Togo: World Bank Administrator Lauds WACA's Achievements in Aného

Infrastructure

Tuesday, 22 October 2024 13:58

Togo: World Bank Administrator Lauds WACA's Achievements in Aného

(Togo First) - Abdoul Salam Bello, Executive Director of the World Bank's Africa II Group, recently visited the WACA ResIP-Togo coastal resilience program in Aného. During his visit, he assessed various World Bank-funded projects that tackle coastal erosion and poverty in rural communities.

Bello toured the area with Dr. Adou Rahim Alimi Assimiou, the program coordinator, and his technical team. Béguédouwè Paneto, Secretary General of the Ministry of Planning, and Me Alexis John Coffi Aquereburu, Mayor of the Commune des Lacs 1 were also present.

"I had the honor of visiting the WACA project in this beautiful commune of Lacs 1 (Aného). We were very impressed by the quality of the work done by the WACA teams, but also by the vision and leadership of Mr. Mayor," Bello said. The delegation examined key infrastructure like breakwaters and dikes that protect the community and enhance living conditions for residents. "We have really appreciated all the positive externalities, including how WACA also helps fight poverty," he added.

The Secretary General of the Ministry of Planning praised the World Bank's efforts and highlighted Bello's role in expanding the WACA ResIP-Togo Project. Under his leadership, the World Bank's portfolio in Togo increased from $900 million to $1.21 billion.

The World Bank just approved a new partnership framework that will help mobilize $1.5 billion for investments in key sectors such as agriculture and energy.

On October 14, Bello met with Dr. Sandra Ablamba Johnson, Minister and Secretary General of the Togolese Presidency. The meeting was an opportunity to review the work done by Bello and his staff, as well as discuss future partnerships between the two sides.

The World Bank currently holds its Annual Meetings in Washington. The sessions started on October 21 and ends on October 26.

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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.