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SPOTLIGHT


TOGO: &


The OPEC Fund Quarterly: Please outline the main priorities of Togo’s National Development Plan. Sévon-Tépé Kodjo Adedze: The National Development Plan covering the period 2018-2022 aims for a growth rate of 7.6 percent in 2022, thanks to flagship projects with high potential for ‘massive’ job creation and the predominant involvement of the private sector. It is based on a paradigm shift and is focused on three axes. The first axis concerns the implementation of a logistics ‘hub of excellence’ and business center that aims to achieve excellent performance on a regional scale. This axis is divided into projects such as the duplication of National Highway No. 1, a multi-service logistics platform, and / or the construction of a conference center. The second axis concerns the development of agricultural manufacturing and extractive industries processing centers. The main projects under this axis are the construction and management of industrial parks, and projects in the agricultural sector (the Kara agropole project, the development of the cassava [a root vegetable],the development of


40


“The private sector is the


TODAY, TOMORROW INTO THE FUTURE


The OPEC Fund has supported development in the Republic of Togo since 1979. During the partnership, the organization has approved more than US$110 million for operations across various industry sectors. Sévon-Tépé Kodjo Adedze, Togo’s Minister of Trade, Industry, Private Sector Development and Promotion of Local Consumption (right) outlines the West African nation’s development priorities and progress to date...


Djagblé plain and more). The third axis is devoted to social development and the establishment of inclusion mechanisms to improve the level of human development, in particular through better access to basic social services.


In this context, an electrification strategy


called Togo Green aims to establish three solar power plants and three hydroelectric power plants for a total energy production of 200 MW. Still on this axis, the construction of an Agro- Development Training Institute will make it possible to improve the employability of young people.


OFQ: How important to progress are relationships with development actors such as the OPEC Fund? STKA: The OPEC Fund is an internationally recognized institution and is a strategic partner in our development plan. Togo is partnering with several financial institutions such as the World Bank, the United Nations Development Programme, the International Fund for Agricultural Development, the African


Development Bank etc. An important detail to note is that Togo is itself a financial hub that hosts the headquarters of international banks such as BOAD (the West African Development Bank), EBID (ECOWAS Bank for Investment and Development), Ecobank (Ecobank Transnational Inc), Orabank and more.


OFQ: What is the role of the private sector in development in Togo? STKA: The private sector is the driving force of any economy: it is the sector that employs the most people and contributes to the growth of developing countries in particular. Thus, through several reforms, the government wishes to promote a dynamic private sector, to enable it to perform effectively and fulfil its role as the main contributor to national growth and employment. This is why the government has given a high priority to the private sector in the implementation of the NDP, to which it should contribute 65 percent of the financing. Among other reforms, we can talk about the tremendous leap that our country has made in improving the business climate, which makes


driving force of any economy: it employs the most people and contributes to the growth of developing countries.”


Sévon-Tépé Kodjo Adedze


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