Togo's First Invest-4-Jobs Development Policy Financing (DPF) Operation (WB-P510580)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Togo
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 12, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Togo - Ministry of Finance and Budget
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 10, 2026

Disclosed by Bank Jul 21, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the objective of this project is to scale up private sector investment and job creation in Togo through reforms (i) unlocking high-impact sectors for local employment and (ii) strengthening the business environment and workforce skills to incentivize productive investment.

This Development Policy Financing (DPF) operation is the first in a programmatic series of three with the Program Development Objective (PDO) of scaling up private sector investment and job creation in Togo through reforms (i) unlocking high-impact sectors for local employment and (ii) strengthening the business environment and workforce skills to incentivize productive investment. More specifically, this operation supports agribusiness value chains through reforms that strengthen land tenure security and access to finance for smallholder farmers; reduce infrastructure bottlenecks through energy, digital, and logistics reforms; stimulate business investment through FDI, tax, and public procurement reforms; and enhance workforce skills through technical and vocational education reforms. Transformative policy changes in the first operation of the series include the creation of single land management agency (Agence Nationale du Domaine et du Foncier - ANDF) to coordinate land policies and accelerate the issuance of land records, including the simplified Livret Foncier, strengthening governance of the national utility company (Compagnie Energie Electrique du Togo - CEET) to open space for private investment for more reliable and sustainable electricity access; capping wholesale broadband prices for key operators to boost competition and stimulate access to digital services; strengthening legal protection for FDI to incentivize capital inflows, and technical and vocational education and training (TVET) reforms to better align available skills with labor market needs.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Not Applicable

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project Cost: US$ 150.00 million
IDA Credit: US$ 150.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank
Marc Stocker - Senior Economist
Ibrahim El ghandour - Public Sector Specialist

Borrower/Client/Recipient
Ministry of Economy and Finance
Stephane Akaya
Secretary General
stephane.akaya@gmail.com

Implementing Agencies
Republic of Togo
Essowè Georges BARCOLA
Minister of Finance
secretariat.ministre@economie.gouv.tg

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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