IMF Staff Country Reports

Togo: Selected Issues

July 2, 2019

Download PDF

Preview Citation

Format: Chicago

Togo: Selected Issues, (USA: International Monetary Fund, 2019) accessed November 21, 2024

Also available in: français

Summary

This Selected Issues paper investigates state-owned financial institutions’ (SOFIs) performance in developing economies. It focuses on Sub-Saharan Africa, zooming in on the Togolese experience with SOFIs and privatization, at a time when the Togolese government has decided to further disengage from the financial sector. Typically set up with a public interest and financial inclusion mandate, SOFIs tend to weaken financial stability and fiscal discipline in developing economies, especially if they are not typically regulated and supervised on the same basis as other banks. Togo’s and cross-country experiences suggest that performance improves more after privatization when the government fully relinquishes control, when banks are privatized to strategic investors rather than through share issues, and when bidding is open to all, including foreign banks. The success of privatization also hinges on the business environment for competition, governance, and entry, on banks’ valuation and how policy concerns are dealt with, as well as on owner’s prudential review quality.

Subject: Banking, Commercial banks, Corruption, Crime, Economic sectors, Financial institutions, Health, Privatization, State-owned banks

Keywords: Authority, Commercial banks, Corruption, CR, ECF program, Education expenditures in Togo, Education outlay, Frontier, Frontier analysis, Global, Health performance, ISCR, Outlay, Privatization, Social spending, Spending leakage, State-owned banks, Sub-Saharan Africa, Togo, WAEMU country

Publication Details

  • Pages:

    49

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2019/206

  • Stock No:

    1TGOEA2019002

  • ISBN:

    9781498323987

  • ISSN:

    1934-7685

You May Also Be Interested In...

Kiribati: Agricultural Subsidies for Copra: Improving Efficiency and Equity and Balancing Trade-offs

November 21, 2024

VITARA Reference Guide: Institutional Governance

November 21, 2024

Fourteenth Periodic Monitoring Report On The Status Of Management Implementation Plans In Response To Board-Endorsed IEO Recommendations

November 21, 2024

Burkina Faso: Report on Government Finance Statistics Mission (March 18–29, 2024)

November 18, 2024