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2011-2015 - Togo - Country Strategy Paper

18-Jul-2011

Low economic growth and job-creation rates, limited capacity, financial management system shortcomings and inadequate economic infrastructure are some of the challenges facing Togo. However, the country has certain strengths and opportunities which the private sector could develop in order to revive the economy, as the abovementioned constraints are gradually eliminated. These strengths are an agricultural sector which can be further developed and substantially diversified, a tradable services sector, especially the transport services, which can stimulate growth and create jobs, relative industrial experience, a diaspora that transfers substantial remittances back home, a sub-soil that abounds in mineral resources, and opportunities afforded by regional integration. Despite an interruption period due to sanctions, the Bank has had long cooperation experience with Togo. Its current portfolio is still modest, recent and geared towards infrastructure and governance

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