Togo

Togo's macroeconomic situation remained difficult owing to its political uncertainty, falling cotton prices, and continued problems in phosphate production under the Staff-Monitored Program. Executive Directors stressed the need to improve fiscal stance, address structural issues, and reinforce the role of cotton producers. They urged the authorities to press ahead with efforts to improve the compilation of economic and social statistics, and considered that Togo's participation in the General Data Dissemination System would help establish a framework for broad-based improvements in the country's statistical systems.Article IV consultations;Economic conditions;Staff-monitored programs;central bank, current account, balance of payments, public finances, external debt, public finance, external arrears, current expenditure, debt service, budgetary resources, multilateral creditors, external financing, current account deficit, national accounts, debt data, public finance statistics, bilateral donors, payment arrears, capital expenditure, current expenditures, public investment, accounting standards, current account balance, government finances, government finance statistics, domestic financing, reconciliation of debt, international accounting standards, government finance, budget outturn, repurchases, government revenue, public debt, external payment, national accounts data, loan disbursements, debt stock, actual expenditure, external debt management, external public debt, government guarantee, debt sustainability analysis, bilateral creditors, public investment program, budgetary reform, amortization payments, budgetary support, external debt service, reconciliation of debt data, domestic debt, debt management, nonconcessional debt, debt unit, general resources account, accumulation of arrears, debt sustainability, debt-service obligations, fiscal discipline, amount of debt, internal control, total external debt, financial information system