World Bank wants to help Togo better exploit financing it is provided

Investments
Thursday, 26 September 2019 13:08
World Bank wants to help Togo better exploit financing it is provided

(Togo First) - The World Bank's resident representative, Hawa Cissé Wagué, recently met with Togo's Prime Minister to present him with the review of the institution's portfolio in the country. 

"Our execution rate in the past twelve months was good," the Bretton Woods representative said. 

One of the objectives of the World Bank is to help Togo raise this rate to better tap into resources it is provided with. To this end, "the Bank hopes to continue working with the various ministries and the prime minister's office."

So far, the Bank has at least 16 projects ongoing in Togo, equating to an investment of about $400 million. These projects cover various domains ranging from education, health, governance, energy, telecoms, and grassroots development. 

The institution's priorities in the country align with those set in the 2018-2022 national development plan. The most important of these priorities is to support the government's reform plan to attract more private investments. 

The World Bank, it should be emphasized, is Togo's leading provider of official development aid (28% of total ODA the country received in 2018).

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