{
  "title": "Nigeria: Second Review Under the Policy Support Instrument—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nigeria",
  "publication": "IMF Staff Country Reports, January 19, 2007",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-second-review-under-the-policy-support-instrument-staff-report-press-release-on-the-20240",
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  "summary": "This paper discusses key findings of the Second Review Under the Policy Support Instrument for Nigeria. All assessment criteria through end-September were met except for one civil service-related measure. Remedial measures have prevented the civil service reform program from being compromised.",
  "publishDate": "2007-01-19",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- All assessment criteria through end-September were met except for one civil service-related measure.\n- Remedial measures have prevented the civil service reform program from being compromised.\n- Four structural benchmarks, including two privatizations, were delayed.\n- Macroeconomic performance had improved and Nigeria possessed large oil wealth.\n- Emphasis on achieving the Millennium Development Goals, including through increased infrastructure spending.\n- Targeted spending in the Niger Delta could help restore stability and boost Nigeria’s economic growth."
    },
    {
      "heading": "Structural benchmarks and reforms",
      "content": "- Four structural benchmarks were delayed; among these were two privatizations.\n- One unmet assessment criterion related to civil service reform; remedial measures were implemented to protect the reform program."
    },
    {
      "heading": "Macroeconomic context and priorities",
      "content": "- Improved macroeconomic performance and large oil wealth form the backdrop for policy focus.\n- Priorities highlighted include achieving the Millennium Development Goals and increasing infrastructure spending.\n- Targeted fiscal measures in the Niger Delta were identified as a potential way to restore stability and promote growth."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Continue implementing remedial measures to safeguard civil service reform.\n- Complete delayed structural benchmarks, including privatizations, to sustain reform momentum.\n- Increase infrastructure spending to support Millennium Development Goals and broader growth objectives.\n- Use targeted spending in the Niger Delta to address stability concerns and enhance economic prospects.\n\nInternational Monetary Fund. \"Nigeria: Second Review Under the Policy Support Instrument—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nigeria\", January 19, 2007.\n\n---\n\n Content in this bundle\n\n- Cr0720\n  - Cr0720 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-second-review-under-the-policy-support-instrument-staff-report-press-release-on-the-20240"
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    "Published: January 19, 2007",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451954371.002",
    "All assessment criteria through end-September were met except for one civil service-related measure.",
    "Remedial measures have prevented the civil service reform program from being compromised.",
    "Four structural benchmarks, including two privatizations, were delayed.",
    "Macroeconomic performance had improved and Nigeria possessed large oil wealth.",
    "Emphasis on achieving the Millennium Development Goals, including through increased infrastructure spending.",
    "Targeted spending in the Niger Delta could help restore stability and boost Nigeria’s economic growth.",
    "Four structural benchmarks were delayed; among these were two privatizations.",
    "One unmet assessment criterion related to civil service reform; remedial measures were implemented to protect the reform program.",
    "Improved macroeconomic performance and large oil wealth form the backdrop for policy focus.",
    "Priorities highlighted include achieving the Millennium Development Goals and increasing infrastructure spending.",
    "Targeted fiscal measures in the Niger Delta were identified as a potential way to restore stability and promote growth.",
    "Continue implementing remedial measures to safeguard civil service reform.",
    "Complete delayed structural benchmarks, including privatizations, to sustain reform momentum.",
    "Increase infrastructure spending to support Millennium Development Goals and broader growth objectives.",
    "Use targeted spending in the Niger Delta to address stability concerns and enhance economic prospects.",
    "**Cr0720**"
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