©AfreePress- (Lomé, November 8, 2020) -The Commission of the West African Economic and Monetary Union (WAEMU), on Monday, November 9, 2020, began the 6th annual review of reforms, policies, programs and community projects in Togo. As part of the strategy to deepen the regional integration process, this annual review aims at taking stock of the level of application of community reforms in Togo, but also to identify and anticipate the factors that may constitute bottlenecks of the reforms initiated by WAEMU in the country.
The work, will allow the WAEMU commission to ensure the effectiveness of the harmonization of national legislation with respect of the community texts, the coordination of national sectoral policies and the proper execution of community policies, programs and projects.
« This exercise naturally creates emulation at the level of all member states, because it is a question of identifying and determining the integration profile of each state. Regarding Togo in particular, I can recall that in 2017, we had a reform implementation rate which is around 62%. We rose to 64% in 2018. During the last review of 2019, Togo recorded a significant jump to 71% in the implementation of reforms, ”recalled Assoukou Raymond Krikpeu, Resident Representative of the WAEMU in Togo.
Regarding the implementation of projects, the sub-regional institution noted on behalf of Togo, an execution rate of community projects of 66%.
« All these elements naturally place Togo among the member states of WAEMU which are making significant progress, » Krikpeu continued.
It should be noted that the annual review is intended to be an institutional monitoring mechanism, which significantly improves the competitiveness and attractiveness of WAEMU, its potential for economic growth necessary for job creation and reduction of poverty. At the national level, the Togolese government is committed to continuing its efforts to meet the remaining challenges.
« The reforms that we are carrying out make it possible to maintain the macroeconomic framework stable and to motivate our technical and financial partners to continue to support our country through development programs and projects », indicated at the opening of the meeting, Kossi Tofio, Cabinet Director of the Minister of Economy and Finance.
Written by Raphaël A. and translated by Cephas AGBOSSOUMONDE : +228 90 39 58 85.