Togo - Private Sector Development Support Project

closed

The development objective of the Private Sector Development Support Project is to contribute to an improved investment climate in Togo, including in a New Free Zone, and to an improved performance of targeted micro and small businesses. There are three components to the project. The first component of the project is support to investment climate reforms. This component aims at improving critical aspects of the Togolese investment climate. To do so, it will focus on two Doing Business indicators (starting a business and registering property). The second component of the project is support to the development of entrepreneurial capacities. This component targets micro and small firms (MSEs) that are the primary source of job creation in Togo and it aims at developing the entrepreneurial capacities of MSEs through targeted and practical business training, coupled with matching grant for registered (formal) firms and mentoring for informal (also referred as 'traditional') ones. The third component of the project is support to the development of a new Free Zone. This component will support the Government of Togo to develop a new Free Zone, in lieu of the existing one, to ensure that the Free Zone yields important economic benefits to the country (notably in terms of revenue contribution and job creation).