2017年-世界发展银行全球_Country_Partnership_Framework_for_Republic_of_Togo_for_the_Period_FY17-FY20_90页_1mb

Summary of the World Bank Group Country Partnership Framework for Togo (FY17-FY20)

Core Content

The World Bank Group (WBG) has developed a Country Partnership Framework (CPF) for Togo covering the fiscal years FY17 to FY20. This CPF is aligned with the Government of Togo's National Development Plan (PND) for 2018-2022 and aims to support inclusive and sustainable growth through enhanced governance, public service delivery, and environmental sustainability.

Main Views and Key Information

I. Introduction

• The CPF is the first comprehensive WBG strategy for Togo since 1995.
• It emphasizes inclusive growth, strong governance, and sustainable development.
• The CPF integrates the IDA18 special themes: climate change, gender, fragility, jobs, and economic transformation.
• Two engagement scenarios are proposed for IDA to support poverty reduction and shared prosperity.
• The CPF promotes joint IDA and IFC support and uses WBG financing instruments to de-risk investments.

II. Country Context and Development Agenda

2.1 Social and Political Context

• Togo is a small coastal country in West Africa, with a population of 7.3 million.
• The country has a diverse linguistic and ethnic composition.
• Political stability has improved since the 2006 Global Political Accord (GPA), but political reforms are still ongoing.
• The next legislative elections are scheduled for 2018, and presidential elections for 2020.
• Social tensions persist due to slow progress in improving living standards, including teacher strikes and student protests.

2.2 Recent Economic Development and Outlook

• Togo's GDP growth has averaged over 5% annually from 2014 to 2016, outperforming the Sub-Saharan Africa average.
• The external current account deficit remains high, but income and service balances have improved.
• The fiscal deficit grew from 5.8% of GDP in 2013 to over 9% in 2016, with public debt-to-GDP ratio reaching 80.8% in 2016.
• The government has adopted a more prudent borrowing policy and aims to restore fiscal sustainability.
• Public sector investment has increased, but limited fiscal space led to excessive borrowing.
• The government is focusing on private sector development and more efficient public spending to maintain growth.

2.3 Poverty Profile

• Poverty rates have declined slightly from 61.7% in 2006 to 55.1% in 2015.
• Extreme poverty remains high at 49.2%.
• Rural areas and secondary cities are more affected by poverty.
• Poverty increases as one moves from the coastal region to the Plateaux, Kara, Centrale, and Savanes regions.
• Female-headed households are more likely to be poor (57.5% vs. 54.6% for male-headed households).
• Cultural and legal barriers hinder women's access to education, employment, and financial services.
• Only 15% of Togolese women have access to a bank account, limiting their ability to manage income shocks.

III. World Bank Group Partnership Framework

3.1 Government's National Development Plan (PND)

• The PND for 2018-2022 aims to build a stable democratic nation, achieve inclusive and sustainable growth, and ensure equitable access to social services.
• The WBG strategy supports the PND through three focus areas: private sector performance and job creation, inclusive public service delivery, and environmental sustainability and resilience.

3.2 CPF Strategy Overview

• The CPF emphasizes governance strengthening, including institutional reforms and accountability.
• It aims to mobilize private sector investment and improve public financial management.
• The CPF includes performance-based financing to support social spending and human capital development.
• It seeks to restore the solvency of the banking sector by addressing the negative equity of two state-owned banks.

3.3 Implementing the CPF

• IDA and Trust Fund resources will be used to support the CPF.
• The portfolio status includes both IBRD/IDA lending and grant programs.
• Monitoring and evaluation will focus on CPF performance and results.
• The CPF is supported by technical assistance (TA) and advisory services to improve public financial management (PFM) and private sector development.

IV. Risk Management

• Fiscal adjustment is a key challenge, as the government needs to reduce spending and increase revenue.
• External shocks (e.g., from major trading partners like Nigeria and China) and climate change pose risks to the economy and growth.
• The CPF aims to mitigate these risks through improved governance, public investment efficiency, and private sector engagement.

Key Themes and Focus Areas

• Governance and Institutions: Strengthening institutions, accountability, and public financial management.
• Private Sector Development: Promoting investment, job creation, and a business-enabling environment.
• Inclusive Public Service Delivery: Improving access to education, health, and social services, especially for vulnerable groups.
• Environmental Sustainability: Addressing climate change impacts and promoting sustainable resource management.

Financial and Economic Indicators

Conclusion

The CPF for Togo (FY17-FY20) is a strategic initiative aimed at supporting inclusive growth, strong governance, and sustainable development. It includes a range of financial instruments, technical assistance, and advisory services to enhance public financial management, mobilize private sector investment, and address poverty and inequality. The framework also acknowledges the risks associated with fiscal adjustment, external shocks, and climate change, and proposes measures to mitigate these challenges.