Niger is congratulated by the IMF for reforms and forecasts economic growth of 8.8% in 2024 and 7.9% in 2025

Niger is expected to grow by 8.8% by the end of this year, with a growth forecast of 7.9% for 2025.

Newstimehub

Newstimehub

27 Nov, 2024

Niger is expected to grow by 8.8% by the end of this year, with a growth forecast of 7.9% for 2025.

This optimistic forecast was confirmed following a meeting between the IMF Executive Director for Niger, Ouattara Wautabouna, and Prime Minister Ali Mahaman Lamine Zeine. The IMF once again reaffirmed its ongoing support for Niger’s economic and social development efforts, welcoming the country’s economic reforms and expressing its desire to continue supporting development projects.

During this meeting, Prime Minister and Minister of Finance, Mr. Ali Mahaman Lamine Zeine, welcomed IMF Executive Director for Niger, Mr. Ouattara Wautabouna, in the presence of several government members, including the Minister of Foreign Affairs, Mr. Bakary Yaou Sangaré, and the Minister of Finance, Mr. Moumouni Boubacar Saidou.

Mr. Ouattara, who represents 14 West African countries at the IMF, thanked the Prime Minister, highlighting the unanimous support he received for his position at the IMF. “We came to thank and review the various programs we have with the IMF, including the Credit Addition Facility and the Resilience and Sustainability Facility,” he stated, emphasizing the constructive nature of the discussions.

The highlight of this meeting was the presentation of promising economic expectations for Niger. Mr. Ouattara said, “Niger is expected to grow by 8.8% by the end of this year, with a growth forecast of 7.9% for 2025.” These projections show positive momentum despite global challenges.

Thus, the IMF positions itself as a strategic partner for Niger, particularly through its support for various economic programs. Mr. Ouattara assured that IMF Managing Director, Ms. Kristalina Georgieva, appreciates the efforts undertaken by the Nigerien government and reaffirmed the international institution’s commitment to playing an active role in helping the country achieve its economic and social development goals. “We will continue to support Niger so that its reforms translate into tangible results for its people,” he said.