Togo: Enhanced Initiative for Heavily Indebted Poor Countries— Decision Point Document

Volume/Issue: Volume 2008 Issue 370
Publication date: December 2008
ISBN: 9781451836653
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Exports and Imports , ISCR , CR , Togolese authorities , exchange rate , economic growth , real GDP , NPV terms , MDRI debt relief , Umbrella account , bridge loan , NPV of debt-to-revenue ratio , phosphate sector , clearance operation , MDRI assistance , NPV of debt-to-exports ratio , arrears clearance , PRSP process , reform program , Debt relief , Arrears , Debt service , Debt service ratios , Global

Summary

This paper presents a decision point document for Togo’s Enhanced Initiative for Heavily Indebted Poor Countries. Economic performance has been improving although the country has been strongly affected by the recent surge in food and fuel prices as well as heavy flooding during the summer. As a consequence of the extended political crisis, interruption in foreign aid and the economic decline, Togo’s social indicators remain among the lowest in the world. Expenditures on health, education, and public investment are far below regional averages.