Niger: Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of Performance Criteria, and Request for a New Three-Year Arrangement Under the Poverty Reduction and Growth Faci

Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of Performance Criteria, and Request for a New Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Niger

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 211

Publication date: July 2008

ISBN: 9781451828818

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , September-October harvest , oil price projection , successor SDR , authority , SDR , priority development expenditure , revenue shortfall , Budget planning and preparation , Current spending , West Africa , Sub-Saharan Africa

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Summary

This paper examines Niger’s sixth review under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). A successor PRGF-supported program would support the authorities’ efforts to move toward meeting the Millennium Development Goals (MDGs) while preserving economic stability. Among the risks to the new program are adverse climatic shocks, higher food and international oil prices, and the insurgency in the North. IMF staff supports the requests for the waivers for nonobservance of two performance criteria, and the request for a new PRGF arrangement.