Niger : Requests for Disbursement Under the Rapid Credit Facility and for Rephasing of Access Under the Extended Credit Facility -Press Release; Staff Report; and Statement by the Executive Director for Niger

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

April 23, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses Niger’s Requests for Disbursement Under the Rapid Credit Facility and for Rephasing of Access Under the Extended Credit Facility. The coronavirus disease 2019 (COVID-19) pandemic is inflicting significant damage on Niger’s economy at a time when the government is already faced with the deteriorating security situation across the Sahel region. A first local infection was reported on March 19, 2020 and a state of emergency was declared on March 27, 2020. The authorities adopted a comprehensive response plan, comprising health care measures and steps to alleviate the social and economic fallout from the crisis. The 5th program review was concluded on January 8, 2019. Performance has since been mixed. Difficulties to reliably recalibrate program parameters while the global COVID-19 crisis is still unfolding preclude the conduct of the 6th program review on the regular schedule. As a result, the authorities previously requested an extension of the program and now request rephasing the final disbursement due to the delay.

Series:

Country Report No. 20/128

Subject:

English

Publication Date:

April 23, 2020

ISBN/ISSN:

9781513541853/1934-7685

Stock No:

1NEREA2020002

Format:

Paper

Pages:

42

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