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International Monetary Fund. African Dept.
This paper discusses Niger’s Eighth Review Under the Extended Credit Facility (ECF) Arrangement and Request for Waivers of Nonobservance of Performance Criteria (PC) and for Modification of PCs. Niger’s medium-term prospects are closely linked to returns on major projects in oil and mineral extraction that are under way. Two of the end-2015 PC for the eighth ECF review were missed (on domestic financing and domestic arrears repayment), as were several indicative targets. The IMF staff supports the authorities’ request for waivers for the unmet PC on domestic financing and domestic arrears repayments at end-December 2015.
International Monetary Fund. African Dept.

the new mining code have been signed, the government is requesting technical assistance in building capacities to evaluate project and audit mining revenue. Financial sector: The contribution of the financial sector to the national economy remains weak and its development is lagging. However, the government is committed to strengthen its development and has initiated the implementation of the financial sector development strategy covering the period 2014–2019. Also, the government adopted in July 2015, the National Strategy for Financial Inclusion. In the

International Monetary Fund. African Dept.

agreements based on the new mining code have been signed. However, due to the low levels of uranium prices, the tax benefits of the new agreements will be only marginal. Consequently, the government is requesting technical assistance in building capacities to evaluate project and audit mining revenue. It is also in the process of beefing up the means of regulation, negotiation, and enforcement of contracts. In this context, measures have been taken to ensure that the inter-ministerial committee seeks to make the large projects efficient and to maximize competition. To