in Short

Togo A new bond loan of 20 billion FCFA

For the financing of its 2019 budget, the Togolese Treasury has launched a public offering of natural and legal persons through a bond loan. Investors have until May 17 to subscribe. Objective: mobilize 20 billion FCFA. Over-indebted to more than 80% of its GDP three years ago, Togo has succeeded in cleaning up its finances, raising its debt ratio to below 70%. The budget deficit is expected to fall to 1.6% this year as planned spending increases.

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