World Bank rolls out new roadmap in Togo

Accelerated poverty reduction, better governance and deeper economic recovery will be front and center to World Bank engagement in Togo in the next two years.

The World Bank approved Jan. 26 a new interim strategy note outlining its priorities in the West African country for 2012 and 2013. The strategy is organized around three key pillars: promoting sustainable development and deepening economic recovery, improving state economic governance and capacity, and addressing urgent social needs and poverty reduction.

Through the new strategy, the World Bank will continue supporting programs like the Abidjan-Lagos Trade and Transport Facilitation Project and the Emergency Infrastructure Rehabilitation and Energy Project. The bank is also set to scale up assistance for an education sector development project and community development initiative.

There will be a number of new World Bank-financed projects as well, including a regional communications infrastructure program. The bank also plans to provide additional budget support to help Togo improve its public financial management system.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.