Niger: Second and Third Reviews Under the Extended Credit Facility Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and for Extension of the Program Period and Arrangement, Rephasing of Disbursements, and Modification of Performance Criteria

IMF Staff Country Reports, June 19, 2014

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Niger: Second and Third Reviews Under the Extended Credit Facility Arrangement and Requests for Waivers of Nonobservance of Performance Criteria and for Extension of the Program Period and Arrangement, Rephasing of Disbursements, and Modification of Performance Criteria

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Bibliographic details

• Published: June 19, 2014
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781498368018.002

Summary

• The paper covers Niger’s Second and Third Reviews under the Extended Credit Facility (ECF) Arrangement and requests for waivers of nonobservance of performance criteria, extension of the program period and arrangement, rephasing of disbursements, and modification of performance criteria.
• Fiscal performance was broadly in line with program targets.
• The IMF staff recommends the completion of the second and third reviews under the ECF.

Key Findings

• Fiscal performance: broadly in line with program targets.
• Medium-term growth: appears favorable, driven by important natural resource sector investments.
• Vulnerabilities: high domestic and external risks, including potential spillovers from the security situation in the region and climatic shocks.

Risks and Vulnerabilities

• Security-related spillovers from the regional situation.
• Climatic shocks that could affect economic performance.
• High domestic and external risks that could undermine the favorable medium-term outlook.

Policy Recommendations / IMF Staff Actions

• Complete the second and third reviews under the ECF.
• Address identified risks to safeguard the favorable medium-term outlook tied to natural resource sector investments.

Thematic Coverage (as listed)

• Capital spending
• Credit
• Expenditure
• External debt
• Financial institutions
• Loans
• Money
• Revenue administration

Keywords (as listed)

• authority, Capital spending, complying disbursement, CR, Credit, debt management framework, government priority, ISCR, loan, Loans, public finance management, revenue, sound management, West Africa

IMF Staff Country Report No. 2014/168 — June 19, 2014.

Content in this bundle

• Cr14168
  • Cr14168 (PDF)
• Country Report
  • Country Report (PDF)