World Bank-supported projects have helped the country on many fronts, including macroeconomic recovery and stability, health, agriculture, education and more. The poverty level is twice as high in rural areas This is due in large measure to an annual population growth rate of 2. Poverty is also higher in female-headed households Women remain more vulnerable, as they have less access to economic opportunities, education, health, and other basic socioeconomic facilities.
Togo held municipal elections in June for the first time in 32 years, and the UNIR secured of 1, seats. The path to an inclusive and sustainable recovery will be contingent on the successful management of risks that could reduce the fiscal space and depress private investment. These risks include new COVID waves, delays in mass vaccination, growing and costly domestic debt, increased insecurity in the region, fiscal risks related to PPPs and State-owned enterprises, and mounting inflationary pressures.
The overarching goal is to structurally transform the economy in order to foster strong growth, social inclusion, job creation, and the modernization of institutions, particularly through the development of digital technology. This framework is financing projects for the following:. This support is structured around three priorities:.
IFC also facilitates access to financing for small and medium enterprises through local commercial banks. IFC is helping the government implement key reforms aimed at improving the investment climate in Togo. Togo has also emerged as the leading reformer in Africa and third best in the world in Examples of progress made with financing or technical assistance from the World Bank Group are as follows:.
It has also forged strategic partnerships with key players from the private sector and major manufacturers to promote the industrialization of the sector in Africa. The European Union has ramped up its financial and technical support, and the African Development Bank has prepared and implemented a new Country Strategy for — This site uses cookies to optimize functionality and give you the best possible experience.
If you continue to navigate this website beyond this page, cookies will be placed on your browser. To learn more about cookies, click here. Where We Work Togo. The World Bank in Togo World Bank-supported projects have helped the country on many fronts, including macroeconomic recovery and stability, health, agriculture, education and more.
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