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Togo: First Review Under the Extended Credit Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Togo
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2025: Issue 005
Language:
English
Publication Date:
16 Jan 2025
DOI:
https://doi.org/10.5089/9798400298240.002
ISBN:
9798400298240
ISSN:
1934-7685
Pages:
109
Keywords:
governance Diagnostic Assessment; staff appraisal; Togo authorities; government roadmap; IMF governance Diagnostic; IMF governance Diagnostic Assessment; Debt sustainability; Debt service; West Africa; Global; Sub-Saharan Africa; Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund