Africa IMF Reports : Niger 2012

IMF Reports for Niger 2012

Press Release: IMF Executive Board Approves Three-Year US$120.97 Million Extended Credit Facility Arrangement and US$ 17.28 Million Disbursement for Niger

Country’s Policy Intentions Documents — Niger: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, February 28, 2012

Country Report No. 12/109: Niger: Request for a New Three-Year Arrangement Under the Extended Credit Facility – Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Niger

IMF Policy Paper: Niger – Assessment Letter for the African Development Bank Summary: The new three-year ECF arrangement was approved by the Board on March 16, 2012. The economic outlook for 2012 and 2013 is broadly positive, thanks to the coming onstream of oil production and continuing investment in the natural resource sector. Downside risks to the outlook include the fragile regional security situation and climatic shocks. 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, but there were delays in the execution of the structural reform agenda.

Press Release: IMF Concludes Extended Credit Facility Review Mission to Niger All info collated from

From Wikipedia: The Republic of Niger, is a landlocked country in Western Africa, named after the Niger River. It borders Nigeria and Benin to the south, Burkina Faso and Mali to the west, Algeria andLibya to the north and Chad to the east. Niger covers a land area of almost 1,270,000 km2, making it the largest nation in West Africa, with over 80 percent of its land area covered by the Sahara desert. The country’s predominantly Islamic population of just above 15,000,000 is mostly clustered in the far south and west of the nation. The capital city is Niamey, located in the far-southwest corner of Niger. Niger is a developing country, and consistently ranks as one of the lowest ranks of the United Nations’ Human Development Index (HDI), 186th of 187 countries in 2011. Much of the non-desert portions of the country are threatened by periodic drought and desertification. The economy is concentrated around subsistence and some export agriculture clustered in the more fertile south, and the export of raw materials, especiallyuranium ore. Niger remains handicapped by its landlocked position, desert terrain, poor education and poverty of its people, lack of infrastructure, poor health care, and environmental degradation. Nigerien society reflects a diversity drawn from the long independent histories of its several ethnic groups and regions and their relatively short period living in a single state. Historically, what is now Niger has been on the fringes of several large states. Since independence, Nigeriens have lived under five constitutions and three periods of military rule. Following a military coup in 2010, Niger has become a democratic, multi-party state. A majority live in rural areas, and have little access to advanced education.


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