See also:
» 14.09.2009 - New pan-African rice centre adopted
» 23.12.2008 - Togo gets finance for its 100 MW electricity project
» 07.10.2008 - Lome based African Commercial Bank gets boost from ECP
» 19.05.2008 - Togo optimistic on economic recovery
» 03.12.2007 - EU lifts Togo ban
» 14.11.2007 - Togo benefits EU grants
» 22.12.2006 - Togo receives first EU funds in years
» 22.06.2005 - Cameroon, Togo, Gambia "bought by whaling nations"











China wholesale online through DHgate.com


Houlihan's coupons


Finn autentiske matoppskrifter fra hele verden pĺ Verdensmat.no:
Gazpacho Břrek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bśuf bourguignon Korianderchutney Brenneslesuppe Proia Sćbsi kavurma Sardinske calamares


Autentiske matoppskrifter fra hele verden finner du pĺ Verdensmat.no:
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Řsterrike Romania Frankrike


Togo
Economy - Development | Politics

Togo gets first direct EU grant

afrol News, 3 November - In a step sealing the total normalisation between Togolese-European Union (EU) ties, the Lomé government was given a euro 15 million grant defined as a direct budget support. This comes as Togo is preparing for general elections early next year.

It has been a long road with many setbacks to normalise EU-Togolese relations after Europeans froze all economic aid to the country due to gross human rights violations and lack of any democratic institutions. As Togo now prepares what could become the country's first-ever totally free elections, the EU is encouraging the government by a strong sign of trust.

Patrick Spirlet, the new head of the EU Mission in Lomé on Monday signed a grant agreement with Togolese Minister of Cooperation Gilbert Bawara. The EU grant was amounting to euro 15 million.

While the EU earlier has given loans and grants to Togo after the normalisation process started, this is the first time direct budget support is given. A budget support grant goes directly into the Togolese national budget and government will have to do little to document how the funds are spent.

It therefore indicates that Europeans now are placing enough trust on Togolese authorities and national spending to feel ensured that the grant will be directed towards the wellbeing of the population at large. Donors have become increasingly sceptical on handing out direct budget support, only using this kind of aid when good governance is assured.

Mr Spirlet also emphasised on the renewed trust between the two parties during the signing ceremony. "It is a recognition of the EU efforts that the Togolese government has undertaken to ensure economic reforms. It is also a sign of healthy cooperation between the EU and Togo," Mr Spirlet added.

Togolese government sources say this budgetary support would enable authorities to strengthen its investment in priority sectors identified in the country's poverty reduction programme.

The grant and its symbolic importance was appreciated by the Togolese leadership. "This grant is historic because for over 10 years, it is the first time government is given a significant amount of direct budgetary support from a partner," stated Cooperation Minister Bawara.

Togo is preparing for presidential polls in early 2010, which are expected to finalise the democratic transition of the former totalitarian dictatorship. Long-time opposition leader Gilchrist Olympio is challenging President Faure Gnassingbé in a poll where the opposition is believed to have a real chance to achieve power.


- Create an e-mail alert for Togo news
- Create an e-mail alert for Economy - Development news
- Create an e-mail alert for Politics news


 
    Printable version


On the Afrol News front page now

Rwanda
Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Guinea
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.



front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at mail@afrol.com