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Togo to receive 715 mln euros from EU, France and Germany

Xinhua, June 23, 2016 Adjust font size:

The European Union (EU), France and Germany on Wednesday inked a deal for joint financing of 715 million euros (810 million U.S. dollars) to support development in Togo over the period 2014-2020.

EU, French and German ambassadors to Togo signed the deal with Adji Oteth Ayassor, Togolese minister of economy, finance and development planning.

The financial support as a grant is in line with Togo's national policy for development.

On Wednesday, the EU also agreed to support capacity building of Togolese municipalities. Endi