Africa Financial Sector Responses to COVID-19 - Togo

Jul 28, 2020

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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Financing volume


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


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



(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


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


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.