Togo : Second Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria
Author/Editor:
International Monetary Fund. African Dept.
Publication Date:
June 22, 2018
Electronic Access:
Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
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.
Series:
Country Report No. 18/184
English
Publication Date:
June 22, 2018
ISBN/ISSN:
9781484362884/1934-7685
Stock No:
1TGOEA2018001
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.