Niger - Assessment Letter for the African Development Bank
Policy Papers, October 19, 2012
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- Niger - Assessment Letter for the African Development Bank
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Bibliographic details
- Published: October 19, 2012
- Series: Policy Papers
- Stock No: ISBN
Summary / Overview
- The new three-year ECF arrangement was approved by the Board on March 16, 2012.
- The economic outlook for 2012 and 2013 is described as broadly positive, attributed to:
- the coming onstream of oil production, and
- continuing investment in the natural resource sector.
- Downside risks identified include:
- the fragile regional security situation, and
- climatic shocks.
Program implementation and performance
- Program implementation in 2012 has been mixed.
- All end-June quantitative performance criteria were met other than the continuous performance criterion on non-concessional borrowing.
- There were delays in the execution of the structural reform agenda.
Key findings and signals for policy
- Positive growth prospects for 2012 and 2013 are contingent on successful start-up of oil production and ongoing natural resource investment.
- Fiscal and reform implementation risks arise from:
- non-compliance with the continuous performance criterion on non-concessional borrowing, and
- delays in structural reforms.
- External and domestic shocks that could undermine the outlook:
- regional security fragility, and
- climatic shocks.
Source: Niger - Assessment Letter for the African Development Bank, October 19, 2012.
Content in this bundle
- Niger - Assessment Letter for the African Development Bank, October 18, 2012