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HomeAfricaFrance writes off Togo's 66.3 billion CFAF debts

France writes off Togo’s 66.3 billion CFAF debts

France has written off the 101.1 million euros (about 66.3 billion CFAF) commercial debts owed by Togo, official sources told PANA here Thursday.

This was revealed at the the signing of an agreement on the debts in Lomé, the Togolese capital.

The agreement was signed Wednesday by the Togolese Minister of Economy and Finance, Adji Otheth Ayassor, and the French Ambassador to Togo, Dominique Renaux.

The debt write-off by France, according to Ayassor, is an “encouragement to the Togolese government to continue the reforms begun since 2006 to put the economic situation of the country right.”

France, in addition to the World Bank, the European Union and Germany, is one of the best partners of Togo in terms of development

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