Covid-19: World Bank approves new financing to support vaccination campaign in Togo

Health

Monday, 14 June 2021 17:35

Covid-19: World Bank approves new financing to support vaccination campaign in Togo

(Togo First) - A few days ago, the World Bank approved a $29.5 million (about CFA16 billion) financing to help Togo ‘proceed to the vaccination of its population against the coronavirus and better tackle public health emergencies.’

The funds break down into $25 million from the International Development Agency (IDA) and $4.5 million from the Health Emergency Preparedness & Response multi-donor trust fund. This should, in effect, enable the West African country to boost the distribution of vaccines and have an appropriate health system that will ensure the success of the ongoing vaccination campaign.

The new financing will also cover the purchase of vaccines, the update of the conservation chain, and the efficient provision of vaccines to the people.

“These additional resources will allow Togo to achieve its objective, which is to vaccinate at least 60% of its population,” said Hawa Wague, Resident Representative for the World Bank in Togo. She added that the country “recorded multiple successes in managing the Covid-19 crisis, as a result of measures taken by the authorities paired with an adequate healthcare and testing system.”

In March 2021, Togo started its vaccination campaign against Covid-19. In the coming months, it should receive a batch of vaccines that the US has committed to provide to around a hundred countries.

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.