Niger: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Nonobservance of Performance Criteria and Augmentation of Access—Staff Report; Press Release on the Executive Board Discus

First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Nonobservance of Performance Criteria and Augmentation of Access—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Niger

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 040

Publication date: February 2006

ISBN: 9781451828696

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Topics covered in this book

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Exports and Imports , Public Finance , Natural Disasters , Public Policy - Social Services and Welfare , ISCR , CR , PRGF arrangement , financing , PRGF loan , government , economy , government finances , IMF support , customs administration reform , Arrears , Poverty reduction strategy , Capital spending , Total expenditures , West Africa

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Summary

Niger’s First Review Under the Poverty Reduction and Growth Facility, and Requests for Waiver of Nonobservance of Performance Criteria and Augmentation of Access are discussed. The sharp rise in food prices pushed up inflation in 2005, while the food shortage affected one-fourth of the population, resulting in malnutrition and the spread of diseases, especially among children. Increased drought-related imports and a significant deterioration in the terms of trade, mainly because of higher oil prices, have weakened Niger’s external position.