Niger: Eighth Review Under the Extended Credit Facility Arrangement and Request for Waivers of Nonobservance of Performance Criteria and for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the ED

International Monetary Fund

No 2016/247, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Niger’s Eighth Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waivers of Nonobservance of Performance Criteria (PC) and for Modification of PCs. Niger’s medium-term prospects are closely linked to returns on major projects in oil and mineral extraction that are under way. Two of the end-2015 PC for the eighth ECF review were missed (on domestic financing and domestic arrears repayment), as were several indicative targets. The IMF staff supports the authorities’ request for waivers for the unmet PC on domestic financing and domestic arrears repayments at end-December 2015.

Keywords: ISCR; CR; government; ECF arrangement; customs; procedure; economic development; resource revenue; resource sector downturn; customs revenue; macroeconomic objective; audit mining revenue; revenue collection; Budget planning and preparation; Capital spending; West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 81
Date: 2016-07-21
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