Niger: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Niger
IMF Staff Country Reports, January 14, 2020
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- Canonical URL
- Niger: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Niger
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Bibliographic details
- Published: January 14, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513526270.002
Overview
- The paper covers Niger’s Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria.
- Niger faces development challenges aggravated by terrorist incursions, climate change, and low uranium export prices.
- Presidential elections are due in late 2020.
- Reforms are advancing and economic activity is reasonably strong.
- Program implementation has been broadly satisfactory; all quantitative targets for end-June 2019 were met.
- Subsequent weakening of revenues, partly due to Nigeria’s closure of its borders to trade, and topped-up budget support required mitigating policy measures and the adjustment of end-December 2019 targets.
- Structural reforms are advancing with delays.
Macroeconomic findings and program implementation
- All quantitative targets for end-June 2019 were met.
- Weakened revenues after June 2019 were partly attributed to Nigeria’s closure of its borders to trade.
- Topped-up budget support contributed to the need for policy mitigation and adjustment of end-December 2019 targets.
- Economic activity described as reasonably strong despite shocks.
Risks, constraints, and external environment
- Main adverse factors: terrorist incursions, climate change, and low uranium export prices.
- Political timeline: presidential elections scheduled for late 2020.
- Border closure by Nigeria had material fiscal implications.
Structural reforms and policy recommendations
- Secure favorable contractual arrangements with foreign investors.
- Establish a framework for administering oil resources in line with good practices, notably channeling all revenues directly through the Treasury.
- Increase spending on physical and human capital while being mindful of the inherent volatility in natural resource revenues.
- Continue advancing structural reforms, addressing implementation delays.
Key statistics and publication metadata
- Publication date: January 14, 2020
- Pages: 65
- Volume: 2020
- Issue: 007
- Series: Country Report No. 2020/007
- DOI: https://doi.org/10.5089/9781513526270.002
- Stock No: 1NEREA2020001
- ISBN: 9781513526270
- ISSN: 1934-7685
International Monetary Fund. African Dept. "Niger: Fifth Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Niger", IMF Staff Country Reports 2020, 007 (2020), accessed 9/11/2026, https://doi.org/10.5089/9781513526270.002
Content in this bundle
- 1nerea2020001