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Togo: EU and IMF support management of public finances


Tuesday, 24 July 2018

Togo: EU and IMF support management of public finances

An agreement on a technical assistance project for the management of public finances has been signed between the Togolese government, the International Monetary Fund (IMF) and the European Union, according to an official statement released on Wednesday 11 July 2018. Funded by the European Union and implemented by the IMF, this project aims to “improve budget preparation, extend coverage and improve the quality of treasury management and better synchronisation with the management of public debt,” according to the European Union Delegation in Togo. The project will include capacity building in budget preparation, implementation, monitoring and reporting as well as treasury and public debt management. “Good management of public funds is a fundamental, cross-functional, issue to ensure that the revenues collected and the actions of government and public bodies contribute fully and efficiently to sound economic and social development,” Vincent Vire, interim Chargé d’affaires at the EU Delegation was quoted as saying.

Source: afrique.latribune.fr