Economical context
The return of international donors, starting in 2007, has enabled the revival of GDP growth, with an average of 5.2% between 2010 and 2016. Driven by agricultural production, transport services linked to in international trade and the positive impact of infrastructure improvement on private economic activity, IMF staff forecasts 4.7% growth in 2018.
While the country no longer had an agreement with the International Monetary Fund since November 2011, the IMF and Togo concluded on 18 January 2017 an agreement for the establishment of an Extended Credit Facility, approved on May 5, 2017. It represents a USD 238 million loan spread over 3 years and repayable over 10 years, equivalent to 120% of Togo's quota in the IMF.
The main export products are cement, phosphates and cotton. Togo asserts itself mainly as a transit economy, based in particular on the autonomous port of Lome, the only deep-water port in the Gulf of Guinea, the new terminal, the banking "hub" and rail interconnection projects with Ghana. and Benin. The National Development Plan (PND), recently adopted by the government, intends to make Lomé a logistics hub and services, and Togo a pole of development in the agricultural field.
51% of the population lives in a situation of multidimensional poverty within the meaning of the United Nations Development Program and Togo ranks 166th in the ranking by the human development index. Togo ranks 156th in the World Bank's business climate rankings in 2018 out of 190 countries.
source: https://www.diplomatie.gouv.fr/fr/dossiers-pays/togo/presentation-du-togo/