Economic overview Niger, in 36 editions.

About 90% of the population is engaged in farming and stock rearing, activities which generate almost half of the national income. The economy also depends heavily on exploitation of large uranium deposits. Uranium production grew rapidly in the mid-1970s, but tapered off in the early 1980s, when world prices declined. France is a major customer, while FRG, Germany, Japan, and Spain also make regular purchases. The depressed demand for uranium has contributed to an overall sluggishness in the economy, a severe trade imbalance, and a mounting external debt.

About 90% of the population is engaged in farming and stock rearing, raising,
activities which that generate almost half the national income. The economy also
depends heavily on exploitation of large uranium deposits. Uranium
production grew rapidly in the mid-1970s, but tapered off in the early 1980s, 1980s
when world prices declined. France is a major customer, while Germany,
Japan, and Spain also make regular purchases. The depressed demand for
uranium has contributed to an overall sluggishness in the economy, a severe
trade imbalance, and a mounting external debt.

Niger's Niger is one of the world's poorest countries, with GDP
growth lagging behind the rapid growth of population. The economy is
centered on subsistence agriculture, animal
husbandry, and re-export reexport
trade, and increasingly less on uranium, its
major export throughout
the 1970s and 1980s. Uranium revenues dropped
by almost 50% between
1983 and 1990. 1990 with the end of the uranium boom. Terms of trade with Nigeria,
Nigeria, Niger's largest regional trade partner, have improved dramatically
dramatically since the 50% devaluation of the African franc in January
1994; this
devaluation boosted exports of livestock, peas, onions, and the
the products of Niger's small cotton industry. The government relies on
on bilateral and multilateral aid for operating expenses and public
investment, investment and is strongly induced to adhere to structural adjustment
programs designed by the IMF and the World Bank.

Niger is one of the world's poorest countries,
with recent GDP
growth lagging behind barely matching the rapid growth of
population. The economy is
centered on subsistence agriculture,
animal husbandry, and reexport
trade, and increasingly less on
uranium, its major export throughout
the 1970s and 1980s. Uranium
revenues dropped by almost 50% between
1983 and 1990 with the end of
the uranium boom. Terms of trade with
Nigeria, Niger's largest
regional trade partner, have improved
dramatically since the 50%
devaluation of the African franc in January
1994; this devaluation
boosted exports of livestock, peas, onions, and
the products of
Niger's small cotton industry. The government relies
on bilateral
and multilateral aid for operating expenses and public
investment
and is strongly induced to adhere to structural adjustment
programs
designed by the IMF and the World Bank.

Niger is one of the world's poorest countries, a poor, landlocked Sub-Saharan nation,
with whose recent GDP growth has barely matching matched the rapid growth of
population. The economy is centered on subsistence agriculture,
animal
husbandry, and reexport trade, and increasingly less on
uranium, its
major export throughout the 1970s and 1980s. Uranium
revenues dropped by almost 50% between 1983 and 1990 with the end of
the uranium boom. Terms of trade with
Nigeria, Niger's largest
regional trade partner, have improved
dramatically since the 50%
devaluation of the African franc in January
1994; this devaluation
boosted exports of livestock, peas, onions, and
the products of
Niger's small cotton industry. The government relies
on bilateral
and multilateral aid for operating expenses and public investment
investment and is strongly induced to adhere to structural adjustment programs
programs designed by the IMF and the World Bank. The US terminated
bilateral assistance to Niger after the coup of 1996. Other donors
have reduced their aid.

Niger is a poor, landlocked Sub-Saharan nation,
whose recent GDP growth has barely matched the rapid growth of
population. The economy is centered centers on subsistence agriculture, animal
husbandry, and
reexport trade, and increasingly less on uranium, its
major export throughout
since the 1970s and 1980s. 1970s. Terms of trade with
Nigeria, Niger's largest regional
trade partner, have improved
dramatically since the 50% devaluation of
the West African franc in January
1994; this devaluation boosted
exports of livestock, peas, cowpeas, onions, and
the products of Niger's
small cotton industry. The government relies
on bilateral and
multilateral aid for operating expenses and public
investment and is
strongly induced to adhere to structural adjustment
programs designed
by the IMF and the World Bank. The US terminated
bilateral assistance
to Niger after the coup of 1996. Other donors
have reduced their aid.

