## Niger: 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, December 20, 2021_

## Source details

**Canonical URL:** [Niger: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger](https://www.imf.org/en/publications/cr/issues/2021/12/20/niger-request-for-a-three-year-arrangement-under-the-extended-credit-facility-press-release-511233)

## Other formats

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## Bibliographic details
- Published: December 20, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616358648.002

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### Overview
- Niger’s new government developed an ambitious reform agenda in the face of daunting challenges.
- The previous ECF-supported program preserved macroeconomic stability and implemented some key PFM reforms, notwithstanding the pandemic.
- Progress on revenue mobilization under the previous program was more limited, reflecting capacity constraints and a challenging environment.
- Enhanced reforms and the advent of oil exports over the medium-term offer hope that greater domestic resources can be marshalled to accelerate growth and poverty reduction.

### Key findings
- The previous ECF-supported program was able to preserve macroeconomic stability.
- The previous program implemented some key public financial management (PFM) reforms.
- Revenue mobilization progress was limited due to capacity constraints and a challenging environment.
- Deep-seated social and political divisions and a deteriorating regional security situation are material impediments to achieving development goals.
- Medium-term prospects are improved by the potential for oil exports and by implementing enhanced reforms.

### Challenges and risks
- Deep-seated social and political divisions.
- Deteriorating regional security situation.
- Capacity constraints that have limited revenue mobilization.
- The pandemic’s adverse effects, which the previous program managed but that continue to pose risks.

### Policy implications and recommendations
- Implement enhanced reforms to strengthen domestic resource mobilization.
- Leverage the advent of oil exports over the medium-term to accelerate growth and poverty reduction.
- Address capacity constraints in revenue administration and related institutions.
- Pursue reforms to sustain macroeconomic stability and deepen PFM gains while mitigating social and security risks.

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## Content in this bundle

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_Source: https://www.imf.org/en/publications/cr/issues/2021/12/20/niger-request-for-a-three-year-arrangement-under-the-extended-credit-facility-press-release-511233_