Nigeria: Second Review Under the Policy Support Instrument—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nigeria

January 19, 2007

Preview Citation

Format: Chicago

Nigeria: Second Review Under the Policy Support Instrument—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nigeria, (USA: International Monetary Fund, 2007) accessed December 24, 2024

Summary

This paper discusses key findings of the Second Review Under the Policy Support Instrument for Nigeria. All assessment criteria through end-September were met except for one civil service-related measure. Remedial measures have prevented the civil service reform program from being compromised. Four structural benchmarks, including two privatizations, were delayed. Against the backdrop of improved macroeconomic performance and large oil wealth, focus is on achieving the Millennium Development Goals including through increased infrastructure spending. Targeted spending in the Niger Delta could help restore stability and boost Nigeria’s economic growth.

Subject: Commodities, Expenditure, External debt, Fiscal policy, Fiscal stance, Monetary base, Money, Oil

Keywords: CR, Fiscal stance, Global, Government, ISCR, Management, Monetary base, Monetary policy objective, Nigerian authorities, Objective of disinflation, Oil, Policy, Policy dialogue, Policy initiative, PSI-supported program, Spending

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/020
Stock No:

1NGAEA2007001
ISBN:

9781451954371
ISSN:

1934-7685

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