Togo: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 050

Publication date: February 2010

ISBN: 9781451836707

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Topics covered in this book

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Banks and Banking , Exports and Imports , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , Togo , PRGF arrangement , PRGF-supported program , SDR , real GDP , clearance strategy , clearance operation , debt indicator , Debt relief , Arrears , Debt sustainability analysis , Global

Also of interest

Republic of Congo : 2001 Article IV

Spain

Peru

Malawi

Summary

This paper discusses key findings of the Third Review Under the Poverty Reduction and Growth Facility (PRGF) for Togo. The PRGF-supported program remains on track despite the shocks. All quantitative and structural performance criteria through end-June 2009 were met. All targets for implementation of structural reforms were fulfilled through end-June; delays have developed for the second half of 2009 primarily owing to capacity constraints. The authorities have committed to completing key reforms in 2010 to strengthen public finances, restructure the banking system, and accelerate growth.