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IDA-20: Togo among 39 eligible countries

13/07/2022
Categories: Economy/Forex

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Togo will also benefit from the $65 billion that the International Development Association will disburse to Africa over three years.

39 African countries are eligible for this financing, considered a record since the creation of IDA in 1960. Togo is among the countries selected for this purpose. The country has indeed improved its IDA resource allocation index. This improvement has allowed the World Bank's portfolio in Togo to increase fourfold, from about $236 million in 2018, to more than $917 million to date. A rapid increase, driven by the good performance noted in the reforms. It should be noted that according to the World Bank, the program will target five priority areas: economic transformation; agriculture, livestock and food security; human capital; digital and technological innovations; and energy transition.

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