IMF Staff Country Reports

Togo: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo

September 23, 2024

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Format: Chicago

International Monetary Fund. African Dept. "Togo: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo", IMF Staff Country Reports 2024, 299 (2024), accessed November 23, 2024, https://doi.org/10.5089/9798400291203.002

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Summary

Following a series of shocks in recent years, Togo continues to face persistent challenges to food security and terrorist attacks, while broader development needs remain acute. Fiscal expansion implemented in response to the shocks has helped preserve robust economic growth but has also pushed up public debt, reversing the debt reduction achieved during the 2017–20 ECF-arrangement, eroding fiscal space and buffers to absorb shocks, and contributing to regional vulnerabilities in the West African Economic and Monetary Union (WAEMU). In response to these challenges, the Fund approved the authorities’ request for a new ECF-arrangement in March 2024.

Subject: Commercial banks, Debt service, Debt sustainability, Debt sustainability analysis, External debt, Financial institutions, Fiscal consolidation, Fiscal policy, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Commercial banks, Debt service, Debt sustainability, Debt sustainability analysis, Fiscal consolidation, Government debt management

Publication Details

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