This Poverty Reduction Strategy Paper highlights that Togo’s Strategy for Boosting Growth and Promoting Employment offers a medium-term development framework for implementing the Government’s General Policy Statement, the Millennium Development Goals, and the Government’s vision for making Togo an emerging economy in 15 to 20 years, as well as making it a country that respects human rights and promotes the rule of law. The return of political stability and peace to the country created a favorable environment for better governance, resumption of international assistance, and significant reduction in exterior public debt. The Government’s medium-term economic policy for 2013–2017 will essentially be used to build and consolidate the foundations for Togo’s future economic emergence. The focus will be on new priorities: boosting growth; employment and inclusion; strengthening governance; and reducing regional disparities and promoting grassroots development. Designing a national land-use plan will territorialize development by creating a more balanced national economic space. The new land-use scheme will be based on dynamic, competitive, regional economies in which the urbanization of regional capitals and secondary towns is sufficiently controlled to allow true development hubs to emerge.
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
This paper focuses on Togo’s Poverty Reduction Strategy. The Interim Poverty Reduction Strategy Paper adopted by the government in March 2008 has allowed Togo once again to benefit from international financial cooperation. With a view to improving political and economic governance, the government continued the ongoing process of national reconciliation and political reform, strengthening the rule of law and the security of persons and property, and implementation of institutional reforms. The government has introduced reforms designed to improve governance in nonperforming state enterprises and in the banking sector.
From 2001, Togo has been engaged in the process of preparing its poverty reduction strategy paper (PRSP). As a result of the social and political crisis, Togo’s economy has been affected severely. To overcome this crisis, the government has been engaged in key reforms intended to restore harmony to the political climate and focused on restoring financial aid. The measures contained in this interim strategy paper lay the groundwork for improving the public policies/programs required to make progress toward achieving the Millennium Development Goals (MDGs).