The World Bank Group has approved a $150 million International Development Association (IDA) operation to support Togo in implementing structural reforms aimed at boosting private investment, creating quality jobs, and laying the foundation for inclusive and resilient economic growth. This operation is the first in a three-year programmatic series designed to address key drivers of Togo’s economic transformation.
The program focuses on several strategic areas, including strengthening agricultural productivity through improved land security and access to financing for smallholder farmers, reducing infrastructure constraints via energy, digital, and logistics reforms, and mobilizing private capital by enhancing the country’s attractiveness to foreign direct investment. It also aims to stimulate the formalization of small and medium-sized enterprises and develop technical and vocational skills needed in productive sectors.
If fully implemented, the program is expected to mobilize up to $800 million in additional private capital and improve employment conditions for approximately 73,000 people over five years. Agricultural, land, and energy reforms are anticipated to be the primary drivers of job creation, while renewable energy projects and increased foreign investment will contribute further to private sector growth.
Key measures under this first operation include the establishment of the National Land and Property Agency to coordinate land policies and accelerate land document issuance, the revision of the Togolese Electric Energy Company’s governance to foster private investment, and the introduction of a cap on wholesale broadband prices to increase competition and digital access. Additional measures focus on strengthening legal protections for foreign investors and improving pathways between general education and technical and vocational training to expand the supply of skilled labor.
