Country Report Togo April 2011

Foreign trade and payments: Donors offer fresh financing for a range of projects

Donor support for Togo remains solid and several new grants and cheap loans were approved during the past quarter.

  • The International Fund for Agricultural Development (a UN agency) and the Steering Committee of the Global Agriculture and Food Security Programme (a multilateral mechanism set up after a request from the G20 in 2009) are to give US$20m for a project to boost food security and rural incomes. The project will focus on the production and marketing of three food staples-cassava, maize and rice-and aims to help more than 100,000 (mainly subsistence) farmers to make the transition to commercial farming.
  • The Global Fund to Fight AIDS, Tuberculosis and Malaria is to make a grant of US$26m for a three-year anti-malaria programme to be handled by Plan USA, an international children's charity.
  • The regional development bank, Banque ouest-africaine de développement, is making a loan of US$10m towards the rehabilitation of infrastructure at the Port of Lomé, including power and water supplies.
  • The French development agency, Agence française de développement, has made a grant of US$8m for the clearance of domestic arrears, particularly those owed by the drug-purchasing authority, Centrale d'achat des médicaments essentiels et génériques.
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