多哥农业和基础设施公共财政审查（PFR）：利用公共投资改造农村经济（英）

Togo’s Agriculture and Infrastructure Public Finance Review (PFR): Leveraging Public Investment to Transform the Rural Economy

Overview

Togo's economic growth over the past decade has been robust, but poverty levels remain high, especially in rural areas. Agricultural growth has been primarily driven by land expansion rather than productivity improvements. Infrastructure access, particularly in terms of electricity, is relatively low, especially in rural areas.

Public Investment Management and Structural Transformation

1. Introduction

   • Public investment management and structural transformation are critical for economic growth.

2. Assessing the Allocative Efficiency of Public Investment

   • Public investments have faced fluctuating commitments and execution rates.
   • Ongoing fiscal consolidation efforts are impacting public investment plans.
   • Public spending in agriculture has recently declined, and sources of financing are largely external.
   • Capital spending execution rates are significantly lower compared to other types of spending.

3. Mobilizing the Private Sector

   • Cap public debt to attract private investment.
   • Increase the share of concessional financing.
   • Reform taxation and improve anti-corruption measures.
   • Most promising avenues include these reforms to boost private investment.

4. Key Policy Options

   • Enhance regulatory frameworks.
   • Improve infrastructure quality.
   • Strengthen public-private partnerships.

Leveraging Public Investment to Modernize the Agriculture Sector

1. Introduction

   • Public investment in agriculture is above the regional average but well below the size of the sector in the economy.

2. Level and Efficiency of Public Investment in Agriculture

   • Public spending in agriculture has declined recently.
   • External sources fund most of the agricultural investments.
   • Domestically financed investment is low and declining.

3. Progress Towards Government’s Objectives

   • Agricultural research and extension services are underfunded.
   • These services are crucial for boosting productivity.

4. Key Policy Options

   • Increase domestic financing for agriculture.
   • Improve public investment management.
   • Strengthen public-private partnerships.

Broadening Access to Affordable and Clean Energy

1. Introduction

   • Focus on improving access to affordable and clean energy.

2. Level and Quality of Public Investment and Financial Viability of the Power Sector

   • Current investment levels and quality of public investment in the power sector.
   • Financial viability of the power sector.

3. Key Policy Options

   • Enhance regulatory frameworks.
   • Improve financial viability.
   • Increase private sector participation.

Strengthening Rural Road Connectivity

1. Introduction

   • Focus on improving rural road connectivity.

2. Level and Quality of Public Investment in the Road Sector

   • Current investment levels and quality of public investment in the road sector.
   • Capacity to support road maintenance and rehabilitation.

3. Capacity to Support Road Maintenance and Rehabilitation

   • Current capacity and challenges.

4. Key Policy Options

   • Enhance regulatory frameworks.
   • Improve maintenance and rehabilitation processes.
   • Increase private sector participation.

Reform Prioritization

• Prioritize reforms based on their potential impact and feasibility.

References

• Detailed references for further reading.