Togo set for 1.7 percent growth in 2009 : IMF

01/03/2009
Togo set for 1.7 percent growth in 2009 : IMF

Togo's economy is set to grow 1.7 percent this year, the International Monetary Fund (IMF) said Thursday, revising downwards its earlier projection of three percent.

"Growth in 2009 is expected to be modest, at around 1.7 percent, as the positive impact of the government's economic programme will be partly offset by the effects of the global economic slowdown," the IMF said after its officials conducted a two-week assessment trip to the west African country.Togo's economy "suffered from the impact of high global food and energy prices and severe flooding that damaged road infrastructure, destroyed food crops, and paralyzed commerce," it said in a statement.

Last April, the IMF became one of the first international financiers to resume aid to Togo after a 14-year hiatus.

In 1993, after decades of authoritarian rule under dictator Gnassingbe Eyadema, international funders suspended financial aid to the former French colony saying it would be resumed only after a genuine democracy was in place.

Last year the IMF cleared Togo for aid resumption, saying it had made significant progress in economic and political reforms.

Two-thirds of Togo's population live in poverty.

 

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Les échecs, c'est la pierre de touche de l'intelligence

Sport

L'Olympiade d'échecs 2018 a lieu du 23 septembre au 8 octobre au Sport Palace de Batoumi, en Géorgie. 

Les clubs issus de la D2 créent la surprise

Sport

Le championnat de première division a débuté samedi avec 14 clubs. Gbohloesu et Sara FC, venus de la D2, se sont imposés.

L'empreinte du Togo

Culture

La Banque ouest-africaine de développement (BOAD) a lancé un concours photos. Le vote se déroule en ligne.

En 2030, on y verra beaucoup plus clair

Développement

Le Togo a annoncé en juin dernier vouloir se doter d’une stratégie d’électrification ambitieuse.