(Togo First) - On November 5, 2018, Millennium Challenge Corporation (MCC) produced its yearly assessment of performances of countries rivaling to benefit from its investment programs for developing economies.
The report looks at three indicators namely good governance, economic freedom and human capital investment. This edition, the sixteenth, analyzed performances of 80 countries, including Togo. The latter, in this year’s report, has met two additional criteria, now totaling 14 out of 20, against 12 last year and 5 only four years ago.
It therefore now stands on par with Côte d’Ivoire (14/20) and comes ahead of Benin (13/20), Burkina (13/20), Niger (11/20) or Mali (9/20).
Still, Togo needs to improve regarding indicators like land, tax policies, child health and public administration efficiency, if it wants to reach a nation like Senegal, the only WAEMU member that satisfies 16 indicators.
The main thing to retain from the report is that Togo can now apply for MCC’s compact program even if its requirements are more strict than the Threshold program which the country has been eligible to since 2015.
In effect, Togo, for the third consecutive year, has passed the three eligibility criteria of the Compact, knowingly: control of corruption, democratic rights and passing at least half of the 20 indicators.
These are the indicators passed by Togo under MCC’s 2019 scorebook.
Ruling justly (5 indicators passed out of 6)
Control of corruption
Freedom of information
Political rights
Civil liberties
Rule of law
Investing in people (5 indicators passed out of 6)
Health expenditures
Primary education expenditures
Immunization rates
Girls’ primary education completion rate
Natural resource protection
Economic freedom (4 indicators passed out of 8)
Inflation
Regulatory quality
Trade policy
Gender in the economy
Fiacre E. Kakpo