Niger is a poor, landlocked Sub-Saharan nation,
whose economy centers on subsistence agriculture, animal husbandry,
reexport trade, and increasingly less on uranium, its major export
since the 1970s. Terms of trade with Nigeria, Niger's largest regional
trade partner, have improved dramatically since the The 50% devaluation of
the West African franc in
January 1994; this devaluation 1994 boosted
exports of livestock, cowpeas, onions, and the
products of Niger's
small cotton industry. The government relies on
bilateral and
multilateral aid for operating expenses and public
investment and is
strongly induced to adhere to structural
adjustment programs designed
by the IMF and the World Bank. The US terminated bilateral assistance
to Niger after the coup of 1996. Other donors have reduced their Short-term prospects depend largely on upcoming negotiations on debt
relief and extended aid.

Niger is a poor, landlocked Sub-Saharan nation,
whose economy centers on subsistence agriculture, animal husbandry,
reexport trade, and increasingly less on uranium, its major export
since the 1970s. The 50% devaluation of the West African franc in
January 1994 boosted exports of livestock, cowpeas, onions, and the
products of Niger's small cotton industry. The government relies on
bilateral and multilateral aid - which was suspended following the April 1999 coup d'etat - for operating expenses and public
investment and is strongly induced to adhere to structural
adjustment programs designed by the IMF and the World Bank.
investment. Short-term prospects depend largely on upcoming negotiations with the World Bank and the IMF on debt
relief and extended aid.

Niger is a poor, landlocked Sub-Saharan nation, whose economy centers on subsistence agriculture, animal husbandry, reexport trade, and increasingly less on uranium, its major export since the 1970s. because of declining world demand. The 50% devaluation of the West African franc in January 1994 boosted exports of livestock, cowpeas, onions, and the products of Niger's small cotton industry. The government relies on bilateral and multilateral aid - which was suspended following the April 1999 coup d'etat - for operating expenses and public investment. Short-term prospects depend on upcoming negotiations with In 2000, the World Bank and approved a structural adjustment loan of $35 million to help support fiscal reforms. However, reforms could prove difficult given the IMF on debt relief and extended aid. government's bleak financial situation.

Niger is a poor, landlocked Sub-Saharan nation, whose economy centers on subsistence agriculture, animal husbandry, reexport trade, and increasingly less on uranium, because of declining world demand. The 50% devaluation of the West African franc in January 1994 boosted exports of livestock, cowpeas, onions, and the products of Niger's small cotton industry. The government relies on bilateral and multilateral aid - which was suspended following the April 1999 coup d'etat - for operating expenses and public investment. In 2000, 2000-01, the World Bank approved a structural adjustment loan of $35 $105 million to help support fiscal reforms. However, reforms could prove difficult given the government's bleak financial situation. The IMF approved a $73 million poverty reduction and growth facility for Niger in 2000 and announced $115 million in debt relief under the Heavily Indebted Poor Countries (HIPC) initiative.

Niger is a poor, landlocked Sub-Saharan nation, whose economy centers on subsistence agriculture, animal husbandry, and reexport trade, and increasingly less on uranium, because of declining world demand. The 50% devaluation of the West African franc in January 1994 boosted exports of livestock, cowpeas, onions, and the products of Niger's small cotton industry. The government relies on bilateral and multilateral aid - which was suspended following the April 1999 coup d'etat - for operating expenses and public investment. In 2000-01, the World Bank approved a structural adjustment loan of $105 million to help support fiscal reforms. However, reforms could prove difficult given the government's bleak financial situation. The IMF approved a $73 million poverty reduction and growth facility for Niger in 2000 and announced $115 million in debt relief under the Heavily Indebted Poor Countries (HIPC) initiative. Further disbursements of aid occurred in 2002. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources.

