Niger and the IMF agree a new $203 million programme
The 38-month deal still needs approval by the fund's board. The IMF expects Niger's economy to grow by about 7% this year.
Niamey — The International Monetary Fund has reached a preliminary agreement with Niger on a new programme worth about $203 million over three years, Africanews reports.
The deal was reached on Thursday after talks in Niamey. It would run for 38 months under the fund's Extended Credit Facility and must still be approved by the IMF's executive board.
Julia Bersch, who led the IMF team, said the programme would "consolidate macroeconomic stability and reform achievements, and support implementation of the government's ambitious 2025-29 development strategy".
Growth and risks
The fund expects Niger's economy to grow by 7% this year and by nearly 7% in 2027, driven mainly by agriculture and oil exports.
It said the current programme had helped preserve economic stability despite shocks. It named jihadist attacks and climate-related shocks as the main risks.
This report is based on reporting by Africanews.
