(Ecofin Agency) - The International Monetary Fund IMF approved $47 mln in favor of Niger under an Extended Credit Facility signed with the country.
According to the institution that reported the news this week, Niger performed well in implementing its reforms, despite tense security environment. The government improved public finances, and remains committed to meeting the budgetary convergence criteria of the West African Economic and Monetary Union (WAEMU), in order to ramp up macroeconomic stability and public debt sustainability.
“The structural program that underlies the fiscal strengthening is being implemented with a view to better mobilizing revenues and increasing the efficiency of public spending. However, it is possible to go faster. It is also essential to take full advantage of better administrative arrangements to achieve this new potential,” IMF observed.
This new disbursement brings to $125.4 million the total amount granted under the $134.04 million ECF arrangement signed in 2017. Initially set to end this year, the agreement has been extended to April 2020 with a rescheduling of payments.
Moutiou Adjibi Nourou