Togo: 2011 Article IV Consultation and Sixth Review Under the Extended Credit Facility Arrangement - Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Togo.
Abstract
Appendix III of the Togo Country Report examined the relationship between public investment, growth, and debt sustainability using the model developed in Buffie et al. (2012). The model was used to inform the policy dialogue with the authorities on sustainable investment scaling up plans. The application suggested that a larger investment scaling up could promote growth without jeopardizing debt sustainability, under certain conditions that would nevertheless require continued strong reform efforts on improving the efficiency and quality of public investment, implementing a sustainable debt management strategy, and increasing revenue collection.
Citation
Anon. Togo: 2011 Article IV Consultation and Sixth Review Under the Extended Credit Facility Arrangement - Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Togo. International Monetary Fund, Washington, D.C., USA (2011) 104 pp. [IMF Country Report 11/240]
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