Togo has received $150 million in financing from the World Bank to support private investment and job creation. The funding, provided by the International Development Association, equals about 84 billion CFA francs.
It marks the first phase of a three-year reform programme to drive economic transformation. The reforms will focus on improving agricultural productivity and access to finance for small farmers. The programme also targets energy, digital, and logistics infrastructure gaps. Measures will be taken to attract more foreign direct investment and private capital.
The World Bank estimates the reforms could mobilise up to $800 million in private investment. The programme is expected to improve employment conditions for about 73,000 people over five years.
About The Author
