Togo has officially unveiled its new Public Investment Program (PIP) for the years 2026-2028. Announced on January 30, 2025, in Lomé, this initiative seeks to optimize public investments and ensure that projects are in line with the government’s roadmap for 2020-2025 and sustainable development objectives.
The program was presented in the presence of Presidential Advisors, Cabinet Directors, General Secretaries of ministries, and representatives from both the public and financial sectors. During the event, Edjéou Essohanam, the Director of Cabinet at the Ministry of Planning, Development, and Cooperation, underscored significant reforms intended to enhance the management of public investments.
These reforms will introduce rigorous criteria for project selection and prioritization to guarantee they are relevant and stay within budget constraints. The Togolese government aims to improve the effectiveness of public spending amidst ongoing economic challenges on the continent and globally.
Stringent Oversight
The PIP for 2026-2028 will employ a comprehensive approach for data gathering, assessment, and verification. By February 10, 2025, ministries and public institutions are required to submit feasibility studies, detailed project outlines, and funding agreements.
Togo has pledged to the International Monetary Fund (IMF) to maintain its budget deficit at 3% of GDP. Consequently, the government will concentrate on initiatives that will significantly benefit its citizens.
According to the 2025 Finance Act, Togo intends to allocate approximately CFA540 billion for investment projects.
