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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.

of performance criteria on net domestic financing and domestic arrears repayments at end-June 2016. Recent Developments, Outlook and Risks Economic developments: The adverse environment created by the regional economic slowdown, security-related disruptions and the resource sector downturn has negatively impacted economic development in Niger. Growth slowed from 7 percent in 2014 to 3.5 percent in 2015 due to lower agriculture, oil and mining production and to spillovers from the economic slowdown in neighboring countries. The economic downturn in

International Monetary Fund. African Dept.

: Poverty Rate is defined as the percentage of population below $1.25 (PPP) per day. The latest available data is from 2011. Literacy Rate refers to the literacy rate of 15–24 year-olds, women and men. The latest available data is from 2014. Child Mortality is defined as the children under five years-old mortality rate per 1,000 live births. The latest available data is from 2015. Recent Developments, Outlook and Risks A. Economic and Institutional Developments Niger’s overall macroeconomic performance has been mixed reflecting the resource sector downturn