Togolese Govt Releases CFA6.25 billion for the Development of Municipalities
- By solomon2day
- On 14/10/2021
- In News
117 Municipalities are to benefit from of CFA6.25 billion Local Authority Support Fund(FACT) in Togo.
This disclosure was made recently in a statement by the Ministry of Decentralization and Economy.
The monies will support all 117 municipalities of the country and will be distributed based on their population size, area, and poverty level.
Of the amount, CFA2.5 billion shall be allocated to the National Grassroots Development Agency (ANADEB) for the development of several projects in municipalities. The FACT, it should be recalled, is a mechanism for financing local municipalities. Created in October 2019, its goal is to pool funds and use them to develop Togolese municipalities.
FACT is a mechanism that came into being in October 2019 for financing local municipalities.
Its goal is to pool funds and use them to develop Togolese municipalities.
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