Niger is one of the poorest countries in the world, ranking last on the United Nations Development Fund index of human development. It is a landlocked landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, a 3.3% 2.9% population growth rate, and the drop in world demand for uranium have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, it was announced that Niger had received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately $86 million USD in debts to the IMF, excluding the remaining assistance under HIPC. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Uranium prices have recovered somewhat in the last few years. A drought and locust infestation in 2005 led to food shortages for as many as 2.5 million Nigerians.

Niger is one of the poorest countries in the world, ranking last on the United Nations Development Fund index of human development. It is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, and a 2.9% population growth rate, and the drop in world demand for uranium have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, it was announced that Niger had received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately US $86 million USD in debts to the IMF, excluding the remaining assistance under HIPC. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Uranium prices have recovered somewhat increased sharply in the last few years. A drought and locust infestation in 2005 led to food shortages for as many as 2.5 million Nigerians. Nigeriens.

Niger is one of the poorest countries in the world, ranking near last on the United Nations Development Fund index of human development. It is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, and a 2.9% population growth rate, have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately US $86 million in debts to the IMF, excluding the remaining assistance under HIPC. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Uranium prices have increased sharply in the last few years. A drought and locust infestation in 2005 led to food shortages for as many as 2.5 million Nigeriens.

Niger is one of the poorest countries in the world, ranking near last on the United Nations Development Fund index of human development. It is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, desertification, and a 2.9% strong population growth rate, have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately US $86 million in debts to the IMF, excluding the remaining assistance under HIPC. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Uranium prices have increased sharply in the last few years. A drought and locust infestation in 2005 led to food shortages for as many as 2.5 million Nigeriens.

Niger is one of the poorest countries in the world, ranking near last on the United Nations Development Fund index of human development. It is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Drought cycles, Drought, desertification, and strong population growth have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately US $86 million in debts to the IMF, excluding the remaining assistance under HIPC. In 2010, the Niger economy was recovering from the effects of a 2009 drought that reduced grain and cowpea production and decimated livestock herds. The economy was also hurt when the international community cut off non-humanitarian aid in response to TANDJA's moves to extend his term as president. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Uranium prices have increased sharply in the last few years. A drought and locust infestation in 2005 led to food shortages for as many as 2.5 million Nigeriens.

Niger is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Niger also has sizable reserves of oil, and oil production, refining, and exports are expected to grow significantly between 2011 and 2016. Drought, desertification, and strong population growth have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translates into the forgiveness of approximately US $86 million in debts to the IMF, excluding the remaining assistance under HIPC. In 2010, the Niger economy was recovering from the effects of a 2009 drought that reduced grain and cowpea production and decimated livestock herds. The economy was also hurt when the international community cut off non-humanitarian aid in response to TANDJA's moves to extend his term as president. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources.

Niger is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes about 40% of GDP and provides livelihood for about 90% of the population. Niger also has sizable reserves of oil, and oil production, refining, and exports are expected to grow significantly between 2011 and 2016. Drought, desertification, and strong population growth have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative significantly reduces reduced Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translates translated into the forgiveness of approximately US $86 US$86 million in debts to the IMF, excluding the remaining assistance under HIPC. In 2010, the Niger economy was recovering from the effects of a 2009 drought that reduced grain and cowpea production and decimated livestock herds. The economy was also hurt when the international community cut off non-humanitarian aid in response to TANDJA's moves to extend his term as president. Nearly half of the government's budget is derived from foreign donor resources. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. The government, however, has made efforts to secure a new three-year extended credit facility with the IMF following the one that completed in 2011. Oil revenue to the government has fallen well short of its budgeted level. Strikes risk undermining political stability. Food security remains a problem in Niger and is exacerbated by refugees from Mali.

