Togo’s public contracts and banking sector: fostering shared risk for economic stability
Local entrepreneurs engaged in public works in Togo frequently voice a critical concern: "Banks are no longer supporting us." This sentiment highlights a significant hurdle for the nation's private sector. Small and medium-sized enterprises (SMEs) and other companies fulfilling government contracts report increasingly stringent criteria for obtaining bank credits and pre-financing. This tightening of financial access is notably impeding the progress of numerous infrastructure projects and public tenders across the country.The spiral of unpaid debtsThe core reason behind this reluctance from financial institutions stems from a systemic issue: the mounting backlog of unpaid invoices following the completion of public contracts. To undertake projects commissioned by state administrations, bus...











