Switzerland cancels Togo’s debt

03/06/2011
Switzerland cancels Togo’s debt

The Swiss Confederation, on Friday, decided to cancel the entire debt of Togo, that is, 35 billion CFA francs.
A formal agreement was signed between Adji Otèth Ayassor, the Minister of Economy and Finance, and the Swiss ambassador to Togo, Andréa Semadeni.
"The agreement today comes in a multilateral framework in which Switzerland is still involved in dialogue with the Togolese authorities. This is a consequence of reaching the completion point (HIPC) by Togo. Efforts to modernize and restructure by the government were sufficient for the creditor countries to cancel their debt to the Republic of Togo. Which applied in, making a political decision which corresponds to a shared vision of creditor countries," said Semadeni.
Mr. Ayassor said for his part that this wave off constitutes an incentive for the authorities to pursue policy reforms.
In 2010, Berne had already set aside nearly $70 billion CFA francs of debts owed by Togo.

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Tchanilé Banna radié à vie

Sport

L’ancien entraîneur des Eperviers, Tchanilé Banna, organisateur d’un match bidon au Bahreïn en septembre 2010, a été radié à vie par la FIFA.

Un univers musical sans frontières

Culture

Le franco-togolais Jer Ndoti donnera un concert vendredi à l'Institut Français du Togo. Un voyage dans l'univers du jazz et des musiques afri-cubaines.

Le Fonds PISCCA finance 9 projets

Coopération

Plusieurs initiatives locales contribuant à renforcer la société civile et à promouvoir les droits sociaux et économiques viennent de recevoir un coup de pouce.

Mariachis, tequila et internet

Tech & Web

Le Forum annuel sur la gouvernance de l’Internet s’est ouvert mardi à Guadalajara, berceau des mariachis et de la tequila.