Public finances: Togo reports 87.12% implementation of WAEMU directives

Togo reported an 87.12% rate of transposition and implementation of WAEMU directives at the 2026 review of the Public Finance Observatory, held in Lomé on October 26. The result is 9.14 percentage points above the Union average of 77.98%. Experts from the eight member states and regional institutions are reviewing terms of reference for revising the 2009 directives in light of developments in public management and international standards. The discussions identified remaining gaps in budget unity, accounting consistency and depreciation rules; Togo has used programme-based budgeting since 2021.