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285$ billion International Monetary Fund (IMF) aid to Togo (2016-12-07)

285$ billion International Monetary Fund (IMF) aid to Togo

IMF approved 285$ aid to Togo country by the majority votes, while Togo is under pressure from two directions for its foreign debts.

First, inflation has dramatically increased in this country; on the other hand, its economic growth arrived to its minimum level in several past years. The head of the IMF in a press conference expressed hope on the economic future of Togo by this monetary aid.

He emphasized in his statements that Togo can reach to the desirable economic growth in future by leaning on its national gross production.

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