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
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2019/205
Subject:
Debt sustainability analysis Expenditure External debt Public debt Public investment spending Revenue administration
English
Publication Date:
July 2, 2019
ISBN/ISSN:
9781498323925/1934-7685
Stock No:
1TGOEA2019001
Pages:
133
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