The World Bank has approved $200 million in financing from the International Development Association (IDA) to support policy reforms in Togo. The initiative aims to enhance sustainable agriculture, accelerate rural electrification, promote climate change mitigation, strengthen human capital, and develop fiscal space for priority investments.
This is the second Development Policy Operation aimed at fostering sustainable, inclusive, and resilient development in Togo. Key areas of focus include improving tenure security for smallholders to encourage investment in productive agricultural practices, advancing energy sector reforms with a new tariff structure and renewable energy support, creating a regulatory framework for carbon credit markets, establishing a national social registry for effective social protection, increasing access to educational resources and enhancing teacher performance, supporting victims of gender-based violence, streamlining tax expenditures to boost government revenue, and reducing fiscal risks linked to public enterprises' financial health.
The operation aligns with Togo's 2025 roadmap and emergency plan for the Savanes region. It supports the Country Partnership Framework's goals of improving agricultural productivity, ensuring universal electricity access, enhancing service delivery for vulnerable populations, undertaking ambitious climate action initiatives, and maintaining macroeconomic stability.
“Togo has made significant progress in recent years to promote sustainable agriculture and social and climate resilience. This financing will support the actions underway to help the country achieve its sustainable development goals while building resilience to fragility challenges particularly in the northern regions,” stated Fily Sissoko, World Bank Country Manager for Togo. “This support will enable the country to scale up the reforms needed to accelerate the structural transformation of the economy particularly in rural areas where extreme poverty is concentrated as well as strengthen the human capital and resilience of vulnerable populations.”