Togo: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 165

Publication date: May 2009

ISBN: 9781451836660

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Topics covered in this book

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Banks and Banking , Exports and Imports , Finance , Public Finance , ISCR , CR , Togo , financing , export , price , GDP , export sector , macro framework , trading partners , WAEMU economy , export revenue , government spending , policy stance , market participant , Government debt management , Debt strategy , Debt service , Securities markets , Global

Also of interest

Grenada

Peru

Nepal

Peru

Summary

This Selected Issues Paper examines the main channels of transmission of the global financial crisis on Togo’s economy. This paper assesses its impact, focusing on 2009 and considering country-specific factors that may aggravate, mitigate, or offset its effects. The decrease in global demand has already brought down the prices of its main exports, phosphate and cotton, which already had problems. The increase in unemployment in Europe and the United States may also affect Togo through lower remittances, which have been a significant source of income.