Niger : Staff Report for the 2014 Article IV Consultation and Fourth and Fifth Reviews Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criteria.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2015/063

IMF Staff Country Reports

Language:

English

Subjects (All):

Economic development--Nigeria.

Fiscal policy--Nigeria.

International Monetary Fund--Nigeria.

Nigeria--Economic policy.

Local Subjects:

Economic development--Nigeria.

Fiscal policy--Nigeria.

International Monetary Fund--Nigeria.

Nigeria--Economic policy.

Physical Description:

1 online resource (109 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Summary:

This 2014 Article IV Consultation highlights that Niger’s overall macroeconomic performance has been broadly satisfactory. After the economic slowdown in 2013 owing to the regional security situation and adverse climatic conditions, economic growth has rebounded in 2014. Inflation has been contained, in part owing to the government’s efforts to improve food security and the functioning of food markets. However, program performance has been mixed, as a combination of unexpected security and food expenditures and a shortfall in external financing have strained fiscal management. In the near term, containing the fiscal deficit through measures to improve tax policy and administration, reform customs administration, and reduce exemptions is essential to ensure sustainability.

Contents:

Cover; CONTENTS; CONTEXT; RECENT DEVELOPMENTS, OUTLOOK AND RISKS, AND PROGRAM PERFORMANCE; A. Recent Developments; B. Outlook and Risks; C. Program Performance; STRENGTHENING FISCAL SUSTAINABILITY AND ADVANCING THE INCLUSIVE GROWTH AGENDA; A. 2014 Fiscal Policy; B. The 2015 Budget and Fiscal Policy; C. Management of Natural Resources; D. Debt Management; E. The Inclusive Growth Agenda; PROGRAM DESIGN, AND IMPLEMENTATION RISKS; A. Program Design; B. Implementation Risks; STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments; 2. Fiscal Developments 2011-15

3. GDP Composition and Output VolatilityTABLES; 1. Selected Economic and Financial Indicators, 2012-19; 2. Financial Operations of the Central Government, 2012-19 (Billions of CFA francs); 3. Financial Operations of the Central Government, 2012-19 (In Percent of GDP); 4. Monetary Survey, 2012-19; 5. Balance of Payments, 2012-19; 6. Quantitative Performance Criteria and Indicative Targets (March 2013-December 2013); 7. Quantitative Performance Criteria and Indicative Targets (March 2014-June 2015); 8. Prior Actions and Structural Benchmarks, 2013

9. Prior Actions and Structural Benchmarks, 201410. Newly Proposed Structural Benchmarks, 2015; 11. Indicators of Capacity to Repay the Fund, 2014-25; 12. Proposed Scheduled Disbursements under the ECF Arrangement, 2012-15; 13. Indicators of Financial Soundness, December 2008-June 2014; 14. Risk Assessment Matrix (RAM); APPENDICES; I: Letter of Intent; Attachment I. Memorandum of Economic and Financial Policies; Attachment II. Technical Memorandum of Understanding; CONTENTS; RELATIONS WITH THE FUND; JMAP BANK-FUND MATRIX; STATISTICAL ISSUES

Notes:

Description based upon print version of record.

Description based on publisher supplied metadata and other sources.

ISBN:

9781498357234

1498357237

9781498310550

1498310559

OCLC:

907942350