TG - Economic Recovery and Governance Credit 6

closed

The development objective of the Sixth Economic Growth and Governance Credit Project for Togo is to support government owned reforms to strengthen economic governance, to improve the efficiency of resource use as well as to implement growth enhancing structural reforms in agriculture, energy, telecommunications, mining, and banking. This series supports two pillars of the new interim strategy note (ISN) for FY2012-2013 and provides financing for the 2013, 2014, and 2015 budgets. The reforms supported by the series improve the government’s ability to use public resources efficiently and effectively, enhance oversight and transparency, and strengthen the foundations for accelerated and inclusive growth. The credit is coordinated with other International Development Association (IDA) lending operations, with the international monetary fund (IMF), and the European Union (EU), as well as with African Development Bank (AfDB), United Nations Development Program (UNDP), and French bilateral aid.