{
  "title": "Niger: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger",
  "publication": "IMF Staff Country Reports, February 24, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/02/24/niger-2016-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-44704",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2017/02/24/niger-2016-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-44704",
  "overlayPath": "/en/publications/cr/issues/2017/02/24/niger-2016-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-44704/index.md",
  "summary": "This 2016 Article IV Consultation highlights Niger’s macroeconomic outcomes, which continue to be affected by security and humanitarian shocks, weak commodity prices, and reduced trade flows to neighboring countries. For 2016, growth is projected at 4.6 percent, slightly higher than the 3.",
  "publishDate": "2017-02-24",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The 2016 Article IV Consultation reviews Niger’s macroeconomic outcomes amid security and humanitarian shocks, weak commodity prices, and reduced trade flows to neighboring countries.\n- The medium-term economic outlook is described as favorable but subject to substantial external and domestic risks."
    },
    {
      "heading": "Macroeconomic outcomes and risks",
      "content": "- Macroeconomic performance continues to be affected by:\n  - security and humanitarian shocks,\n  - weak commodity prices,\n  - reduced trade flows to neighboring countries.\n- The outlook is vulnerable to substantial external and domestic risks."
    },
    {
      "heading": "Growth projections and key statistics",
      "content": "- Growth for 2016 is projected at 4.6 percent.\n- Growth recorded in 2015 was 3.5 percent.\n- Growth is projected to increase to 5.2 percent in 2017.\n- Growth is projected to average 6.0 percent during 2018–21.\n- The 2016 growth projection (4.6 percent) is noted as only just above the rate of population growth."
    },
    {
      "heading": "Drivers of medium-term growth",
      "content": "- The projected strengthening in growth during 2018–21 is mainly attributed to:\n  - expansion of the extractive industries sector,\n  - an increase in public and private investments."
    },
    {
      "heading": "Thematic focus areas (as listed)",
      "content": "- Expenditure\n- External debt\n- Government debt management\n- Public debt\n- Public financial management (PFM)\n- Revenue administration"
    },
    {
      "heading": "Keywords (as listed)",
      "content": "- capital project\n- CR\n- expenditure net\n- government\n- Government debt management\n- IMF quota\n- ISCR\n- net\n- outlay\n- priority spending\n- reform agenda\n- Sub-Saharan Africa\n- West Africa\n\nInternational Monetary Fund. African Dept. \"Niger: 2016 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger\", IMF Staff Country Reports 2017, 059 (2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/02/24/niger-2016-article-iv-consultation-and-request-for-a-three-year-arrangement-under-the-44704"
    }
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    "Published: February 24, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475582871.002",
    "The 2016 Article IV Consultation reviews Niger’s macroeconomic outcomes amid security and humanitarian shocks, weak commodity prices, and reduced trade flows to neighboring countries.",
    "The medium-term economic outlook is described as favorable but subject to substantial external and domestic risks.",
    "Macroeconomic performance continues to be affected by:",
    "The outlook is vulnerable to substantial external and domestic risks.",
    "Growth for 2016 is projected at 4.6 percent.",
    "Growth recorded in 2015 was 3.5 percent.",
    "Growth is projected to increase to 5.2 percent in 2017.",
    "Growth is projected to average 6.0 percent during 2018–21.",
    "The 2016 growth projection (4.6 percent) is noted as only just above the rate of population growth.",
    "The projected strengthening in growth during 2018–21 is mainly attributed to:",
    "Expenditure",
    "External debt",
    "Government debt management",
    "Public debt",
    "Public financial management (PFM)",
    "Revenue administration",
    "capital project",
    "CR",
    "expenditure net",
    "government",
    "Government debt management",
    "IMF quota",
    "ISCR",
    "net",
    "outlay",
    "priority spending",
    "reform agenda",
    "Sub-Saharan Africa",
    "West Africa",
    "**Country Report**"
  ],
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