The ongoing reform and governance programme initiated by Togo received a boost from the African Development Bank (AfDB) Group recently, following the approval of a USD 32.2-million budget support grant by the institution.
The Board of Directors of the African Development Fund (ADF), the concessional arm of the Group approved the amount on 1 November 2011 in Tunis, to finance phase two of the country’s Reform and Support Programme. Following a successful implementation of a previous budget support which resulted in a 3.7% growth rate, the second phase of the programme will ensure sustained and durable economic growth while improving Togo’s business environment, budget execution and overall financial management.
The Bank’s active portfolio in Togo comprises four projects estimated at USD 87million. The current programme will be implemented from 2011-2012.
A LIRE AUSSI
Togolese President jets in to sympathise with Sierra Leoneans
A high powered Togolese delegation led by His Excellency Faure Essozimna Gnassingbe, President of the Republic of Togo arrived at State House this morning.
Faure Gnassingbe takes over ECOWAS chairmanship
In EnglishThe occasion was colorful with the presence of twelfth West African leaders and delegations attending the 51st Ordinary ECOWAS Summit.
IL NE FALLAIT PAS MANQUER
Le Togo se mobilise en faveur des sinistrés
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PPAAO : nouvel appui de la Banque mondiale
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L'heure est à la clarification
SocialLes employeurs rechignent à offrir à leur personnel une protection sociale digne de ce nom. Pourtant les textes sont précis.
Fraude avérée selon la FTF
SportEn mai dernier, un match de D1 opposant Gbikinti de Bassar et Maranatha s’était soldé sur un score de 11 à 0 !
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