Analysis of Togo’s economic and socio-political situation: challenges and perspectives

Abstract

After a long period of political instability that led to a sharp contraction of the economy and an unprecedented high level of poverty, Togo, in 2006, began the normalization of the situation. Over the past three years, considerable progress has been made by the Government. This has helped to restore a relatively calm political and social climate. These efforts were welcomed by the entire international community that cares more and more to help the country towards sustainable development. The Government should, however, step up efforts to address the major challenges like (1) consolidation of peace and social stability; (2) improving governance; (3) strengthening institutional capacity ;(4) consolidating the macroeconomic framework; (5) the rehabilitation of socio economic infrastructure; and (6) protection and improvement of living conditions of the people. As with other development partners in the country, the African Development Bank (ADB / ADF) is involved in the Togolese economic development. If these efforts are consolidated and supported with a peaceful socio-political climate, the foundations for economic growth and a sustainable economic development in Togo can be laid.