- You are here:
- Home
- › Travel & living abroad
- › Travel advice by country
- › Country profiles
- › Sub Saharan Africa
- › Togo
Sub Saharan Africa
Togo |
|
|
|
Country information
TRADE AND INVESTMENT
Trade and Investment with the UK
UK exports to Togo in 2006 were £140m, up from £97m the previous year, consisting mainly of used machinery and vehicles. UK imports from Togo were £0.49m, up from £0.44m the previous year.
Development and Development Aid
Togo is extremely poor. It is ranked 143 of 177 countries in the 2004 UNDP Human Development Index. Life expectancy at birth is under 50 years, and other social development indicators remain low. Agriculture, which supports the vast majority of the population (and makes up 43% of the GDP) has suffered in recent years due to adverse climatic conditions.
European Union (EU) aid was suspended from the early 1990s due to concerns over democracy. Finance from the IMF has been minimal, due to concerns over financial management, although the World Bank and the Africa Development Bank are engaged in some project spending. France has provided some bilateral aid. Negotiations for re-starting EU aid began again in early 2004, leading to 22 specific commitments made to the EU in April 2004. The main commitment was the holding of credible parliamentary and local elections. Following the elections of October 2007, the EU announced on 19 November that normal relations had been resumed. Aid flows, which had already picked up, can now be expected to increase further.
World Bank
European Union (EU)
