Togo has distributed CFA8.5 billion since 2014

The government of Togo has distributed over CFA8.5 billion to poor people between 2014-2020. This was disclosed during a virtual meeting between Togolese Prime Minister Victoire Tomegah-Dogbe and the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), Queen Maxima Zorreguieta Cerruti of the Netherlands. The money was distributed in a cash transfer scheme,managed by the National Agency for Support to Grassroots Development (ANADEB). Togo First reports that financial inclusion in Togo stands at 25.1% for banks and 78.5% for decentralized financial systems.