Togo : Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund. African Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2010/050

IMF Staff Country Reports

Language:

English

Subjects (All):

Poverty Reduction and Growth Facility (International Monetary Fund).

International Monetary Fund--Togo.

International Monetary Fund.

Poverty--Togo.

Poverty.

Infrastructure (Economics)--Togo.

Infrastructure (Economics).

Competition--Togo.

Competition.

Monetary policy--Togo.

Monetary policy.

Physical Description:

1 online resource (63 p.)

Place of Publication:

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

Summary:

This paper discusses key findings of the Third Review Under the Poverty Reduction and Growth Facility (PRGF) for Togo. The PRGF-supported program remains on track despite the shocks. All quantitative and structural performance criteria through end-June 2009 were met. All targets for implementation of structural reforms were fulfilled through end-June; delays have developed for the second half of 2009 primarily owing to capacity constraints. The authorities have committed to completing key reforms in 2010 to strengthen public finances, restructure the banking system, and accelerate growth.

Contents:

Cover; Table of Contents; Glossary; Executive Summary; I. Recent Economic Developments and PRGF Performance; A. Continuing Slow Growth Despite Sound Policy; B. Sound Fiscal Policy Despite Some Capacity Constraints; Figures; 1. Recent Macroeconomic Developments; 2. Impact of the Global Crisis; C. Structural Reforms for H1 2009 Advanced Well; II. Outlook for 2009-10; A. Growth Expected to Respond Modestly to Policy Measures; B. Temporary Counter-Cyclical Fiscal Measures for 2009 and 2010; 3. Public Investment: Planned and Actual, 2008-2009

C. Structural Reforms Expected to Advance, Albeit With Some DelaysBoxes; 1. Domestic Arrears - Stock and Clearance Process; 2. Petroleum Product Pricing and Policy Options; D. Managing Program Risks Requires Continuing Vigilance; E. Debt Sustainability Requires HIPC/MDRI Relief, Prudent Policies and Growth; III. Staff Appraisal; Tables; 1. Selected Economic and Financial Indicators, 2007-10; 2. Balance of Payments, 2007-10; 3. Central Government Financial Operations, 2007-10; 4. Monetary Survey, 2007-10; 5. Actual and Projected Disbursement Under PRGF Arrangement, 2008-11

6. Triggers for the Floating HIPC Completion PointAppendix 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; Attachment: Amendments to Technical Memorandum of Understanding; Appendix II. Relations with the World Bank

Notes:

"February 2010."

Includes bibliographical references.

Description based on print version record.

ISBN:

9786612840319

9781455228775

145522877X

9781452792774

1452792771

9781282840317

1282840312

9781451836707

1451836708

OCLC:

870244797