Africa Financial Sector Responses to COVID-19 - Togo
This page presents measures and initiatives by the Togolese government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.
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|
Instrument |
Institution |
Financing volume |
Description |
| Financial support measure for the private sector | Government | USD 36 million | (25 august 2020) The government is establishing a 20 billion FCFA (36 million FCFA financing facility in support of MSMEs impacted by the Covid-19 crisis. |
|
Treasury Bills |
Government |
USD 126.8 million |
(August 17, 2020) Issuance of treasury bills (COVID-19 Social Bonds) on the financial market of the West African Monetary Union (WAMU) for an amount of 70 billion CFA (USD 127 million). |
|
Measures to support the private sector |
Government |
N/A |
(July 30,2020) The Togolese Government has launched a digital credit programme at 0% interest rate for farmers. This platform is the result of collaboration among various ministerial departments - the Ministry of Agriculture, the Ministry of Digital Economy and the Ministry of Finance. |
|
Treasury Bills |
Government |
USD 187 million |
(May 14, 2020) Issuance of treasury bills, known as "COVID-19 Social Bonds" to investors on the financial market of the West African Monetary Union (WAMU) for a subscribed amount of 108 billion CFA francs (USD 187 million). |
|
Financial measures |
Government |
USD 678 million |
(April 02, 2020) A national solidarity and economic recovery fund of 400 billion CFA francs (USD 678 million) has been set up. |