• IMF approves reviews, unlocking about $91 million for Niger
• Funds support macroeconomic stability, private-sector growth and climate reforms
• Economy grows 6.9% in 2025 but faces security, aid risks

The International Monetary Fund said on Friday that its Executive Board completed two program reviews for Niger, clearing the way for the immediate disbursement of about $91 million.

The IMF’s Executive Board completed the eighth review under the Extended Credit Facility (ECF) and the fourth review under the Resilience and Sustainability Facility (RSF).

Disbursement breakdown

The board authorized a $61 million disbursement under the ECF, bringing total funding already released under the program to about $306 million.

An additional $30 million was approved under the RSF to support climate-related reforms, raising total RSF financing to approximately $131 million.

The financing aims to strengthen macroeconomic stability, support resilient and inclusive private-sector-led growth, and finance investments designed to mitigate climate risks, protect infrastructure and safeguard livelihoods.

The IMF said reform implementation under the ECF program remains satisfactory in Niger. However, it stressed that the authorities’ continued commitment will be essential to consolidate macroeconomic stability, strengthen the banking system and advance inclusive growth, helping the country build lasting resilience.

Regarding the RSF, the Fund said the planned reforms have been completed. These measures are expected to improve the country’s resilience to climate shocks and help mobilize additional financing for climate-related investment.

Economic outlook

Niger’s economy continues to perform strongly. Real GDP growth is estimated at 6.9% in 2025, supported in part by strong agricultural production, which is helping to ease inflation.

However, the outlook remains exposed to several risks, including security challenges, commodity price volatility, declining external aid and recurring climate shocks. Following the review, the IMF advised Niger’s authorities to prioritize concessional financing and maintain prudent borrowing to limit the risk of debt distress.

The institution also highlighted the need to strengthen governance and anti-corruption efforts, notably through an ongoing diagnostic assessment expected to be published by June 2026. Despite these risks, medium-term prospects remain favorable, with economic growth projected at 6.7% in 2026.

Ingrid Haffiny