IMF Staff Country Reports

Togo: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Togo

January 16, 2025

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Format: Chicago

International Monetary Fund. African Dept. "Togo: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Togo", IMF Staff Country Reports 2025, 005 (2025), accessed January 16, 2025, https://doi.org/10.5089/9798400298240.002

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Summary

Following the shocks of recent years, fiscal expansion has helped preserve robust economic growth but has also pushed up Togo’s public debt and contributed to vulnerabilities in the West African Economic and Monetary Union (WAEMU). Further, despite the fiscal expansion, Togo’s progress towards the SDGs has slowed sharply. Meanwhile, undercapitalization of two important banks, while improving, has not been fully resolved so far and continues to threaten financial sector stability.

Subject: Debt service, Debt sustainability, Debt sustainability analysis, External debt, 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, Domestic debt, Fiscal consolidation, Government debt management

Publication Details

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