Description
Togo is recovering from fifteen years of political and economic isolation that began in the early 1990s due to political instability. Togo’s long cycle of economic decline ended in 2007, after the European Union re-established relations with Togo following largely free and fair legislative elections that year. As the political situation has stabilized, international donors and investors such as the World Bank and African Development Bank have returned, and legislative elections in 2013 and presidential elections in 2010 and most recently in 2015 have been recognized by the international community as acceptably free and fair, despite some shortfalls. Foreign investment has continued to increase, signaling rising investor confidence in Togo’s political stability and creditworthiness, and reflecting increasing Chinese engagement in Africa.
