Publication: Togo’s Agriculture and Infrastructure Public Finance Review (PFR): Leveraging Public Investment to Transform the Rural Economy
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2024-09-23
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2024-09-23
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This Public Finance Review (PFR) investigates how improved public investment management could contribute to accelerating rural development and structural transformation. Modernizing agriculture and improving rural connectivity are critical to reduce poverty in Togo as 50 percent of those living under the national poverty line depend on agriculture as their primary source of income. However, low-yielding and rainfed production practices trap most farmers in self-subsistence agriculture, while inadequate rural connectivity infrastructure hinders productivity, market access, and opportunities to attract private investment and improve rural households' welfare. This PFR emphasizes a holistic approach to tackling agriculture productivity and rural poverty in Togo by focusing on both agricultural advancements and infrastructure development. First, it assesses the quality of public investment management in Togo, examining the quality of existing systems for selecting, planning, and executing public projects, and identifying key priorities to improve allocative efficiency, strengthen climate resilience and crowd in private investment to maximize impacts. Second, it investigates the effectiveness of public investment in the agriculture sector and how selected reforms could help boost productivity, limit exposure to climate shocks, and bolster food security. Finally, the PFR proposes an in-depth analysis of public investment in the energy and transport sectors, specifically focusing on strategies to improve rural electrification and rural road connectivity.
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“World Bank. 2024. Togo’s Agriculture and Infrastructure Public Finance Review (PFR): Leveraging Public Investment to Transform the Rural Economy. © World Bank. http://hdl.handle.net/10986/42183 License: CC BY-NC 3.0 IGO.”
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