IMF and Niger reach staff agreement on new $133 million financing
2023.05.09 04:52
© Reuters. FILE PHOTO: A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, U.S., May 10, 2018. REUTERS/Yuri Gripas
JOHANNESBURG (Reuters) – International Monetary Fund staff have reached agreement with Niger’s government on new financing of around $133 million and the third review of another facility that could lead to a disbursement of about $27 million, the IMF said on Tuesday.
The agreement is subject to the approval of the IMF executive board, which is due to discuss it in July.
The $133 million funding, under the IMF’s Resilience and Sustainability Facility, is to support structural reform efforts and investments to address rising risks associated with climate change.
The latest review of Niger’s three-year Extended Credit Facility should release funds to help cover its external financing needs.
