Togo: Seconde Revue de l'Accord au Titre de la Facilité Élargie de Crédit et Demande de Modification des Critères de Réalisation - Communiqué de Presse; Rapport des Services du FMI; et Déclaration de l'Administrateur pour le Togo
International Monetary Fund. African Dept.
Jun 2018 · International Monetary Fund
Ebook
85
Pages
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About this ebook
Economic activities have weakened due to the continuing socio-political tensions. Despite the ensuing revenue underperformance, the fiscal position improved significantly as expenditure was curtailed; the domestic primary balance at end-2017—the fiscal indicator under the direct control of the government—improved by about 5 percentage points of GDP relative to 2016. Inflation has been subdued and is expected to remain below the WAEMU convergence criterion of up to 3 percent during the program period. The current account balance has improved, driven by lower imports related to public investments. The political dialogue has stalled and protests resumed.
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