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Togo : Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

June 22, 2018

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Economic activities have weakened due to the continuing socio-political tensions. Despite the ensuing revenue underperformance, the fiscal position improved significantly as expenditure was curtailed; the domestic primary balance at end-2017—the fiscal indicator under the direct control of the government—improved by about 5 percentage points of GDP relative to 2016. Inflation has been subdued and is expected to remain below the WAEMU convergence criterion of up to 3 percent during the program period. The current account balance has improved, driven by lower imports related to public investments. The political dialogue has stalled and protests resumed.

Series:

Country Report No. 18/184

English

Publication Date:

June 22, 2018

ISBN/ISSN:

9781484362884/1934-7685

Stock No:

1TGOEA2018001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper