Saturday, January 26, 2008

Debt Relief is working for Niger says IMF- so what?

In the landlocked Western African country of Niger, lower debt service, together with continued significant budgetary aid and higher domestic revenue mobilization, is having an impact on spending in education, health, and the rural sector, where budgetary allocations increased by 4 percent of GDP between 2002 and 2007...

Reaching the Millennium Development Goals (MDGs) by 2015 will be extremely challenging for Niger. To halve poverty by 2015, as required by the MDGs, the new Poverty Reduction Strategy for 2008-12 estimates that real GDP growth must average 7 percent. Even if aid is substantially scaled up, from about 10 percent of GDP in 2007 to about 15 percent of GDP, Niger may have difficulty achieving this high growth rate.

- Debt Relief Yields Results in Niger

Session from Davos-Call to Action on the Millennium Development Goals

Ban Ki-moon, Jose Manuel Barroso, Bono, John T. Chambers, William H. Gates III, Stefan Oschmann, Umaru Musa Yar'Adua with Gordon Brown

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