Niger is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes about 40% one-third of GDP and provides livelihood for about 90% nine-tenths of the population. Niger also has sizable reserves of oil, and oil production, refining, and exports are expected to grow significantly between 2011 and 2016. Drought, desertification, and strong population growth have undercut the economy. Niger shares a common currency, the CFA franc, and a common central bank, the Central Bank of West African States (BCEAO), with seven other members of the West African Monetary Union. In December 2000, Niger qualified for enhanced debt relief under the International Monetary Fund program for Highly Indebted Poor Countries (HIPC) and concluded an agreement with the Fund on a Poverty Reduction and Growth Facility (PRGF). Debt relief provided under the enhanced HIPC initiative has significantly reduced Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, and other programs geared at poverty reduction. In December 2005, Niger received 100% multilateral debt relief from the IMF, which translated into the forgiveness of approximately US$86 million in debts to the IMF, excluding the remaining assistance under HIPC. The economy was hurt when the international community cut off non-humanitarian aid in response to TANDJA's moves to extend his term as president. Nearly half of the government's budget is derived from foreign donor resources. The economy in recent years has been hurt by terrorist activity and kidnappings near its uranium mines and instability in Mali. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. The government, however, Niger has made efforts to secure a new three-year extended credit facility with the IMF following the one that completed sizable reserves of oil and oil production, which began in 2011. Oil revenue 2012, along with refining, and exports are expected to the government has grow through 2016. However, oil revenues have fallen well short of its budgeted level. Strikes risk undermining political stability. predictions, mainly because of logistical challenges. Food security remains a problem in Niger insecurity and is exacerbated drought remain perennial problems for Niger. The mining sector may be affected by refugees from Mali. the government’s attempt to renegotiate extraction rights contracts.

Niger is a landlocked, Sub-Saharan sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes about one-third nearly 40% of GDP and provides livelihood for about nine-tenths most of the population. Drought, desertification, and strong population growth have undercut the economy. The UN ranked Niger shares a common currency, as the CFA franc, and a common central bank, least developed country in the Central Bank of West African States (BCEAO), with seven other members world in 2014 due to multiple factors such as food insecurity, lack of the West African Monetary Union. Debt relief has significantly reduced Niger's annual debt service obligations, freeing funds for expenditures on basic health care, primary education, HIV/AIDS prevention, rural infrastructure, industry, high population growth, a weak educational sector, and other programs geared at poverty reduction. Nearly half few prospects for work outside of the government's budget is derived subsistence farming and herding. Since 2011 public debt has increased in part from a large loan financing a new uranium mine. The government relies on foreign donor resources. resources for a large portion of its fiscal budget. The economy in recent years has been hurt by terrorist activity and kidnappings near its uranium mines and instability in Mali. Mali, and concerns about security have boosted fiscal spending on defense. Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Niger has sizable reserves of oil and oil production, which began in 2012, along with refining, and exports are expected to grow through 2016. However, oil revenues have fallen well short of predictions, mainly because of logistical challenges. production. Food insecurity and drought remain perennial problems for Niger. Niger, and the government plans to invest more in the agriculture sector, most notably irrigation. The mining sector may be affected by the government’s attempt to renegotiate extraction rights contracts. contracts to increase royalty rates and reduce tax exemptions. Despite Niger’s three-year $121 million IMF Extended Credit Facility agreement for years 2012-15, formal private sector investment needed for economic diversification and growth remains a challenge, given the country’s limited domestic markets, access to credit, and competitiveness.

Niger is a landlocked, sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes nearly 40% of GDP and provides livelihood for most of the population. The UN ranked Niger as the least developed country in the world in 2014 2015 due to multiple factors such as food insecurity, lack of industry, high population growth, a weak educational sector, and few prospects for work outside of subsistence farming and herding.
Since 2011 public debt has increased in part from a large loan financing a new uranium mine. due to efforts to scale-up public investment, particularly that related to infrastructure. The government relies on foreign donor resources for a large portion of its fiscal budget. The economy in recent years has been hurt by terrorist activity and kidnappings near its uranium mines and by instability in Mali, Mali and in the Diffa region of the country; concerns about security have boosted fiscal spending resulted in increased support from regional and international partners on defense. Low uranium prices, demographics, and security expenditures may continue to put pressure on the government’s finances.
Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Although Niger has sizable reserves of oil and oil, the profitability of these commodities has been called in to question due to the prolonged drop in oil production. prices. Food insecurity and drought remain perennial problems for Niger, and the government plans to invest a little more in the agriculture sector, most notably irrigation. The mining sector may be affected by the government’s attempt to renegotiate extraction rights contracts to increase royalty rates and reduce tax exemptions. Despite Niger’s three-year $121 $131 million IMF Extended Credit Facility agreement for years 2012-15, 2012-15 was extended until the end of 2016, although formal private sector investment needed for economic diversification and growth remains a challenge, given the country’s limited domestic markets, access to credit, and competitiveness.

