{"id":192608,"date":"2021-06-19T21:12:55","date_gmt":"2021-06-19T19:12:55","guid":{"rendered":"https:\/\/imf-fmi.africa-newsroom.com\/press\/imf-staff-concludes-virtual-visit-to-togo?lang=en"},"modified":"2021-06-19T21:12:55","modified_gmt":"2021-06-19T19:12:55","slug":"imf-staff-concludes-virtual-visit-to-togo","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/imf-staff-concludes-virtual-visit-to-togo\/","title":{"rendered":"IMF Staff Concludes Virtual Visit to Togo"},"content":{"rendered":"<p><a href=\"https:\/\/www.africa-newsroom.com\/files\/large\/cdddc1899b9052b\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.africa-newsroom.com\/files\/large\/cdddc1899b9052b\" alt=\"International Monetary Fund (IMF)\" style=\"max-width:500px\" \/><\/a><br \/><a href=\"https:\/\/www.africa-newsroom.com\/files\/download\/cdddc1899b9052b\">Download logo<\/a><\/p>\n<p>Discussions were focused on measures to support the ongoing response to COVID-19, efforts to strengthen the nascent economic recovery, the need for reforms to foster inclusive and sustainable private sector-led growth; The Togolese authorities have expressed their interest in support under the Extended Credit Facility; Discussions are expected to continue with a view to finalizing the understandings on a new ECF arrangement.<\/p>\n<\/p>\n<p>An International Monetary Fund (IMF) team led by Mr. Jaroslaw Wieczorek, Mission Chief for Togo, held virtual meetings with the Togolese authorities from June 1&ndash;18, 2021 to discuss recent economic developments.<\/p>\n<p>At the end of the visit, Mr. Wieczorek issued the following statement:<\/p>\n<p>IMF staff discussions with the authorities were focused on measures to support the ongoing response to COVID-19, efforts to strengthen the nascent economic recovery, the need for reforms that can be leveraged to foster inclusive and sustainable private sector-led growth, and improve development outcomes over the medium term. It is in this regard that the Togolese authorities have expressed their interest in support under the&nbsp;<a href=\"https:\/\/www.imf.org\/en\/About\/Factsheets\/Sheets\/2016\/08\/02\/21\/04\/Extended-Credit-Facility\">Extended Credit Facility&nbsp;<\/a>(ECF).<\/p>\n<p>During the discussions, good progress was made on key assumptions underpinning the macroeconomic framework with the aim of ensuring resources for planned vaccinations and other COVID-19 related needs as well as continued medium-term macroeconomic stability with fiscal space for social and development spending.<\/p>\n<p>The Togolese authorities confirmed their commitment to reforms based on the 2020&ndash;25 Roadmap and the National Development Plan.<\/p>\n<p>Discussions are expected to continue in the near future with a view to finalizing the understandings on a new ECF arrangement.<\/p>\n<p>&ldquo;IMF staff team express their gratitude to the Togolese authorities for the open and productive discussions.&#8221;<\/p>\n<p><i>Distributed by APO Group on behalf of International Monetary Fund (IMF).<\/i><\/p>\n<\/div>\n<p> <a href=\"https:\/\/www.africa-newsroom.com\/\">Source: Africa Newsroom &#8211; APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download logo Discussions were focused on measures to support the ongoing response to COVID-19, efforts to strengthen the nascent economic recovery, the need for reforms to foster inclusive and sustainable private sector-led growth; The Togolese authorities have expressed their interest in support under the Extended Credit Facility; Discussions are expected to continue with a view [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-192608","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-africa-news-2","7":"tag-apo","8":"entry","9":"has-post-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/192608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=192608"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/192608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=192608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=192608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=192608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}