Statement at the conclusion of an IMF staff visit to Togo

09/03/2015
Statement at the conclusion of an IMF staff visit to Togo

Economic activity is expected to increase moderately to 5 ½ percent in 2015

A staff team of the International Monetary Fund (IMF) led by Cemile Sancak visited Lomé during February 27-March 5, 2015. The team met with the highest authorities, including the President of the Republic, to discuss economic policy priorities with senior government officials and the donor community, and assess macroeconomic developments.

At the conclusion of the staff visit, Ms. Sancak issued the following statement:

“Economic growth remained strong at around 5 percent while inflation was close to zero in 2014. Economic activity is expected to increase moderately to 5 ½ percent in 2015 as major transportation projects and the clinker factory come on stream.

“The mission and the authorities had constructive discussions on the key reform priorities that would help achieve sustainable and inclusive growth, while maintaining macroeconomic stability. IMF staff expressed the institution’s willingness to continue supporting the government’s reform priorities, including on revenue administration and public financial management. The mission also discussed with the authorities the plans to conduct the Article IV consultation scheduled for mid-2015.”

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