Board Documents

Abstract: The Reform and Governance Support Programme (PARG) is the first to be financed by the Bank in Togo following the lifting of sanctions decided by the Board of Directors in July 2008. The objective of PARG is to support the Government’s economic growth and poverty reduction policy as outlined in the I-PRSP. PARG, which covers the fiscal year 2009-2010, is consistent with the Interim Poverty Reduction Strategy (I-PRSP/2008-2010) and is in line with the Bank’s intervention strategy in Togo for 2009-2010, as contained in the Interim Country Strategy Paper (I-CSP). It is consistent with the Bank’s guidelines on governance and its Fragile States Initiative. The PARG financing comprises two grants in the amount of UA 12.5 million, in the form of balance of payments support, and broken down as follows: a UA 10 million ADB/ADF “Fragile States Facility” grant and a UA 2.5 million ADB grant under the “African Food Crisis Response”.

Abstract: The Africa Food Crisis Response (AFCR) is the Bank’s framework for accelerated support to Regional Member Countries (RMCs) affected by increased food prices. The specific objectives of the AFCR are: i) reduce vulnerability of the poor to high and unstable food prices; ii) support broad based growth through increased agricultural productivity, market participation, and strengthened government policies for sustainable agricultural development; and iii) strengthen adequate capacity in Government to ensure an enabling environment for sustainable agriculture growth including by the private sector. Overall the AFCR is projected to avail approximately UA 471.97 million in the short term and UA 1.4 billion in the medium to long term.