Togo’s threshold program may soon be approved with a first disbursement of $35M from MCC
Monday, 26 February 2018 13:42 
Togo’s Threshold Programme could be approved in the weeks to come now that political dialogue has been initiated. This was told Nana Akufo-Addo by acting chief executive of the Millenium Challenge Corporation (MCC), Jonathan Nash, as the Ghanaian president was in US for a work visit. The Ghanaian leader, let it be noted, was recently in Togo to act as chief mediator to find a solution to the political crisis that the country experiences.
The approval should allow for the disbursement of a $35 million facility. The first US investment under the Millenium Challenge Account, pending Togo’s adhesion to a larger scheme, the Compact. With the latter, the African country could receive up to $400 million.
“One of the things we were looking for was the launch of a dialogue. Because of your leadership, and what you have done on the ground, we are now prepared to take this investment to our Board of Directors in the coming weeks. Assuming that things continue to move in a positive direction, hopefully our board will approve it, and we can begin an investment to Togo”, Nash said.
Funds mobilized would help improve the Togolese people’s access to ICT services. In addition, they should foster formalization of land access by legitimizing customary rights and boosting inclusive land access, among others.
Back in December 2017, let’s recall, board of administration of MCC had said in a statement: “With regard to Togo, the Board is encouraged by the possibility of inclusive dialogue as a way to resolve the current political impasse, and will continue to monitor developments on the ground before making a decision about the proposed threshold program”.