Niger is a landlocked, sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes nearly 40% approximately 25% of GDP and provides livelihood for most 87% of the population. The UN ranked Niger as the second least developed country in the world in 2015 2016 due to multiple factors such as food insecurity, lack of industry, high population growth, a weak educational sector, and few prospects for work outside of subsistence farming and herding.
Since 2011 public debt has increased due to efforts to scale-up public investment, particularly that related to infrastructure. infrastructure, as well as due to increased security spending. The government relies on foreign donor resources for a large portion of its fiscal budget. The economy in recent years has been hurt by terrorist activity and kidnappings near its uranium mines and by instability in Mali and in the Diffa region of the country; concerns about security have resulted in increased support from regional and international partners on defense. Low uranium prices, demographics, and security expenditures may continue to put pressure on the government’s finances.
Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. Although Niger has sizable reserves of oil, the profitability of these commodities has been called in to question due to the prolonged drop in oil prices. prices has reduced profitability. Food insecurity and drought remain perennial problems for Niger, and the government plans to invest a little more in the agriculture sector, most notably irrigation. Niger’s three-year $131 million IMF Extended Credit Facility (ECF) agreement for the years 2012-15 was extended until the end of 2016, although formal 2016. In February 2017, the IMF approved a new 3-year $134 million ECF. A $437 million Millennium Challenge Account compact for Niger, commencing in FY17, will focus on large-scale irrigation infrastructure development and community-based, climate-resilient agriculture, while promoting sustainable increases in agricultural productivity and sales.
Formal private sector investment needed for economic diversification and growth remains a challenge, given the country’s limited domestic markets, access to credit, and competitiveness. Although President ISSOUFOU is courting foreign investors, including those from the US, as of April 2017, there were no US firms operating in Niger.

Niger is a landlocked, sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes approximately 25% 40% of GDP and provides livelihood for 87% over 80% of the population. The UN ranked Niger as the second least developed country in the world in 2016 due to multiple factors such as food insecurity, lack of industry, high population growth, a weak educational sector, and few prospects for work outside of subsistence farming and herding.
Since 2011 public debt has increased due to efforts to scale-up public investment, particularly that related to infrastructure, as well as due to increased security spending. The government relies on foreign donor resources for a large portion of its fiscal budget. The economy in recent years has been hurt by terrorist activity and kidnappings near its uranium mines and by instability in Mali and in the Diffa region of the country; concerns about security have resulted in increased support from regional and international partners on defense. Low uranium prices, demographics, and security expenditures may continue to put pressure on the government’s finances.
Future growth may be sustained by exploitation The Government of Niger plans to exploit oil, gold, coal, and other mineral resources. resources to sustain future growth. Although Niger has sizable reserves of oil, the prolonged drop in oil prices has reduced profitability. Food insecurity and drought remain perennial problems for Niger, and the government plans to invest more in irrigation. Niger’s three-year $131 million IMF Extended Credit Facility (ECF) agreement for the years 2012-15 was extended until the end of 2016. In February 2017, the IMF approved a new 3-year $134 million ECF. In June 2017, The World Bank’s International Development Association (IDA) granted Niger $1 billion over three years for IDA18, a program to boost the country’s development and alleviate poverty. A $437 million Millennium Challenge Account compact for Niger, commencing in FY17, FY18, will focus on large-scale irrigation infrastructure development and community-based, climate-resilient agriculture, while promoting sustainable increases in agricultural productivity and sales.
Formal private sector investment needed for economic diversification and growth remains a challenge, given the country’s limited domestic markets, access to credit, and competitiveness. Although President ISSOUFOU is courting foreign investors, including those from the US, as of April 2017, there were no US firms operating in Niger. In November 2017, the National Assembly passed the 2018 Finance Law that was geared towards raising government revenues and moving away from international support.

