Niger: Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger

Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Niger
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Volume/Issue: Volume 2021 Issue 271
Publication date: December 2021
ISBN: 9781616358648
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Exports and Imports , Money and Monetary Policy , Public Finance , Taxation - General , International - Economics , staff appraisal , staff statement , ownership information , ECF arrangement , Three-Year Arrangement , Debt sustainability analysis , Credit , West Africa , Global , Sub-Saharan Africa

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Summary

Niger’s new government developed an ambitious reform agenda in the face of daunting challenges. The previous ECF-supported program was able to preserve macroeconomic stability and implement some key PFM reforms, notwithstanding the pandemic. However, progress on revenue mobilization was more limited, reflecting capacity constraints and a challenging environment. For the new government to achieve its development goals, it will have to overcome deep-seated social and political divisions and a deteriorating regional security situation. 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.