IMF, Niger Republic reach agreement on $133m financing

International Monetary Fund (IMF) on Tuesday said it has reached an agreement with Niger Republic’s government on new financing of around 133 million dollars.

It has also reached the third review of another facility that could lead to a disbursement of about 27 million dollars.

The agreement was subject to the approval of the IMF executive board, which was due to discuss it in July.

The 133 million dollars 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. (Reuters/NAN)

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Written by Tom Chiahemen

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