Togo: Launch of the Public Investment Program for 2026-2028

Investments

Wednesday, 05 February 2025 11:59

Togo: Launch of the Public Investment Program for 2026-2028

(Togo First) - Togo has officially launched its new Public Investment Program (PIP) for 2026-2028. Disclosed on January 30, 2025, in Lomé, the initiative aims to streamline public investments and align projects with the government’s 2020-2025 roadmap and sustainable development goals.

The program was launched in the presence of Presidential Advisors, Cabinet Directors, General Secretaries of ministries, and representatives from the public and financial sectors. On the occasion, Edjéou Essohanam, Director of Cabinet at the Ministry of Planning, Development, and Cooperation, highlighted deep reforms to help better manage public investments.

These reforms will establish strict criteria for selecting and prioritizing projects to ensure they are relevant and fit within budget limits. The Togolese government wants to make public spending more effective, amid ongoing economic crises over the continent, and the world.

Tight Monitoring

The 2026-2028 PIP will use a detailed process for data collection, evaluation, and validation. By February 10, 2025, ministries and public institutions must submit feasibility reports, detailed project descriptions, and financing agreements.

Togo has committed to the International Monetary Fund (IMF) to keep its budget deficit at 3% of GDP. As a result, the government will focus on actions that significantly impact its citizens.

Under the 2025 Finance Act, Togo plans to allocate about CFA540 billion to investment projects.

The PIP process will continue until March 2025.

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