Niger: Seventh Review under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of Performance Criterion, Extension and Rephasing of the Arrangement, and Third Review under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Niger
IMF Staff Country Reports, July 21, 2025
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- Niger: Seventh Review under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of Performance Criterion, Extension and Rephasing of the Arrangement, and Third Review under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Niger
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Bibliographic details
- Published: July 21, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229018029.002
Overview
- This paper presents Niger’s Seventh Review of the Extended Credit Facility (ECF) Arrangement and the Third Review of the Arrangement under the Resilience and Sustainability Facility (RSF).
- The authorities’ implementation of their ECF- and RSF-supported programs was broadly satisfactory.
- Niger’s economy rebounded in 2024 and the near-term outlook is relatively favorable, driven by the extractive sector.
- Significant uncertainty and elevated downside risks remain, including risks linked to:
- a deterioration of the security situation,
- the tightening of financing conditions,
- further reductions in financial support from development partners.
Program implementation and performance criteria
- Program implementation was broadly satisfactory.
- All performance criteria (PC) were met, except for the continuous PC on the non-accumulation of new external arrears.
- All Indicative targets (ITs) were met, except for the ITs on the floor for the basic budget balance at the end-December 2024.
Economic resilience and drivers
- Niger’s economy has demonstrated resilience against shocks stemming from political instability, conflict, and extreme climate events.
- The extractive sector is the primary driver of the 2024 rebound and underpins the relatively favorable near-term outlook.
Risks and vulnerabilities
- Downside risks are elevated and materially affect the outlook, including:
- deterioration of the security situation,
- tightening of global and domestic financing conditions,
- reductions in financial support from development partners.
Subject focus and keywords
- Subject: Arrears, Expenditure, External debt, Public debt
- Keywords: Arrears, ECF program, General tax code, Global, Nigerien authorities, tax exemption, tax procedure, West Africa
Source: Niger: Seventh Review under the Extended Credit Facility Arrangement, Requests for a Waiver of Nonobservance of Performance Criterion, Extension and Rephasing of the Arrangement, and Third Review under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Niger
Content in this bundle
- 1nerea2025003