Togo: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Togo

July 2, 2019

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Togo: 2019 Article IV Consultation, Fourth Review under the Extended Credit Facility Arrangement, and Request for Waiver of Nonobservance of Performance Criterion and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Togo, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Also available in: français

Summary

Economic activity has been recovering, driven by robust performance in the export and agricultural sectors. Fiscal consolidation efforts have continued; Togo complied with the WAEMU deficit convergence criteria in 2017 and 2018, two years ahead of the timeline agreed by member states; public debt declined from 81 percent of GDP at end-2016 to 76 percent of GDP at end-2018. Inflation stood at 2 percent in March 2019 (y-o-y). The external position has improved. The privatization process for the first public bank encountered delays.

Subject: Debt sustainability analysis, Expenditure, External debt, Public debt, Public investment spending, Revenue administration

Keywords: Africa, Clearance effort, CR, Debt sustainability analysis, Deficit, Disbursement of SDR, Executive Board discussion, Global, Headline inflation, ISCR, Public investment spending, Togo, Togo's performance, WAEMU deficit criterion, West Africa

Publication Details

Pages:

133
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/205
Stock No:

1TGOEA2019001
ISBN:

9781498323925
ISSN:

1934-7685

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