Togo: Second Review Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Extension of the Arrangement, and Rephasing of Access-Press Release; S

Second Review Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Togo

Togo: Second Review Under the Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria, Extension of the Arrangement, and Rephasing of Access-Press Release; Staff Report
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Volume/Issue: Volume 2025 Issue 178
Publication date: July 2025
ISBN: 9798229017251
$20.00
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Topics covered in this book

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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , debt accumulation , government program , headline inflation , authorities request , ECF arrangement , IMF governance Diagnostic Assessment , Commercial banks , Global , West Africa

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Summary

Following the shocks of recent years starting with the COVID-19 pandemic, fiscal expansion helped preserve robust growth but also pushed up Togo’s public debt and contributed to a temporary drawdown of foreign exchange reserves in the West African Economic and Monetary Union (WAEMU), while progress on the sustainable development goals has slowed.

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