Niger is a landlocked, sub-Saharan Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes approximately 40% of GDP and provides livelihood for over 80% of the population. The UN ranked Niger as the second least developed country in the world in 2016 due to multiple factors such as food insecurity, lack of industry, high population growth, a weak educational sector, and few prospects for work outside of subsistence farming and herding. Since 2011 public debt has increased due to efforts to scale-up public investment, particularly that related to infrastructure, as well as due to increased security spending. The government relies on foreign donor resources for a large portion of its fiscal budget. The economy in recent years has been hurt by terrorist activity near its uranium mines and by instability in Mali and in the Diffa region of the country; concerns about security have resulted in increased support from regional and international partners on defense. Low uranium prices, demographics, and security expenditures may continue to put pressure on the government’s finances. The Government of Niger plans to exploit oil, gold, coal, and other mineral resources to sustain future growth. Although Niger has sizable reserves of oil, the prolonged drop in oil prices has reduced profitability. Food insecurity and drought remain perennial problems for Niger, and the government plans to invest more in irrigation. Niger’s three-year $131 million IMF Extended Credit Facility (ECF) agreement for the years 2012-15 was extended until the end of 2016. In February 2017, the IMF approved a new 3-year $134 million ECF. In June 2017, The World Bank’s International Development Association (IDA) granted Niger $1 billion over three years for IDA18, a program to boost the country’s development and alleviate poverty. A $437 million Millennium Challenge Account compact for Niger, commencing in FY18, will focus on large-scale irrigation infrastructure development and community-based, climate-resilient agriculture, while promoting sustainable increases in agricultural productivity and sales. Formal private sector investment needed for economic diversification and growth remains a challenge, given the country’s limited domestic markets, access to credit, and competitiveness. Although President ISSOUFOU is courting foreign investors, including those from the US, as of April 2017, there were no US firms operating in Niger. In November 2017, the National Assembly passed the 2018 Finance Law that was geared towards raising government revenues and moving away from international support.

Niger is a landlocked, Sub-Saharan nation, whose economy centers on subsistence crops, livestock, and some of the world's largest uranium deposits. Agriculture contributes approximately 40% of GDP and provides livelihood for over 80% of the population. The UN ranked Niger as the second least developed country in the world in 2016 due to multiple factors such as food insecurity, lack of industry, high population growth, a weak educational sector, and few prospects for work outside of subsistence farming and herding.
Since 2011 public debt has increased due to efforts to scale-up public investment, particularly that related to infrastructure, as well as due to increased security spending. The government relies on foreign donor resources for a large portion of its fiscal budget. The economy in recent years has been hurt by terrorist activity near its uranium mines and by instability in Mali and in the Diffa region of the country; concerns about security have resulted in increased support from regional and international partners on defense. Low uranium prices, demographics, and security expenditures may continue to put pressure on the government’s finances.
The Government of Niger plans to exploit oil, gold, coal, and other mineral resources to sustain future growth. Although Niger has sizable reserves of oil, the prolonged drop in oil prices has reduced profitability. Food insecurity and drought remain perennial problems for Niger, and the government plans to invest more in irrigation. Niger’s three-year $131 million IMF Extended Credit Facility (ECF) agreement for the years 2012-15 was extended until the end of 2016. In February 2017, the IMF approved a new 3-year $134 million ECF. In June 2017, The World Bank’s International Development Association (IDA) granted Niger $1 billion over three years for IDA18, a program to boost the country’s development and alleviate poverty. A $437 million Millennium Challenge Account compact for Niger, commencing in FY18, will focus on large-scale irrigation infrastructure development and community-based, climate-resilient agriculture, while promoting sustainable increases in agricultural productivity and sales.
Formal private sector investment needed for economic diversification and growth remains a challenge, given the country’s limited domestic markets, access to credit, and competitiveness. Although President ISSOUFOU is courting foreign investors, including those from the US, as of April 2017, there were no US firms operating in Niger. In November 2017, the National Assembly passed the 2018 Finance Law that was geared towards raising government revenues and moving away from international support.