The Paris Club and Togo conclude a debt relief agreement

12/06/2008
The Paris Club and Togo conclude a debt relief agreement

Paris Club creditors agreed on 12 June 2008 with the Government of the Togolese Republic to alleviate its external public debt, following the approval by the International Monetary Fund (IMF) of a new arrangement under the Poverty Reduction and Growth Facility on 21 April 2008.

This agreement, concluded under the so called "Naples terms", leads to the immediate cancellation of US$ 347 million.On an exceptional basis, considering Togo's very limited capacity of payment further constrained by the sharp rise of commodities and food prices, and provided that this country continues to implement satisfactorily an IMF supported program, no payments are expected from Togo between 1st April 2008 and 31 March 2011.

Togo is committed to devote the resources that otherwise would have gone to Paris Club creditors to priority areas identified in the country's poverty reduction strategy paper. Togo is also committed to seek comparable treatment from non Paris Club creditors.

Paris Club creditor countries commended the reforms implemented by Togo and expressed their commitment to alleviate further its external public debt as soon as it reaches its decision point under the enhanced Heavily Indebted Poor Countries Initiative.

 

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Les conditions de la relance

Tourisme

Le gouvernement s’est résolument engagé dans le développement et la promotion du secteur touristique.

Energie solaire photovoltaïque pour 62 localités

Environnement

Un prêt de 6 milliards de la BOAD va permettre au Togo de distribuer l'énergie solaire dans une soixantaine de localités.

L'Europe un peu plus abordable

Tourisme

459.000 Fcfa, c’est le prix d’un billet entre Lomé et Paris (ou l’Europe) en ce moment sur Air France.

Une voiture solaire assemblée au Togo

Environnement

Les industriels n’ont pas attendu la signature par le Togo de l’Accord de Paris pour se lancer dans le secteur des véhicules propres.