The European Union will inject 1.8 billion FCFA (3 million euros) into a project called “Strengthening Public Financial Management”. It is a capacity development project designed by the International Monetary Fund (IMF).

The “Strengthening Public Financial Management” initiative aims to strengthen practices in the areas of the programme budget, as well as the management of green public finances, public investments, and fiscal risks. According to the IMF, the initiative will be implemented over the period 2023-2026 by the Washington-based financial institution, with financial support from the EU. An International Monetary Fund (IMF) mission visited Togo this week (5 to 8 June) to launch the project.