Niger: Eighth Review Under the Extended Credit Facility Arrangement, Fourth Review Under the Resilience and Sustainability Facility, Requests for Augmentation of the Extended Credit Facility Arrangement, Waiver of Nonobservance of a Performance Criterion, and Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Niger

This paper presents Niger’s Eighth Review under the Extended Credit Facility (ECF) Arrangement, Fourth Review under the Resilience and Sustainability Facility (RSF), Requests for Augmentation of the Extended Credit Facility (ECF) Arrangement, Waiver of Nonobservance of a Performance Criterion (PC), and Modification of Performance Criteria. Gross domestic product (GDP) growth is expected to reach 6.9 percent in 2025 on the back of a strong agricultural season and remain robust at 6.7 percent in 2026, notwithstanding downside risks. Program implementation is broadly satisfactory. All PCs and indicative targets (ITs) were met, except for the continuous PC on the nonaccumulation of new external arrears. Arrears were cleared and corrective actions will be taken. Reform implementation progress under the ECF-supported program continues. The authorities’ sustained ownership is paramount to consolidate macroeconomic stability, strengthen the banking system, and advance inclusive growth to help Niger build lasting resilience. RSF-supported reforms have been successfully completed, which could help build resilience to climate shocks and mobilize financing for climate-related investment.