Niger: Staff Report for the 2014 Article IV Consultation and Fourth and Fifth Reviews Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria
IMF Staff Country Reports, March 11, 2015
Source details
- Canonical URL
- Niger: Staff Report for the 2014 Article IV Consultation and Fourth and Fifth Reviews Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria
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Bibliographic details
- Published: March 11, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475586800.002
Summary and macroeconomic performance
- The 2014 Article IV Consultation finds Niger’s overall macroeconomic performance has been broadly satisfactory.
- Economic growth:
- Rebounded in 2014 after an economic slowdown in 2013 owing to the regional security situation and adverse climatic conditions.
- Inflation:
- Has been contained, in part owing to the government’s efforts to improve food security and the functioning of food markets.
Program performance and fiscal pressures
- Program performance described as mixed.
- Sources of fiscal strain:
- A combination of unexpected security and food expenditures.
- A shortfall in external financing.
- Near-term fiscal priority:
- Containing the fiscal deficit through measures to improve tax policy and administration, reform customs administration, and reduce exemptions is essential to ensure sustainability.
Subjects and keywords
- Subject: Expenditure, External debt, Food security, Government debt management, Poverty, Public debt, Public financial management (PFM)
- Keywords: CR, debt, deficit, ECF review, envisaged revenue administration measure, expenditure pressure, financing, food expenditure, Food security, Government debt management, IMF arrangement, ISCR, public finance management, real GDP, Sub-Saharan Africa, West Africa