AfDB grants Togo €2.9m to finance governmental reform

The African Development Bank (AfDB) Group has provided two grant agreements totaling €2.9 million to Togo to fund governmental reforms and the country’s 2012 action plan.

“The funds will support five strategic areas of action. They include the development of strategies for poverty reduction, community self-development and self-employment, particularly among the most vulnerable. The third is a strategic and organisational audit of six ministries with a view to their reorganisation and reconstruction,” the AfDB said in a statement February 16, 2012.

The fourth area of action, the Bank indicated concerns capacity building in the ministry for the advancement of women through training and for the purchase of software and equipment.

Technical assistance to help boost the diaspora’s contribution to Togo’s reconstruction and development will be another focus of the money, the AfDB noted.

The loans come under the AfDB’s Fragile States Facility and were signed Togo’s Finance and Economy Minister, Adji Othèth Ayassor, and the AfDB’s resident representative Serge N’Guessan.

By Ekow Quandzie