Togo: Staff-Monitored Program

International Monetary Fund

No 2007/022, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on the Staff-Monitored Program (SMP) for Togo. The SMP aims to support the preparation of a realistic 2007 budget, with a moderate primary adjustment; anchor budget execution in a pre-election period; strengthening fiscal governance, especially on expenditure management; initiating urgent banking sector reforms; and preparing for state-owned enterprise reforms. During the SMP, the authorities intend to update Togo’s Interim Poverty Reduction and Growth Strategy Paper (I-PRSP), set up a program monitoring mechanism, and reengage with donors, whose technical and financial assistance will be crucial for medium-term prospects.

Keywords: ISCR; CR; government; company; government debt.; unity government; government sector; government's LOI; Togolese authorities; exchange rate; private bank; financial situation; permanent secretary; Arrears; Commercial banks; Budget planning and preparation; State-owned banks; West Africa (search for similar items in EconPapers)
Pages: 47
Date: 2007-01-22
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