{
  "title": "Niger: First Review under the Extended Credit Facility Arrangement-Press Release and Staff Report",
  "publication": "IMF Staff Country Reports, December 20, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/12/20/niger-first-review-under-the-extended-credit-facility-arrangement-press-release-and-staff-45501",
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  "summary": "This paper discusses Niger’s First Review Under the Extended Credit Facility Arrangement. Despite security challenges and unfavorable commodity prices, economic performance of Niger has been satisfactory against the backdrop of a good crop season, with real GDP growing by 5 percent in 2016 while inf",
  "sections": [
    {
      "heading": "Economic performance (2016)",
      "content": "- Real GDP grew by 5 percent in 2016.\n- Inflation remained contained at 0.2 percent.\n- Performance judged satisfactory despite security challenges and unfavorable commodity prices.\n- Good crop season contributed to the favorable outcome."
    },
    {
      "heading": "Growth projections and drivers (2017)",
      "content": "- Growth is expected to reach 5.2 percent in 2017.\n- Main drivers cited:\n  - Strengthening hydrocarbon sector.\n  - Strengthening services sector.\n  - Robust credit growth."
    },
    {
      "heading": "External sector outlook",
      "content": "- The current account deficit will likely decline to 13.4 percent of GDP.\n- Factors behind the improvement:\n  - Rising exports of oil products.\n  - A rebound in uranium exports.\n  - Winding down of import-intensive infrastructure projects."
    },
    {
      "heading": "Policy areas covered",
      "content": "- Budget planning and preparation\n- Capital spending\n- Credit\n- Expenditure\n- Money\n- Public financial management (PFM)\n- Revenue administration"
    },
    {
      "heading": "Keywords and focal policy themes",
      "content": "- Budget planning and preparation\n- Capital spending\n- CR\n- Credit\n- debt policy\n- deficit\n- disbursement\n- ECF arrangement\n- expenditure restraint\n- fiscal policy\n- GDP\n- Global\n- government\n- ISCR\n- prudent fiscal policy\n- spending allocation\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\"}"
    }
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    "[Markdown version](/en/publications/cr/issues/2017/12/20/niger-first-review-under-the-extended-credit-facility-arrangement-press-release-and-staff-45501/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2017/12/20/niger-first-review-under-the-extended-credit-facility-arrangement-press-release-and-staff-45501/index.json)",
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    "Published: December 20, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484334447.002",
    "Real GDP grew by 5 percent in 2016.",
    "Inflation remained contained at 0.2 percent.",
    "Performance judged satisfactory despite security challenges and unfavorable commodity prices.",
    "Good crop season contributed to the favorable outcome.",
    "Growth is expected to reach 5.2 percent in 2017.",
    "Main drivers cited:",
    "The current account deficit will likely decline to 13.4 percent of GDP.",
    "Factors behind the improvement:",
    "CR",
    "debt policy",
    "deficit",
    "disbursement",
    "ECF arrangement",
    "expenditure restraint",
    "fiscal policy",
    "GDP",
    "Global",
    "government",
    "ISCR",
    "prudent fiscal policy",
    "spending allocation",
    "**Country Report**"
  ],
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      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr17394.pdf",
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