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

Author: International Monetary Fund

Volume/Issue: Volume 2012 Issue 109

Publication date: May 2012

ISBN: 9781475503562

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Topics covered in this book

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Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Natural Resources , ISCR , CR , government , democratically-elected government , policy , government finances , government cash balance , growth strategy , petroleum resource , Natural resources , Government debt management , Oil , Government finance statistics , West Africa , Sub-Saharan Africa

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Summary

Niger’s medium-term fiscal policy aims to support the growth strategy by creating fiscal space for increasing development spending while maintaining external debt sustainability. Economic activity in recent years has been affected by large swings in agricultural production. The authorities’ program is aimed at maintaining macroeconomic stability while increasing resilience to shocks; strengthening public finance and debt management; and supporting private and financial sector development. Medium-term fiscal policy will aim at maintaining debt sustainability while creating room for increased development spending.