Togo’s public debt-to-GDP ratio stood at 77 percent as of December 31, 2017, compared to 82 percent a year earlier, Economy and Finance Minister Sani Yaya said in a news conference. press Tuesday, April 10 in Lomé.
This rate is determined according to the criteria of the International Monetary Fund (IMF) which also include the debts of the state companies, said the minister, who announces, moreover, that the debt is 71.74% of GDP according to criteria for defining UEMOA’s debt against a standard of 70%.
The minister was speaking in the presence of an IMF team that had just completed a mission in Lome. “The ratio of public debt to GDP has continued to decline thanks to the strong fiscal consolidation initiated by the government under the program” supported by an Extended Credit Facility (ECF), reads a statement of the chief of mission, Ivohazina Razafimahefa.
