Togo/ ICIEC Member: The country expands opportunities to receive investors to finance the national economy
In Togo, the government of Faure Gnassingbé has just taken a strong step consolidating its policy of diversifying the sources of financing of the national economy.
The National Assembly authorized the country’s membership in the Islamic Investment and Export Credit Insurance Corporation (ICIEC). This company, which is a member of the Islamic Development Bank (IDB) group, is a key player in the coverage of the capital of the Member States of the Organization of Islamic Cooperation (OIC).
By adopting this bill, the Togolese State confirms its commitment to improving the business environment, which should attract more investors to the country and further promote the private sector through financial assistance to economic operators and entrepreneurs in order to accelerate the country’s economic growth.
In concrete terms, by becoming a member of this company, Togo expands the possibilities for receiving investors. It is a response to economic needs, in line with the ambitions of the Head of State Faure Gnassingbé, and posted in the government roadmap Togo 2025. It is, in fact, an opportunity to facilitate the financing of strategic and structuring projects for the national economy.
Also, through this, the government ensures the financing of export goods produced by Togolese companies established in the national territory.
