Niger: Sixth and seventh Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Request for Augmentation of Access, and Extension of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Niger

IMF Staff Country Reports, December 17, 2015

Source details

Canonical URL: Niger: Sixth and seventh Reviews Under the Extended Credit Facility Arrangement, Request for Waivers of Nonobservance of Performance Criteria, Request for Augmentation of Access, and Extension of the Current Arrangement-Press Release; Staff Report; and Statement by the Executive Director for Niger

Publication date: December 17, 2015
Single-unit focus: Sixth and Seventh Reviews under the Extended Credit Facility (ECF) arrangement for Niger, including:
- Request for waivers of nonobservance of Performance Criteria (PC)
- Request for augmentation of access
- Request for extension of the current arrangement
Key thematic subjects: Budget planning and preparation; Expenditure; External debt; Government debt management; Public debt; Public financial management (PFM)

2015: Niger’s growth slowed owing to lower agricultural and natural resource sectors activity.
Medium-term projection: Real economic growth is expected to pick up as major projects in oil and mineral extraction come to fruition.

IMF staff supports the authorities’ request for waivers for the unmet performance criteria (PC):
- Unmet PC on domestic financing and domestic arrears repayments at end-December 2014
- Unmet PC on domestic financing at end-June 2015
Package under consideration includes augmentation of access and extension of the current ECF arrangement.

Emphasis in document on managing unanticipated expenditure pressure and public finance management.
Relevant keywords indicating focus areas: authorities' resolve; authority; Budget planning and preparation; CR; ECF arrangement; expenditure side; GDP; Government debt management; ISCR; natural resource sector; price; price stabilization program; public finance management; Sub-Saharan Africa; unanticipated expenditure pressure; West Africa.