<\/p>\n
The decision unlocks an immediate disbursement of about $109.5 million, bringing total support under the arrangement to roughly $298.6 million. The IMF also approved waivers for minor and temporary breaches of certain performance criteria, citing delays in external funding, administrative constraints and shifting financing conditions.<\/p>\n
<\/p>\n
The IMF said Togo\u2019s reform programme is aimed at addressing the impact of the COVID-19 pandemic and rising global food and fuel prices while promoting more inclusive economic growth. Key priorities include strengthening fiscal and debt sustainability, protecting vulnerable populations, addressing banking sector weaknesses and improving governance.<\/p>\n
<\/p>\n
Togo\u2019s economy has remained relatively resilient, with gross domestic product growth of around 6% in 2025, driven largely by the services sector, while inflation declined. However, growth is expected to slow in 2026 and inflation to rise due to external pressures, including geopolitical tensions and higher global commodity prices.<\/p>\n
<\/p>\n
The IMF noted that programme implementation has been broadly satisfactory, with most quantitative targets met and strong progress made on structural reforms. Since the previous review, seven of eight structural benchmarks have been completed, including measures to improve public financial management, increase fiscal transparency and strengthen oversight of state-owned enterprises.<\/p>\n
<\/p>\n
Spending targets aimed at supporting vulnerable groups have also been met, reflecting continued efforts to protect low-income households.<\/p>\n
<\/p>\n
IMF Deputy Managing Director Kenji Okamura said maintaining reform momentum will be critical as risks remain elevated. \u201cDespite a challenging environment, the economy has remained resilient; however, significant downside risks persist,\u201d Okamura said.<\/p>\n
<\/p>\n
He highlighted the need for continued fiscal discipline to ensure debt sustainability, including efforts to increase domestic revenue through tax reforms and improved administration.<\/p>\n
<\/p>\n
The IMF also stressed the importance of addressing vulnerabilities in the banking sector, noting that steps such as an independent asset quality review are essential to strengthening financial stability.<\/p>\n
<\/p>\n
Further structural reforms are expected to focus on improving governance, enhancing transparency and strengthening oversight of state-owned enterprises, particularly in the energy sector.<\/p>\n
<\/p>\n
The Fund said sustained implementation of these reforms will be key to supporting long-term, inclusive growth and reducing exposure to external shocks.<\/p>\n
<\/p>\n
–IMF\/ChannelAfrica–<\/p>\n","protected":false},"featured_media":38444,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-38442","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"The International Monetary Fund (IMF) has approved additional funding for Togo following the completion of the combined third and fourth reviews under the country\u2019s Extended Credit Facility programme.","published_date":"","news_description":"The International Monetary Fund (IMF) has approved additional funding for Togo following the completion of the combined third and fourth reviews under the country\u2019s Extended Credit Facility programme.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38442\/revisions"}],"predecessor-version":[{"id":38445,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/38442\/revisions\/38445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/38444"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=38442"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=38442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}