November 28, 2022

IMF approves payment of $19.5 million to Niger, part of $163.6 million loan secured in 2017 and 2018 under extended credit facility

“It will be important to make the best of the prospective oil exports from 2022. The institutional framework for managing the oil sector should conform to good international standards and the prudent use of the additional revenues needs advance planning to secure their maximum development impact.

“The mobilization of fiscal revenues remains a significant challenge. While progress is being made, rigorous implementation holds the key to raising revenues further. In addition, it will be important to improve the quality and efficiency of spending to protect the poor. Fiscal risks from public-private partnerships need to be carefully assessed, including through rigorous cost-benefit analyses.

“Niger is making progress with improving the framework to fight corruption. The re-application to the Extractive Industries Transparency Initiative and advances with bringing the asset declaration regime for public officials closer to good practices are noteworthy. Efforts are needed to boost access to credit and enhance financial inclusion, as well as improving the business environment, enhancing human capital, and addressing gender inequality.”

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