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

International Monetary Fund

No 2019/205, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; deficit; Togo; Executive Board discussion; disbursement of SDR; WAEMU deficit criterion; Togo's performance; clearance effort; headline inflation; Public investment spending; Debt sustainability analysis; Global; West Africa; Africa (search for similar items in EconPapers)
Pages: 133
Date: 2019-07-02
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