The sustainable financing framework launched in Togo received validation from S&P Global Ratings, one of the most influential financial rating agencies in the world, which confirmed, through a Second Party Opinion (SPO), attesting that the system respects international best practices in sustainable finance.
The Togolese government has officially unveiled its Sustainable Financing Framework, a mechanism intended to channel investments towards environmentally friendly and socially responsible projects.
In a press release dated October 9 received by APA, the Ministry of Economy and Finance indicated that this framework will serve as a reference for the financing of projects linked to the Sustainable Development Goals (SDGs), in particular those aimed at mitigating the effects of climate change and to support vulnerable populations.
This innovative framework defines fourteen categories of eligible expenditure: five focused on climate and environmental projects, and nine on priority social initiatives. It establishes strict criteria to ensure that funds will be used transparently and allocated to projects with high positive impact.
The ministry also clarified that the framework has been validated by S&P Global Ratings, one of the most influential financial rating agencies in the world. This agency provides credit analyzes and scores to assess the creditworthiness of borrowers. The validation, in the form of a Second Party Opinion (SPO), confirms that the framework respects international best practices in sustainable finance.
In addition, Togo’s Sustainable Financing Framework complies with the standards of the International Capital Market Association (ICMA), an international organization that promotes transparency and efficiency in global capital markets, notably through its green financing principles. and sustainable, widely adopted by investors and securities issuers.
Georges Essowè Barcola, Minister of Economy and Finance, affirmed that this framework represents a crucial step in attracting investments that not only support Togo’s inclusive economic growth, but which also respect the environment and improve quality of life. citizens.
The ministry’s press release also invites actors from the private sector, civil society and international partners to engage in this common approach to build a sustainable future for the country.
AC/SF/APA
