According to a report by the Ministry of Economy and Finance, Togo's external debt is mainly held by commercial banks. Especially Asian banks.

This is a report that covers the 1st half of 2020, indicates togofirst. The details, underlines the same source, indicate that the Asian commercial banks (Eximbank of China and India, MUFG Bank of Japan) and the French Societe Generale, all four together hold alone, more than 50% of the debt outside the country. This is equivalent to approximately 474 billion CFA francs.

This amount, it is pointed out, is higher than the outstanding balance of multilateral loans, which represents 46% of Togo's overall external debt, i.e. 430 billion CFA francs at the end of the first quarter of 2020.

Estimated at FCfa 936 billion, the country's external debt is dominated by loans denominated in euros, which represent 26.7%.

The debt in FCFA with the assistance of the IMF in Special Drawing Rights (SDR) weighs 21.7% and in dollars, 19.6%. While Chinese donors hold 17.4%, or nearly FCfa 142 billion.