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UMOA-Securities: Togo reduces its debt on the regional market

28/01/2026
Source : ORISHAS FINANCE
Categories: Index/Markets

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Togo started a movement of deleveraging on the regional financial market of the Economic Union and West African currency (UEMOA). The country stands out in a region where the most countries continued to borrow more.

UMOA-Securities data shows that the outstanding amount of Togo's debt to regional investors fell by 5.6% in one year, to reach 1,810.5 billion CFA francs. Togo is thus one of the few member countries of UEMOA to show a decrease in their outstanding amount of market debt. Togo raised 411 billion CFA francs on the market regional in 2025, down compared to 2024 and well below levels observed in previous years. This decrease reflects a change in financing strategy rather than withdrawing from the market.

Togo's approach in contrast to a sharp increase in borrowing across UEMOA in 2025. Governments raised nearly 11.86 trillion CFA francs, or an increase of 45.9% compared to the previous year. The shows of bonds rose by 89.5% as states sought to extend maturities and to manage repayment risks

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