Togo - Economic development



The 1981–85 development plan called for spending roughly equal allocation levels for rural development (26.5%), industry (29.2%), and infrastructure (29.5%). In the 1986–90 development plan, principal allocations were for infrastructure and rural development.

Of the development funds for the 1986–90 plan, 90% were sought from foreign sources. Principal sources of development aid are France, Germany, the United States, China, the EU, the World Bank, and IDA. France ranked first among the bilateral donors, with Germany second. The government was diverted from implementing the plan by international financial considerations and concerns over the process of democratization. In 1998 the EU and World Bank suspended aid because of such considerations, and poor economic performance. Accords signed in 1999 brought back some interest in developing the country economically, but the major setback remains inadequate political development.

Togo is a member of the Economic Community of West African States (ECOWAS), whose development fund is located in Lomé. The country is also a member of the West African Economic and Monetary Union (UEMOA). Affiliated with the UEMOA is the West African Development Bank, also based in Lomé.

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