recruitment of a national consultant for the study of the ecosystem of TPPME financing... Tender

Procurement Summary

Country : Togo

Summary : recruitment of a national consultant for the study of the ecosystem of TPPME financing in Togo

Deadline : 15 Oct 2018

Other Information

Notice Type : Tender

TOT Ref.No.: 27455812

Document Ref. No. : 50472

Competition : ICB

Financier : United Nations Secretariat

Purchaser Ownership : -

Tender Value : Refer Document

Purchaser's Detail

Purchaser : UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP)
40 United Nations Avenue Postal box: 911 Lomé Tel: +228 22 212008/2022 | Fax: +228 22 211916
Togo
URL :http://www.tg.undp.org/

Tender Details

Recruitment of a national consultant for Study of the ecosystem of the financing of the TPPME in TogoLom is the third financial center of the UEMOA (13 banks established whose headquarters of two pan-African banks: EcoBank and Orabank) .However, the financing of the Togolese economy, although at a favorable level compared to other WAEMU countries, remains far fromthecontribution this system makes to emerging economies. The problem is not only in terms of access to financing but also to the exorbitant cost of credit. Available statistics indicate that exit rates are between 9% and 13% for bank loans and sometimes close to 18% or even 20% for microfinance. InWith a low inflation rate, the real rates seem very high and constitute areal obstacle to entrepreneurship in general and in particular to the development of the agricultural, industrial and craft sectors. Statistics on the distribution of credit also indicate that sectors such as agriculture receive little funding.Less than 1% of bank loans go to the agricultural sector which occupies 60% of the active population and whose relative sharein the GDP oscillates around 40%. The Government in recent years has made efforts in the field of finance inclusive. APSEF, AGRISEF and AJSEF products have reached more than 700, 000 people without income or low incomeus. Entrepreneurship promotion programs, like the FIAEJ, have provided funding to small and medium-sized enterprises. However, many economic operators are unable to provide the guarantees required by banks to access credit and usury rates applied by the financing institutions.bottlenecks at the outbreak of a strong private sector, the UNDP proposes to carry out a study on the ecosystem of financing in Togo.This study aims to analyze: Financing and support systems access to existing financing for formal and informal businesses;the obstacles and levers of existing systems and make recommendations in terms of priority actions and areas of strategic interventions, incl...

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