世界银行-多哥经济更新，2025年8月：在不确定时期促进增长和恢复财政空间（英）

Public Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure AuthorizedPublic Disclosure Authorized i Togo’s Economic Update BOOSTING GROWTH AND RESTORING FISCAL SPACE IN UNCERTAIN TIMES August 2025 Economic Policy Global Department ii ©2025 The World Bank 1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved. This work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for non-commercial purposes as long as full attribution to this work is given. Attribution—Please cite the work as follows: “World Bank. 2025. Togo Economic Update: Boosting growth and restoring fiscal space in uncertain times. Washington, DC: World Bank.” All queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: pubrights@worldbank.org. iii CONTENTS EXECUTIVE SUMMARY .................................................................................................................. vi SUMMARY OF KEY POLICY OPTIONS ............................................................................................. viii ACRONYMS AND ABBREVIATIONS .................................................................................................... x ACKNOWLEDGMENTS ................................................................................................................... xi CHAPTER I - TOWARDS SUSTAINABLE AND INCLUSIVE GROWTH IN TOGO: THE ROLE OF PRIVATE INVESTMENTS ............................................................................................................................... 2 1. RECENT ECONOMIC DEVELOPMENTS ........................................................................................ 2 2. ECONOMIC PROSPECTS AND RISKS ........................................................................................... 8 CHAPTER II - ENHANCING REVENUE MOBILIZATION AND PUBLIC INVESTMENT MANAGEMENT TO RESTORE FISCAL SPACE ................................................................................................................. 16 1. INTRODUCTION .......................................................................................