LOME, March 31, 2023 – Today, World Bank Group President David Malpass met with Prime Minister Victoire Tomegah-Dogbé and members of the cabinet of Togo.
President Malpass and Prime Minister Tomegah-Dogbé discussed Togo’s medium-term development strategy aimed at building a modern and peaceful country through sustainable and inclusive growth. President Malpass acknowledged Togo’s development opportunities in regional commerce, given the availability of a deep-sea port in Lomé and the country’s leadership on digitalization.
President Malpass noted the economic recovery in Togo, but rising debt pressures. He also highlighted the importance of fiscal consolidation and welcomed the government’s intention to improve the effectiveness of spending and taxation.
President Malpass spoke about the importance of private sector-led growth and welcomed Togo’s shift from a commodity-dependent toward a service-based economy, while improving the conditions for job creation.
President Malpass and Prime Minister Tomegah-Dogbé discussed areas for World Bank Group support under the 2024-2028 Country Partnership Framework, including improving agriculture productivity and agribusiness value chains, private sector development and digital transformation, and resilience and prevention of violence in the northern regions of Togo.
President Malpass and Prime Minister Tomegah-Dogbé also spoke about rising insecurity in the Sahel region and ways of managing spillover risks by supporting economic opportunities and social service delivery in the north.