UPSEZWA Togo

active

The objective of this Child Project is to address and eliminate (or at least reduce) identified market and government-regulatory failures in Togo by facilitating inclusive economic growth and equitable social development through the adoption and implementation of competitive SEZ legal, regulatory, and institutional frameworks that align with Chapter 14 of the ECOWIP and the Paris Agreement. These competitive best-practice frameworks are reasonably expected to allow downstream private SEZ investments, as potentially financed in part by IFC, in the healthcare, logistics, manufacturing, agribusiness, tourism, and infrastructure sectors, among others. The vehicle to achieve this objective is through a new generation of SEZs that integrates social activities that will be developed and operated by private-sector enterprises (i.e., SEZ developers/operators) and promoted in part by the Ministry of Investment Promotion (“MIP”). Specifically, by Project completion IFC expects to achieve the following outcomes: • Adoption of a new national SEZ Law and national SEZ Implementing Regulations that align with Chapter 14 of the ECOWIP and the Paris Agreement; • Creation and operation of at least 1 Medical SEZ (including a medical incubator); • Creation and operation of 1 Cotton-to-Textiles SEZ that adheres or commits to international environmental reforms and standards and leverages digitized and information-and-communication technologies or ICTs; and • 50 new SEZ enterprises operating in any of the Togolese SEZs.