Togo First Fiscal Management and Energy Reform DPF

Abstract*

The development objective of the First Fiscal Management and Energy Reform Development Policy Financing for Togo is structured around two pillars: (i) enhancing fiscal and debt management; and (ii) strengthening energy sector financial viability and use of renewable energy. These two pillars are critical elements of the government’s reform program and are priorities of the most recent systematic country diagnostic (SCD 2016). They also directly address... Show More

Development Objective

The Program Development Objective (PDO) of the proposed operation is structured around two pillars: (i) enhancing fiscal and debt management; and (ii) strengthening energy sector financial viability and use of renewable energy.

Key Details

Project Details

Project ID
P169867
Status
Closed
Team Leader
Ernest Sergenti , Thomas Blatt Laursen, Urbain Yogo
Borrower 2
Ministère de l’Economie et des Finances

Country
Togo
Disclosure Date
June 10, 2019
Approval Date
(as of board presentation)
December 16, 2019
Effective Date
December 18, 2019

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Economy and Finance
Region
Western and Central Africa
Fiscal Year 3
2020

Commitment Amount
US$ 150.00 million
Environmental Category
N/A
Last Update Date
May 1, 2024
Closing Date
December 31, 2020

Last Stage Reached
BANK APPROVED

Associated Projects
P172023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change25%
- FY17 - Mitigation25%
FY17 - Energy50%
- FY17 - Energy Policies & Reform50%

FY17 - Private Sector Development

FY17 - Jobs13%

FY17 - Public Sector Management

FY17 - Public Administration13%
- FY17 - Public Assets and Investment Management13%
FY17 - Public Finance Management38%
- FY17 - Debt Management13%
- FY17 - Domestic Revenue Administration25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Grant	87.50
IDA Credit	62.50

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	150.00
IBRD + IDA Commitment	150.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	N/A

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 23, 2020	IDA-65220	Int Charges	93,722.06
Dec 16, 2019	IDA-65220	Loan Commitment	62,500,000.00
Sep 18, 2023	IDA-65220	Int Charges	224,321.38
Sep 18, 2023	IDA-65220	Int Charges	224,321.38
Mar 16, 2021	IDA-65220	Int Charges	251,282.42
Mar 15, 2022	IDA-65220	Int Charges	231,349.39
Mar 15, 2022	IDA-65220	Int Charges	231,349.39
Sep 15, 2021	IDA-65220	Int Charges	248,821.03
Sep 15, 2021	IDA-65220	Int Charges	248,821.03
Mar 15, 2023	IDA-65220	Int Charges	223,554.98
Mar 15, 2023	IDA-65220	Int Charges	223,554.98
Sep 15, 2022	IDA-65220	Int Charges	209,954.25
Sep 15, 2022	IDA-65220	Int Charges	209,954.25
Mar 16, 2021	IDA-65220	Int Charges	251,282.42
Sep 25, 2020	IDA-65220	Int Charges	244,971.17
Sep 25, 2020	IDA-65220	Int Charges	244,971.17
Dec 30, 2019	IDA-65220	Loan Disb	62,787,120.00
Dec 30, 2019	IDA-D5420	Loan Disb	87,809,704.00
Mar 15, 2024	IDA-65220	Int Charges	229,010.50
Mar 15, 2024	IDA-65220	Int Charges	229,010.50
Mar 15, 2024	IDA-65220	Int Charges	108.91
Mar 15, 2024	IDA-65220	Int Charges	108.91
Dec 16, 2019	IDA-D5420	Loan Commitment	87,500,000.00
Mar 23, 2020	IDA-65220	Int Charges	93,722.06

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2020-12-22
Program Management	Satisfactory	2020-12-22
Monitoring and Evaluation	Satisfactory	2020-12-22
Overall Implementation Progress (IP)	Moderately Satisfactory	2020-12-22

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-01-2024
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 08-09-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Total tax revenues Value 12.40 13.80 13.40
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
VAT revenues Value 5.00 5.80 6.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
Property tax revenues Value 0.10 0.10 0.20
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
Public procurement contracts for which the time between publication and approval is less than 90 days Value 0.00 13.60 80.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
. CEET overall public sector (central and local governments, SOEs) collection rate Value 72.00 77.80 95.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
PPP contracts awarded, with data and information published on open data formats consistent with the new PPP law Value 0.00 0.00 90.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
Deviation of actual borrowing from annual borrowing plan Value 10.00 1.20 10.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
CEET cost recovery ratio, revenue collected / costs of service Value 80.00 86.00 95.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
Cost of power production mix Value 75.4 CFAF/kWh 78.2 CFAF/kWh 70.4 CFAF/kWh
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment
Solar photovoltaics capacity installed Value 0.00 57.00 50.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment

Total billed amount for groundwater and surface water extraction fees from commercial and industrial entities	Value	3.4 millions of CFAF	350 millions of CFAF	75 millions of CFAF
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

Connections with a 15 mm diameter (number) Value 91055.00 145703.00 143254.00
Date December 31, 2018 December 30, 2022 December 30, 2022
Comment

Total tax revenues	Value	12.40	13.80	13.40
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

VAT revenues	Value	5.00	5.80	6.00
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

Property tax revenues	Value	0.10	0.10	0.20
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

Public procurement contracts for which the time between publication and approval is less than 90 days	Value	0.00	13.60	80.00
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

. CEET overall public sector (central and local governments, SOEs) collection rate	Value	72.00	77.80	95.00
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

Deviation of actual borrowing from annual borrowing plan	Value	10.00	1.20	10.00
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

Cost of power production mix	Value	75.4 CFAF/kWh	78.2 CFAF/kWh	70.4 CFAF/kWh
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

Solar photovoltaics capacity installed	Value	0.00	57.00	50.00
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment

Connections with a 15 mm diameter (number)	Value	91055.00	145703.00	143254.00
	Date	December 31, 2018	December 30, 2022	December 30, 2022
	Comment