{
  "title": "Nigeria: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, August 26, 2005",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2005-article-iv-consultation-18516",
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  "summary": "Nigeria’s 2005 Article IV Consultation reports that the authorities made good progress in implementing their structural reform program. Given favorable terms of trade, gross international reserves are projected to increase substantially.",
  "publishDate": "2005-08-26",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- The authorities made good progress in implementing their structural reform program.\n- Given favorable terms of trade, gross international reserves are projected to increase substantially.\n- The economy is expected to benefit from improved infrastructure and policy initiatives aimed at spurring non-oil GDP growth, and removal of distortions."
    },
    {
      "heading": "Medium-term outlook",
      "content": "- The outlook hinges on the government's ability to:\n  - consolidate the progress it has made in macroeconomic stability;\n  - strengthen public expenditure management; and\n  - progress significantly in implementing structural reforms."
    },
    {
      "heading": "Core policy implications and priorities",
      "content": "- Continue and deepen structural reform implementation to sustain gains.\n- Reinforce public expenditure management to secure macroeconomic stability.\n- Advance infrastructure improvements and policies to promote non-oil GDP growth and remove remaining distortions.\n\nSource: Nigeria: Staff Report for the 2005 Article IV Consultation (August 26, 2005).\n\n---\n\n Content in this bundle\n\n- cr05302\n  - cr05302 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr05302 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2005-article-iv-consultation-18516"
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    "Published: August 26, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451828962.002",
    "The authorities made good progress in implementing their structural reform program.",
    "Given favorable terms of trade, gross international reserves are projected to increase substantially.",
    "The economy is expected to benefit from improved infrastructure and policy initiatives aimed at spurring non-oil GDP growth, and removal of distortions.",
    "The outlook hinges on the government's ability to:",
    "Continue and deepen structural reform implementation to sustain gains.",
    "Reinforce public expenditure management to secure macroeconomic stability.",
    "Advance infrastructure improvements and policies to promote non-oil GDP growth and remove remaining distortions.",
    "**_cr05302**"
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