Niger: Third Review Under the Extended Credit Facility Arrangement, Request for Extension, Rephasing, and Modification of Performance Criteria of the Extended Credit Facility Arrangement, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger

International Monetary Fund

No 2023/254, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents Niger’s Third Review under the Extended Credit Facility Arrangement, Request for Extension, Rephasing, and Modification of Performance Criteria of the Extended Credit Facility Arrangement, and Request for an Arrangement under the Resilience and Sustainability Facility. The Nigerien economy has been resilient to multiple shocks over the past few years, including the coronavirus disease 2019 pandemic, the worsening security situation in the Sahel region, and climate shocks. The outlook remains favorable, with the start of crude oil exports through the new pipeline to the Beninese coast. The authorities’ efforts to lift the most binding constraints to private sector development and economic diversification should be accelerated. Promoting financial stability and inclusion is critical to build resilience. The Nigerien authorities have made good progress in implementing their economic reform program despite a challenging security situation and climate shocks. Key priorities include stepping up domestic revenue mobilization efforts and advancing with fiscal consolidation plans while strengthening social and priority spending.

Keywords: management strategy; DPF series; Niger Gorou banda; RSF ARRANGEMENT; RSF program; RSF arrangement; Climate change; Debt sustainability analysis; Global; West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 138
Date: 2023-07-12
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