Niger: 2022 Chapter IV Consultation and Second Review under the Extension of Administrative Credit, and Request for a Waiver of Non-Compliance with Implementation Instructions and Changing Performance-Media Standards; Staff Report; and the Director General’s Statement for Niger
January 18, 2023
The political situation of Niger is generally stable, but the country continues to face difficult development problems related to the situation of fragility, which is aggravated by a decade of conflict in the Sahel and exposed to natural disasters. . The low rainfall in 2021 pushed an estimated 4.4 million people into severe food insecurity this year. Russia’s war in Ukraine has added to food, fuel, and fertilizer prices. Economic growth is projected to accelerate from 1.4 percent in 2021 to 7.1 percent this year, boosted by private investment and the recovery of agriculture. While the debt crisis is increasing, the DSA considers the debt restructuring to be sustainable, and the impact of the external debt crisis and the general situation of it is still listed as “empty”.