Togo: Official Development Assistance amounted to about $380 million in 2017

Public finance
Wednesday, 11 July 2018 16:08
Togo: Official Development Assistance amounted to about $380 million in 2017

(Togo First) - In 2017, Togo’s official development assistance (ODA) amounted to $372.84 million (CFA217 billion). This was disclosed by Christophe Komlagan Akpoto, Head of Bilateral Cooperation at the Ministry of Development Planning.

This, he did during a workshop to validate the 2017 ODA report. The latter took place July 10, 2018, in Lomé. The report was supported by UN Development Program (UNDP) which provides reliable, up-to-date and exhaustive data on schemes and projects financed with ODA. The workshop aimed at facilitating decision-taking regarding allocations and other various sources of financing.

The report, among its major highlights, reveals that grants represented 76.63% of ODA in 2017 while 23% of this figure corresponds to loans. Also, it appears that the European Union was the country’s major ODA provider (21.62%) last year.

According to Christophe Komlagan Akpoto, official development assistance in 2017 was directed to all sustainable development goals (SDGs), except SDG 12 (responsible consumption and production) and SDG 14 (Conserve and sustainably use the oceans, seas and marine resources). 

Similarly, all five axes of the Strategy of Accelerated Growth and Promotion of Employment (SCAPE), which will soon be replaced with the national development plan (2018-2022 PND), were also funded, the official revealed.  

Fiacre E. Kakpo

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