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.
A LIRE AUSSI
First international private loan
The Ministry of Economy and Finance of the Togolese Republic is pleased to announce the signature on December 18th 2019 of a first transaction on the international market by the Togolese Republic.
$150 Million to promote a greener and more resilient future
In EnglishThe World Bank Board of Executive Directors today approved a $150 million International Development Association (IDA)* Development Policy Financing for Togo.
IL NE FALLAIT PAS MANQUER
Aného fait preuve de résilience
EnvironnementLa commune d’Aného (45km de Lomé), particulièrement exposée à l’érosion côtière, va bénéficier d’un système de gestion et de collecte des déchets ménagers.
La victoire est brillante, mais l'échec est mat
SportLa première édition de ‘Togo Chess festival' aura lieu du 27 janvier au 2 février à Lomé.
Les pharmacies victimes de l'explosion des contrefaçons
SantéUne semaine après la tenue à Lomé d’un mini-sommet sur la luttre contre le trafic de faux médicaments en Afrique, la Fondation Brazzaville a publié le communiqué final.
Guy Akpovy se succède à lui-même
SportGuy Akpovy a été réélu samedi à la tête de la Fédération togolaise de football (FTF).
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