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African Development Bank A portfolio of 265 billion CFA francs in favour of Togo

04/02/2021
Source : ORISHAS FINANCE
Categories: General Information

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The African Development Bank (AfDB) unveils its Portfolio for the development of Faure Gnassigbé's country. Current commitments are estimated at about CFAF 265 billion. The Resident Representative of the AfDB in Togo George Bohoussou who is at the end of his mission, after 3 years of service in the country announced that the current commitments of the financial institution in Togo amount to about 265 billion FCFA.
"The current Portfolio today, in terms of commitment, between the AfDB and Togo, is about 265 billion FCFA (...) and we expect to continue on this same momentum because there are projects whose second phases are in preparation. And it should increase the AfDB's commitment to Togo," said the outgoing AfDB Representative in Togo. This package is granted as part of the projects financed by the bank.

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