Togo: Second Review Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Extension of the Arrangement, and Rephasing of Access-Press Release; S

Second Review Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Togo

Togo: Second Review Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report

Volume/Issue: Volume 2025 Issue 178

Publication date: July 2025

ISBN: 9798229017251

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , Commercial banks , Fiscal consolidation , Debt sustainability , Government debt management , Debt sustainability analysis , Debt service

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Summary

Following the shocks of recent years starting with the COVID-19 pandemic, fiscal expansion helped preserve robust growth but also pushed up Togo’s public debt and contributed to a temporary drawdown of foreign exchange reserves in the West African Economic and Monetary Union (WAEMU), while progress on the sustainable development goals has slowed.