The West African Development Bank (BOAD) is seeking to refine its strategic approach in Togo for the coming years. A BOAD delegation recently met with representatives from Togo’s private sector, convened by the Togo Chamber of Commerce and Industry (CCI-Togo), to discuss the Country Assistance Strategy (CAS). The CAS is a key document that will guide the Bank’s investments and activities in Togo over the next five years.
The goal for Togo is to create a strategic framework that addresses both the structural challenges facing the national economy and its potential growth opportunities. The aim is to develop a plan that promotes more inclusive, resilient, and sustainable growth, aligning with the development priorities set by the Togolese government.
Recognizing the vital role of businesses in wealth creation, job creation, and innovation, BOAD aims to better integrate their needs and challenges into its future activities. Discussions focused on the obstacles faced by local businesses, potential solutions, and promising areas for investment.
Particular emphasis was placed on supporting small and medium-sized enterprises (SMEs), which often struggle to access financing. Improving the business environment and simplifying administrative procedures were also identified as crucial for a stronger partnership between the public and private sectors, as well as development institutions.
Through this dialogue, BOAD also aims to strengthen the alignment between its activities and the public policies implemented in Togo.
