Whereas before, his government had decreed a first emergency fund of 2 billion FCFA in the face of
The pandemic, Togo is raising the stakes and wants to mobilize 400 billion FCFA, to face the
economic consequences related to Covid19.
This important envelope, in the form of a National Solidarity and Economic Recovery Fund,
has just been announced by the Togolese Head of State, at a recent address to the nation.
"No Togolese will be left behind in this battle that we are waging together. " says
indeed Faure Gnassingbé. "That's why I asked the government to study all the
possibilities that can allow us to best protect economic activity from the consequences of the
crisis. »
Thus, this envelope, which represents nearly 30% of the 2020 budget (at just over 1400 billion)
will be used to finance all of the government's socio-economic measures, to support
companies in particular SMIs/SMEs affected by the consequences of the pandemic.
The entire pot will be mobilized on the one hand from the State itself, the country forget "all the good will", in a context of mobilization in the face of the pandemic, which has already made
36 cases in Togo, including 2 deaths.
Moreover, let us remember that the Coronavirus crisis presents a challenge not only human and health
(involving equipping oneself with medical equipment, tools and rapid test kits, and deploying mobile labs,
also announced by the Togolese Head of State), but also economic and financial (notably in
alleviating the uncertainty and significant slowdown that the overwhelming majority of the world's countries are experiencing).

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