Togo

Located on the West African coast, Togo is bordered by Ghana, Benin, and Burkina Faso, and is home to approximately 8.6 million people in 2025. National poverty rates are significantly higher in rural areas (58.2%) compared to urban areas (26.2%). Women remain more vulnerable, with more limited access to economic opportunities, education, health care, and other basic socioeconomic infrastructure.

Togo’s score on the Human Capital Index (HCI) stands at 0.43. This means that children born in Togo today will be only 43% as productive as they could be as adults, due to limited access to good health care, adequate nutrition, quality education, and sufficient food.

Political Context

Togo has transitioned to a parliamentary system, with Faure Gnassingbé appointed as the first President of the Council and holding executive authority. Under the new system, the President of the Republic exercises primarily ceremonial functions, while a bicameral Parliament – composed of the National Assembly and the Senate – is responsible for electing both the President of the Republic and the President of the Council. Togo’s political landscape continues to be dominated by the ruling Union for the Republic (UNIR) party.

The security situation in northern Togo remains a key priority, as the authorities face persistent threats in the Savanes region. A state of emergency, first declared in June 2022 and most recently renewed in March 2026, is in place alongside a 2026–2027 response plan to support populations affected by insecurity and displacement.

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Following a strong post‑COVID rebound, real GDP growth moderated to an estimated 5.9% in 2025, reflecting fiscal consolidation and softer external demand. However, poverty reduction has been slow, constrained by persistent challenges, including the need to restore fiscal space, reduce spatial disparities in access to basic services, ease structural constraints to investment and formalization, and expand productive job opportunities for a rapidly growing youth population.

GDP growth is projected to ease further to 5.0% in 2026, reflecting continued fiscal consolidation efforts and the impact of the conflict in the Middle East. As a result, inflation is projected to increase to 2.8% in 2026, from 0.4% in 2025. The fiscal deficit is expected to narrow to 3.0% of GDP from 2026 onward, down from 3.5% of GDP in 2025, in line with the WAEMU target. This adjustment will rely mainly on tax policy and administration reforms, complemented by expenditure restraint. Public debt is projected to reach 64.8% of GDP in 2026. Risks of debt distress are expected to remain moderate, although short‑term refinancing pressures persist.

Barring further escalation of geopolitical tensions and assuming full implementation of the government’s reform commitments, growth is projected to strengthen to an average of 6.0% in 2027-28. This acceleration would be supported by ongoing reforms expected to raise households’ disposable incomes and boost private investment, including in Agricultural Development Zones and industrial zones.

On the supply side, industrial activity and agricultural yields are also expected to improve, supported by mining, light manufacturing, expanding electricity generation capacity, and continued sectoral reforms. In this context, the poverty rate is projected to decline gradually to 22.2% by 2028 (international poverty definition), supported by rising per capita incomes across sectors and generally moderate inflation.

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Through development policy operations and the Inclusive Development through Electricity Access Project (IDEA), the Bank's support helped improve the financial viability of the energy sector, increased renewable energy adoption, and enhanced the distribution network in. Current efforts are contributing towards the governance and restructuring of the national electricity company, CEET, the introduction of smart pre-paid meters for state institutions, tariff reform, and guidelines for self-producers and private sector involvement in the power sector.

Generally, the Bank continues to provide substantial support for the energy sector with development policy loans, investment loans, technical assistance, capacity building, and advisory services and analysis.

The Essential Quality Health Services for Universal Health Coverage received an additional $81million financing this fiscal year which aims to improve the provision of essential health and nutrition services and quality of care for pregnant women, children, and vulnerable populations.

The Sahel Women’s Empowerment and Demographic Dividend Plus Project aims at improving access to education, economic opportunities, and health services and at strengthening women and adolescent girl’s autonomy. Togo is also a Gender Fast Track Country supported by the Gender Group.

The WBG supports sector transformation through the FSRP and the newly approved $300 million AgriConnect MPA — a joint WBG operation combining IDA financing, IFC value chain financing and advisory services, and MIGA trade guarantees for fertilizer access.

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The government’s current development policy is outlined in its National Development Plan (PND) for the period 2017–2022 and updated through its 2020–2025 roadmap. The overarching objective is to structurally transform the economy to promote growth, social inclusion, job creation, and institutional modernization, notably through digitalization.

Togo accessed the Prevention and Resilience Allocation (PRA) in May 2024, in recognition of the need to pivot to prevention and address fragility dynamics, in support of the Government’s prevention efforts. The national prevention strategy – Emergency Plan for Strengthening Resilience in the Savanes Region (PURS) first adopted in 2022 – was expanded to national scale, with the aim to: (i) scale up basic service delivery; (ii) strengthen livelihoods and job creation; and (iii) bolster security, territorial administration and early warning systems. The PRA constitutes a 75% top-up to Togo’s performance-based allocation and is an important platform for policy dialogue, backed with commitments on trajectory-shifting reforms to address FCV.

The World Bank’s new Country Partnership Framework (CPF) (FY25-FY29) with Togo is aligned with ongoing national strategies and focuses on three high-level objectives:

• Increasing quality private sector employment;
• Enhancing human capital;
• Promoting inclusive and resilient territorial development.

Under this CPF, the World Bank Group plans to mobilize approximately $1.5 billion to support reforms and investments in strategic sectors. As of February 2025, the World Bank’s portfolio in Togo included seven national projects, nine regional projects, and one operation supporting priority reforms, for a total commitment of $1.5 billion. These projects are financed by the International Development Association (IDA).

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IFC has been a key partner for Togo, with landmark investments in the port logistic, energy, and in facilitating access to finance for small and medium-sized enterprises (SMEs).

As outlined in the World Bank Group’s Country Partnership Framework (CPF) for FY2025–2029, IFC’s strategy in Togo will focus on: (i) agricultural productivity and selected agro-food value chains, as well as access to irrigation, mechanization, and financial services; (ii) improved transport and logistics infrastructure to position the country as a regional business hub through direct financing and public-private partnerships (PPPs); (iii) restructuring the energy sector to ensure reliable and sustainable access to electricity for all; and (iv) digitization and development of the digital economy to stimulate growth, create jobs, and build resilience.

IFC’s portfolio has grown significantly between FY2022 and FY2026. During this period, IFC has invested and mobilized $359 million across several sectors, including agribusiness, manufacturing, energy, transport, logistics, MSMEs financing and digital — IFC’s strategy aligns with the WB ‘s priorities , including the M300 initiative to improve access to reliable and sustainable energy, and AgriConnect, which aims to transform smallholder farming, create jobs, and strengthen food security.

MIGA’s engagement in Togo has deepened materially and positions MIGA as a catalytic partner to crowd in private capital under tight fiscal conditions, particularly around trade finance and energy. As of February 2026, MIGA’s gross exposure in Togo amounted to $172.80 million. MIGA has also supported the West African Development Bank (BOAD), of which Togo is a member, mobilizing $535 million of commercial financing towards sustainable and climate finance projects in its member countries.

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