World Bank says to ask donors to clear Togo debt

13/12/2007
World Bank says to ask donors to clear Togo debt

The World Bank will ask donors to clear debts of some $135 million owed to it by Togo after the West African state held multiparty polls in October, the Bank's representative in the former French colony said on Wednesday.

"We're quickly going to normalise relations between the World Bank and Togo. That means clearing the debts Togo owes to the Bank," James Bond, the Bank's director of operations in Togo, told reporters."Together with our partners in Washington we're going to find a solution, we're going to plead for Togo not to have to pay," he said.

He estimated that Togo's debts to the bank stood at $135 million and were increasing by $2 million each month.

The announcement comes weeks after the European Union restored full economic cooperation with Togo after a 14-year hiatus, citing the successful holding of parliamentary elections on October 14.

The EU, Togo's biggest donor, froze most aid in 1993 because of what it considered a poor democratic record in the country, which had suffered decades of authoritarian rule and periods of bloody unrest since independence in 1960.

 

Commentaires

Loading comments ...

Loading comments ...

IL NE FALLAIT PAS MANQUER

Fonctionnement de la justice perturbé

Justice

Le fonctionnement de la justice est perturbé depuis le début de la semaine par une grève des greffiers qui réclament une amélioration de leur condition de vie et de travail.

Pays d'accueil et d'intégration

Diaspora

La Semaine de l’intégration africaine s’est ouverte lundi à Lomé. Cinq jours de débats et séminaires sur le thème de la jeunesse et de l’intégration.

Intégration technologique

Tech & Web

La Cédéao veut parvenir à l’intégration, y compris pour tout ce qui concerne le secteur des télécommunications, très porteur.

Au Maroc, Agadazi explique comment le Togo combat la pauvreté

Développement

Lutter contre la pauvreté est a priorité des priorités pour le gouvernement. De nombreuses initiatives ont vu le jour.