MIL-OSI Translation: IMF staff conclude their visit to Togo

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MIL OSI Translation. Government of the Republic of France statements from French to English –

Source: IMF in French

June 18, 2021

End-of-mission press releases contain statements from staff teams reporting on their preliminary findings after their visit to a country. The views expressed in this statement are those of the staff of the IMF and do not necessarily reflect those of the Executive Board of the IMF. The assignment in question will not be the subject of deliberations within the board of directors.

Discussions focused on measures to support the response to the COVID-19 crisis, efforts to strengthen the nascent economic recovery, the need for reforms to foster inclusive and sustainable growth, led by the private sector.
The Togolese authorities have expressed their interest in support under the Extended Credit Facility.
Discussions are expected to continue with a view to finalizing agreements on a new ECF agreement.

Washington, DC: A team from the International Monetary Fund (IMF), led by Mr. Jaroslaw Wieczorek, held virtual meetings with the Togolese authorities from June 1 to 18, 2021 to discuss recent economic developments.

At the end of the discussions, Mr. Wieczorek issued the following statement:

“Staff discussions with the authorities focused on measures to support the response to the COVID-19 crisis, efforts to strengthen the nascent economic recovery, the need for reforms that can be leveraged to foster a inclusive and sustainable growth driven by the private sector, and improved medium-term development outcomes. It is in this regard that the Togolese authorities have expressed their interest in support under the Extended Credit Facility (ECF).

“During the discussions, notable progress was made on the key assumptions underlying the macroeconomic framework, with the aim of securing resources for the planned vaccination campaign and other needs related to the COVID-19 crisis , as well as strengthening medium-term macroeconomic stability and fiscal leeway for social and development spending.

“The Togolese authorities have confirmed their commitment to reforms based on the Togo 2020-25 roadmap and the national development plan.

“Discussions are expected to continue in the near future with a view to finalizing the agreements on a new ECF agreement.

“The IMF team expresses its gratitude to the Togolese authorities for the open and productive discussions.”

IMF Communications Department
MEDIA RELATIONS

PRESS OFFICER: Andrew Kanyegirire

PHONE: +1 202 623-7100 EMAIL: MEDIA@IMF.org

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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