Public Management

Niger: IMF approves immediate disbursement of $55.2mln

Thursday, 09 December 2021 14:49
Niger: IMF approves immediate disbursement of $55.2mln

(Ecofin Agency) - The International Monetary Fund (IMF) announced Wednesday it has approved the implementation of a three-year program to support Niger. The program will be deployed under an Extended Fund Facility consisting of Special Drawing Rights (SDR) resources worth $275.8 million; $55.2 million (CFA32 billion) of the amount is available immediately.

"Niger's economy is expected to rebound in 2021, with economic activity gaining momentum in the mid-term. This will be driven by the start of oil exports through a new pipeline to the Benin coast. This overall favorable outlook is, however, subject to significant downside risks related to worsening security problems in the Sahel region and Niger's increased exposure to the effects of climate change," said Antoinette Sayeh (pictured), IMF deputy director.

This new IMF support is expected to unlock more opportunities for resource mobilization from other private and institutional partners. According to available information, the resources will support reforms in public finances, fight corruption, expand opportunities for the private sector, among others. Due to the insecurity in the country, donors have been cautious.

As a reminder, more than half of the government budget this year was intended for public investments. But by the end of the first half of 2021, the government had still not mobilized the resources provided for in its budget. While the mobilization of domestic revenues exceeded the target, mobilization from partners outside the WAEMU did not exceed 10%. Yet, the country continues to honor its commitments to its creditors, with little access to substantial capital markets.

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Telecom


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.