverse spillovers on other countries. In contrast, resilience can be defined as a condition where institutional strength, capacity, and social cohesion are sufficiently strong for the state to promote security and development and to respond effectively to shocks.

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.