Togo: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo

International Monetary Fund

No 2015/309, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2015 Article IV Consultation highlights that Togo’s economic growth has remained strong in recent years, averaging 5.4 percent in 2013–14, on the back of productivity gains in the agricultural sector and public investment in transport infrastructure. The fast pace of public investment has laid the basis for higher growth but has also contributed to a pronounced increase in public debt and current account deficit. Output growth is expected to be sustained over the medium term, although current account and debt pressures are unlikely to abate. Growth is expected to average 5.5 percent in 2015–18, supported by agricultural production, transportation services linked to international trade, and the impact of investments in transport infrastructure.

Keywords: ISCR; CR; debt; government; GDP; real GDP; infrastructure investment; fuel price subsidy; economic statistics; government finance high frequency data; optimistic projection; revenue administration measure; Togo vision; creating flow; oil price trend; Government debt management; Current account deficits; Global; West Africa (search for similar items in EconPapers)
Pages: 73
Date: 2015-11-13
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