Togo : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Waivers of Performance Criteria and Augmentation of Access: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Togo.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2010/216

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Togo.

Economic development.

Fiscal policy--Togo.

Fiscal policy.

Global Financial Crisis, 2008-2009.

Physical Description:

1 online resource (67 p.)

Edition:

First edition.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2010.

Summary:

Togo’s macroeconomic situation remains difficult, despite some modest improvements. Despite the impact of the global recession, program implementation has generally been satisfactory, although corrective actions are necessary for recent slippages. Debt management and monitoring are being strengthened. In light of the difficult macroeconomic conditions, a countercyclical fiscal policy stance is required. Sustainable fiscal policy requires a gradual consolidation, as global conditions improve further. Togo’s main economic challenges are continuing to strengthen public finances and completing structural reforms to enhance growth potential.

Contents:

Cover; Table of Contents; Executive Summary; I. Recent Economic Developments and Program Performance; A. Growth below Potential Following Global Recession; B. Economic Policy Broadly on Track despite Slippages; Figures; 1. Recent Macroeconomic Developments; 2. Togo: Moderate Negative Impact of Adverse External Environment; Boxes; 1. Improving Togo's Level of Public Investment; 3. WAEMU and Togo: Capital Investment (as a percentage of GDP); 4. Togo: Public Investment Planned and Executed 2007-10; C. Satisfactory Progress on Structural Reforms but Challenges Remain

II. Outlook and Policies for 2010A. Growth Still Modest in spite of Fiscal Measures; B. Continued Countercyclical Fiscal Stance for 2010; C. Pushing Structural Reforms to Fruition; 2. Domestic Arrears Clearance Strategy Well Advanced; D. Program Risks Merit Enhanced Monitoring; E. Good Progress toward HIPC Completion Point; III. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators, 2008-11; 2. Balance of Payments, 2008-11; 3. Central Government Financial Operations, 2008-11; 4. Monetary Survey, 2008-11; 5. Proposed Schedule of Disbursement under ECF Arrangement, 2009-12

6. Indicators of Capacity to Repay the Fund7. Triggers for the Floating Completion Point; Appendix I. Letter of Intent; Table 1. Quantitative Performance Criteria and Indicative Targets; Table 2. Status of Structural Reforms through 2009; Table 3. Structural Conditionality for 2010; Appendix II. LIC Debt Sustainability Analysis; Appendix III. Joint Management Action Plan on Bank-Fund Collaboration (JMAP)

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9786612848223

9781455226757

1455226750

9781455247561

1455247561

9781282848221

1282848224

9781455207596

1455207594

OCLC:

870244885