Togo Gets Additional $200,000 from UNDP to Draw Climate Strategy

Agriculture

Thursday, 20 June 2024 15:32

Togo Gets Additional $200,000 from UNDP to Draw Climate Strategy

(Togo First) - Togo will soon receive $200,000 (CFA122 million) from the United Nations Development Program (UNDP). The country will use the funds to draw its costed Climate Strategy. The announcement was made on June 18, 2024, in Lomé, during the national validation of Togo's vision for long-term low-carbon and climate-resilient development.

According to Seynabou Diaw, UNDP Deputy Resident Representative in Togo, the financing was extended in response to a request that Togo recently submitted to the National Determined Contributions Partnership (NDC Partnership). Diaw added that steps were being taken to provide the technical expertise needed to draw the costed Climate Strategy.

The strategy will help Togo raise the funds necessary to ensure its climate resilience–CFA6 billion.

Le Togo va bénéficier de 200 000 USD supplémentaires du @pnudfr pour la formulation d'une stratégie climatique chiffrée. C'est l'annonce faite ce matin par @NabouDiaw1 lors de l’atelier de validation nationale de la vision du dvlpmt à long terme à faible émission de carbone. pic.twitter.com/Ctz3cGx3VQ— Pnud Togo (@PnudTogo) June 18, 2024

The CFA6 billion, according to the Togolese Ministry of the Environment and Forest Resources should help mitigate the devastating effects of climate change and promote resilience among vulnerable communities.

The recent UNDP support adds to other funding the institution has already provided to Togo, including CFA146 million in 2022 for community projects in the field of environmental protection. The UN branch also supports the Togolese government's reforestation policy.

Esaïe Edoh

REFORMS OVERVIEW

STARTING A BUSINESS (more info)

At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

ENFORCING CONTRACTS (more info)

Compared to some years ago when it was one of the lowest rankers under the Doing Business’ Enforcing Contracts indicator, Togo, leveraging many efforts to improve its business climate, was able to jump significantly on the index in the recent years... .

CONTRACT EXECUTION (more info)

Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

TRADING ACROSS BORDERS (more info)

In comparison to previous years,Togo has significantly improved its ranking under the“Trading across borders” indicator by adopting multiple reforms that focus mainly on the digitization and reduction in delays, for import and export procedures related to import and export.

In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

After moving from the 133rd to 127th place under the 2020 Doing Business’ construction permit index, Togo intends to reiterate this feat in the coming edition of the global ranking. To this end, it has introduced this year multiple reforms.

GETTING ELECTRICITY (more info)

Over the past two years, Togo’s ranking under the Doing Business’ Getting electricity and water indicator has increased consistently. Owing this performance to multiple reforms aimed at making it easier for businesses to access power and water, Lomé plans to introduce even more reforms this year to keep up its improvements.

REGISTERING A PROPERTY (more info)

Out of all the 'Doing Business’ indicators, Property Registration is where Togo has improved the most since 2018. Indeed, after spending years in the lowest part of this ranking, the country now seeks to beat Rwanda which is the best performer on this index in Africa. To do so, Lomé has been introducing many reforms, with the latest batch implemented this year.

PUBLIC PROCUREMENT (more info)

From professionalization to digitization, through legislative regulations, Togo’s public procurement framework is constantly being modernized. Several reforms have been implemented to improve the sector much to the benefit of the private sector, which is the focus of the National Development Plan.

PAYING TAXES AND DUTIES (more info)

To improve its business environment, Togo introduced some important reforms related to the payment of tax and duties. From the replacement of some taxes to the cancellation of others through exemptions, the country has only one objective: offer the most attractive tax framework to investors and economic operators. To achieve this, the authorities relied on digitization.