Togo: 2007 Article IV Consultation and First Staff Review of the Staff-Monitored Program: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Togo

June 25, 2007

Download PDF

More Formats on IMF eLibrary

Order a Print Copy

More formats on IMF eLibrary

Order a Print Copy

Also available infrançais

Summary

The 2007 Article IV Consultation highlights Togo’s developments and performance under the Staff-Monitored Program (SMP). Togolese banks have the highest nonperforming loan (NPL) ratio in the West African Economic and Monetary Union (WAEMU) area, reflecting primarily past lending to loss-making enterprises in the cotton and phosphate sectors. Executive Directors commended the progress made in restoring fiscal discipline and strengthening governance, in particular the reforms to strengthen tax and customs administration and improve expenditure control.

Subject: Arrears, Asset and liability management, Banking, Debt relief, External debt, Fiscal consolidation, Fiscal policy, Public debt

Keywords: Arrears, authorities' effort, authority, clearance strategy, CR, Debt relief, Fiscal consolidation, Global, ISCR, Sub-Saharan Africa, tax arrears recovery, terms of trade shock, Togo, unity government, West Africa

Pages:
60
Volume:
2007
DOI:
https://doi.org/10.5089/9781451836592.002
Issue:
217
Series:
Country Report No. 2007/217
Stock No:
1TGOEA2007002
ISBN:
9781451836592
ISSN:
1934-7685

Loading component...

Notes

Also Available in French.

Loading component...

IMF’s Work

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

Loading component...

IMF Staff Country Reports