Japan cancels all of Togo's debt

09/06/2011
Japan cancels all of Togo's debt

On the occasion of the official visit of Faure Gnassingbé in Tokyo, Japan has decided to cancel a little over 50 billion CFA, that is all of Togo's debt.
A ceremony was held on Thursday evening in the presence of the President.
The cancellation agreement was signed by Japanese Foreign Minister, Takeaki Matsumoto, and his Togolese counterpart, Elliott Ohin (photo).
Just after the ceremony, a gala dinner was organized in the premises of the Ministry.
Earlier in the day, President Gnassingbé had a meeting with the Prime Minister, Naoto Kan. An opportunity to discuss the strengthening cooperation between the two countries. Lomé has the support of the Japanese government to help conduct its policy of reforms and private sector support.
Moreover, he devoted a large part of the day to receive the CEO’s of JETRO (Japan External Trade Organization) and JICA (Japan International Cooperation Agency).
The Japanese side has expressed great interest in the opportunities for investment in Togo.

Japan's Economic Cooperation

Loans: 9,346 million yen
Grants: 11,785 million yen
Technical cooperation: 563 million yen

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