Project & Operations

Abstract: 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”. The Programme’s goal is to support the Government’s economic growth and poverty reduction policy by enhancing the efficient and transparent management of public resources. It will comprise the following four components: (i) improvement of public finance management; (ii) strengthening of the public procurement system; (iii) improvement of the business climate; and (iv) support to mitigate the impact of the food crisis. The expected Programme outcomes are essentially: (i) maintaining stability of the macro-economic environment; (ii) creating an institutional and regulatory environment that promotes transparency in the management of public resources. There are two types of PARG beneficiaries: public institutions (economic and financial) and various segments of the Togolese population, including economic operators and rural women, in particular.

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”.