Togo's Second Sustainable and Inclusive Development Policy Financing

This Second Sustainable and Inclusive Development Policy Financing is the second in a series of two operations to support the foundation for Green, Resilient and Inclusive Development (GRID) in Togo. The Program Development Objectives (PDO) are to (i) promote sustainable agriculture, rural electrification, and climate action; (ii) boost human capital and the resilience of vulnerable populations; and (iii) rebuild fiscal space for priority interventions. The operation will help address Togo’s key development challenges in ending extreme poverty and promoting shared prosperity on a livable planet identified in recent World Bank diagnostics1 by boosting economic opportunities in rural areas in an equitable and climate-conscious way, strengthening the resilience of vulnerable populations, improving learning outcomes in underserved areas, empowering women and supporting macroeconomic stability. It will also help leverage the private sector to meet development needs, focusing on attracting new investments in the agriculture and energy sector. The proposed operation includes an International Development Association (IDA) credit of EUR 178.8 million (US200 million dollars equivalent) provided on standard 50-year IDA credit terms.