Togo: Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Waivers of Performance Criteria and Augmentation of Access: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Togo

July 16, 2010

Preview Citation

Format: Chicago

Togo: Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Waivers of Performance Criteria and Augmentation of Access: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Togo, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Also available in: français

Summary

Togo’s macroeconomic situation remains difficult, despite some modest improvements. Despite the impact of the global recession, program implementation has generally been satisfactory, although corrective actions are necessary for recent slippages. Debt management and monitoring are being strengthened. In light of the difficult macroeconomic conditions, a countercyclical fiscal policy stance is required. Sustainable fiscal policy requires a gradual consolidation, as global conditions improve further. Togo’s main economic challenges are continuing to strengthen public finances and completing structural reforms to enhance growth potential.

Subject: Arrears, Expenditure, External debt, Fiscal policy, Fiscal stance

Keywords: Arrears, Authority, CR, ECF arrangement, Fiscal stance, Global, ISCR, Petroleum product, Program implementation, Promissory note, Restitution of the promissory notes, Staff appraisal

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/216
Stock No:

1TGOEA2010004
ISBN:

9781455207596
ISSN:

1934-7685

Notes

Also available in French

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