World Bank loans Togo US$ 8.7

World Bank loans Togo US$ 8.7

The World Bank has agreed to add 8.7 million U.S. dollars in its support to Togo, local press reported on Wednesday.
An agreement was signed in the Togolese capital Lome by Finance Minister Adji Otteh Ayassor and the World Bank's country representative Herve Assah on Tuesday.
The newly inked loan has brought to 32.9 million dollars the total credit from the bank for community development projects in Togo since 2008.
Part of the money will be used for food supply in schools while the rest will be spent creating jobs in the West African country's five regions.
Assah said this is the second loan meant for the purpose of community development, after the first signed in September 2008, when the country received an initial funding of 17.2 million dollars.
According to Ayassor, up to 36,000 new school going children will benefit from this supplementary aid in the next two academic years under the school feeding program.
The minister said about 3 million dollars will be used to create 28,000 temporary jobs for the youth, who will be planting trees on a piece of land measuring 2,015 hectares


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