02108cas a2200241 a 4500 AALejournalIMF019479 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498323987 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Togo : Selected Issues. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (49 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper investigates state-owned financial institutions' (SOFIs) performance in developing economies. It focuses on Sub-Saharan Africa, zooming in on the Togolese experience with SOFIs and privatization, at a time when the Togolese government has decided to further disengage from the financial sector. Typically set up with a public interest and financial inclusion mandate, SOFIs tend to weaken financial stability and fiscal discipline in developing economies, especially if they are not typically regulated and supervised on the same basis as other banks. Togo's and cross-country experiences suggest that performance improves more after privatization when the government fully relinquishes control, when banks are privatized to strategic investors rather than through share issues, and when bidding is open to all, including foreign banks. The success of privatization also hinges on the business environment for competition, governance, and entry, on banks' valuation and how policy concerns are dealt with, as well as on owner's prudential review quality. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/206 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/206/002.2019.issue-206-en.xml IMF e-Library