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International Monetary Fund. African Dept.
Niger’s new Poverty Reduction Strategy (PDES) represents its overarching reference framework for the government’s development agenda. It also proposes changes in policy orientation and institutional arrangements to respond to recent developments in Niger and in the subregion. The PDES was developed in an inclusive participatory process. Overall, it provides a comprehensive analysis of development challenges and a plan to achieve accelerated sustainable growth, identifies key risks to the achievements of the objectives as well as mitigating measures.
International Monetary Fund. African Dept.

strengthened by providing a clear road map laying out specific actions and resources aimed at promoting gender sensitive outcomes. Among the PDES programs that address some of the fundamental gender inequalities is the program to achieve universal free and mandatory basic education up to the age of 16. This would not only help to close the gender gap for basic education, but would also help to raise the average age of marriage and reduce child and maternal mortality—which are often the result of the very young age of women at first childbirth. Staffs note that achievement of

International Monetary Fund. African Dept.
International Monetary Fund. African Dept.

sectors. In the medium term, the authorities’ reform efforts, combined with increased oil production and external assistance, should sustain growth at around 6 percent. Under the ECF-supported program, economic and financial policies will continue to be anchored to the PDES. Program priorities include maintaining macroeconomic stability, improving public financial and debt management, and expanding fiscal space by broadening the tax base and strengthening tax administration. The authorities remain committed to achieving the program’s fiscal targets for 2018. They

International Monetary Fund. African Dept.

consumption of the resources available to us, and a relevant reporting mechanism . Implementation of the PDES thus requires that we have an anticipatory, proactive, and innovative attitude, particularly in setting up a system of risk monitoring, follow-up, and evaluation based on a participatory (vertical and horizontal) approach capable of assessing outputs (goods and services delivered) and the extent to which sectoral effects are achieved under each of the PDES programs. It also requires that the various stakeholders demonstrate discipline and respect for the

International Monetary Fund. African Dept.

Niger understands the need to adopt a long-term strategy capable of optimizing natural and human resources to promote sustainable economic and social development and inclusive growth. The government has renewed planning efforts in the preparation of three principal strategic documents. These three strategic planning tools are complementary, and the government is committed to implementing them so that they interact with each other synergistically while ensuring dynamic linkages between short-, medium-, and long-term programs.

International Monetary Fund. African Dept.
Niger understands the need to adopt a long-term strategy capable of optimizing natural and human resources to promote sustainable economic and social development and inclusive growth. The government has renewed planning efforts in the preparation of three principal strategic documents. These three strategic planning tools are complementary, and the government is committed to implementing them so that they interact with each other synergistically while ensuring dynamic linkages between short-, medium-, and long-term programs.
International Monetary Fund. Western Hemisphere Dept.

capital spending. The external current account deficit as a percent of GDP is projected to fall to 4.8 and 4.6 percent in 2018 and 2019, respectively. 10. In the medium term, real GDP growth is projected to moderate and macro-imbalances to decline slowly . Growth is forecast to converge to its potential of 3.7 percent—as estimated by staff—reflecting limited impulse from macroeconomic policies, including weaker private investment and lower total factor productivity in the post-commodity boom period. Based on a review of the PDES program, the authorities intend to

International Monetary Fund. African Dept.
This paper discusses Niger’s Second Review Under the Extended Credit Facility (ECF) Arrangement, and Request for Modification of a Performance Criterion (PCs). With all PCs met, implementation has been satisfactory, except for the large miss of the indicative target on fiscal revenue augmentation—an important concern, considering that it is instrumental for fiscal consolidation and fiscal space to address pressing social and infrastructure needs. The indicative target on domestic arrears clearance in the first quarter of 2018 was also missed, but by less than the overperformance in 2017. The structural reform agenda is advancing, though more slowly than envisaged. The IMF staff supports the conclusion of the second review under the ECF.
International Monetary Fund. Western Hemisphere Dept.
After years of impressive growth and poverty reduction, Bolivia is facing a more challenging period. Accommodative fiscal and monetary policies combined with lower gas and minerals prices have contributed to continued large twin deficits, foreign reserve losses, and a sharp increase in public debt. External competitiveness has been negatively affected by the appreciating US dollar, high wage growth, and domestic policies that have hindered private sector investment. A definitive change in the policy stance is warranted to restore external balance, minimize a further buildup in vulnerabilities, and promote broad based growth.