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IMF agrees $150 million credit facility with Niger

By Boureima Balima
Posted on Friday, 15 July 2016 06:00

“Niger continues to record key progress in the implementation of its programme,” Saidou Sidibe said in a statement.

Niger, a main supplier of uranium to French nuclear power plants, has suffered a double economic hit over the years from insecurity at the hands of Islamist Boko Haram militants operating in its southeast and poor harvests caused by erratic weather.

The IMF expects the economy to grow 5.2 percent this year, after some improvemens in agriculture, oil and mining. The land-locked West African nation is currently ranked bottom of the U.N. Human Development Index out of 188 countries.

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