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Economic growth: the IMF forecasts 8.8% for Niger in 2024

11/11/2024
Source : ORISHAS FINANCE
Categories: Rate

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A press release from the International Monetary Fund (IMF) published last Saturday, November 9, mentions that the economic outlook is good for Niger. For this reason, the country is projected to 8.8% economic growth, or an inflation rate of

3.7%.

In Niger, the economic outlook is favorable in the short term, with growth projected at 8.8% for 2024. According to the IMF press release, this growth will be “supported by oil exports, the lifting of sanctions and a good agricultural season.” Also, the document informed that “the authorities' continued efforts to simplify the tax system and adopt a strategy for managing oil revenues are essential reforms to create fiscal space to meet development spending needs.” It is also noted that “despite a delicate context due to certain factors such as the human and material consequences of recent floods, liquidity tensions in the banking sector and tight financing conditions, a strong recovery in economic activity is expected this year”.

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