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Togo: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo

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  • International Monetary Fund

Abstract

Following a series of shocks in recent years, Togo continues to face persistent challenges to food security and terrorist attacks, while broader development needs remain acute. Fiscal expansion implemented in response to the shocks has helped preserve robust economic growth but has also pushed up public debt, reversing the debt reduction achieved during the 2017–20 ECF-arrangement, eroding fiscal space and buffers to absorb shocks, and contributing to regional vulnerabilities in the West African Economic and Monetary Union (WAEMU). In response to these challenges, the Fund approved the authorities’ request for a new ECF-arrangement in March 2024.

Suggested Citation

  • International Monetary Fund, 2024. "Togo: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Togo," IMF Staff Country Reports 2024/299, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2024/299
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