AGP Executive Report
Last update: 6 hours agoWorld Bank Income Update: The Philippines has reached upper-middle-income status, joining Vietnam, Sri Lanka, Jordan and Micronesia after GNI per capita rose above the World Bank’s $4,636 threshold—an upgrade that may boost investor confidence even as inequality and underemployment remain concerns. Togo Green Budgeting: Togo is moving into an “accountability phase” for green budgeting, with a workshop through July 10 to prepare implementation reports for the 2024 and 2025 green budgets and check whether spending delivered on climate goals. Banking Growth: Coris Bank Togo grew in 2025, lifting total assets to CFA 615.5bn and expanding customers to 90,983, with digital wallet users rising to 259,569. IMF Support: The IMF approved a $109.5m disbursement under Togo’s ECF after reviews found progress “broadly satisfactory,” while urging faster reforms and stronger governance. Regional Finance for Togo: The World Bank approved $323m in regional financing including Togo, targeting electricity access, jobs and resilience in northern regions. Maritime & Environment: Togo received final approval to join key marine pollution conventions, and Boskalis completed a major coastal protection job in Lomé, moving 1.25m cubic meters of sand and building new groynes.
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