Niger’s Fourth Review Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria are examined. Economic growth in 2006 has been satisfactory at 4.8 percent, owing to a good harvest for the second year in a row, and strong mining, telecommunications, and construction activities. Inflation has been low, and food security improved, partly because of continued donor support. The fiscal deficit in 2006 has been smaller than programmed because of underspending and exceptional mining receipts.
This paper examines Sierra Leone’s 2004 Article IV Consultation, the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for Waiver of Performance Criteria. Growth prospects in the medium term are encouraging, largely based on some mining projects coming to fruition, agricultural expansion, and service-related activities. Real growth is projected in the range of between 6 percent and 7 percent in 2005–07, reflecting these activities in the country’s post-conflict phase. Inflation is expected to revert to low single digits, while the current account deficits would narrow, aided by growth in mineral exports.
The speeches made by officials attending the IMF–World Bank Annual Meetings are published in this volume, along with the press communiqués issued by the International Monetary and Financial Committee and the Development Committee at the conclusion of the meetings.
This paper assesses Benin’s 2002 Article IV Consultation, Third Review Under the Poverty Reduction and Growth Facility (PRGF), and Requests for an Extension of the PRGF Arrangement and for an Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries (HIPC). Macroeconomic performance remained broadly in line with the objectives of the PRGF-supported program in 2001. All performance criteria and structural benchmarks for end-December 2001 were met, except the benchmark on the adoption of an action plan for the privatization of the state-controlled bank.