Press Release No. 15/100

Press Release: Statement at the Conclusion of an IMF Staff Visit to Togo

March 9, 2015

An International Monetary Fund (IMF) mission led by the new Mission Chief, Cemile Sancak, visited Lomé during February 27-March 5, 2015. The team discussed economic policy priorities with senior government officials, including the President of the Republic, and the donor community, and assessed macroeconomic developments.

At the conclusion of the staff visit, Ms. Sancak issued the following statement:

“Economic growth remained strong at around 5 percent, and inflation was close to zero in 2014 reflecting in particular a reduction in food prices. Economic activity is expected to increase moderately to 5½ percent in 2015 as major transportation projects and the clinker factory come on stream.

“The mission and the authorities had constructive discussions on the key reform priorities that would help achieve sustainable and inclusive growth, while maintaining macroeconomic stability. IMF staff expressed the institution’s willingness to continue supporting the government’s reform priorities, including on revenue administration and public financial management. The mission also discussed with the authorities the plans to conduct the Article IV consultation scheduled for mid-2015.”