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% of GDP and provides livelihood for 87% 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.

Future growth may be sustained by exploitation of oil, gold, coal, and other mineral resources. 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 years 2012-15 was extended until the end of 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.

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