Economy

Title: IMF Monitoring Developments in Niger and Has Not Disbursed Loan

Title: IMF Monitoring Developments in Niger and Has Not Disbursed Loan

The International Monetary Fund (IMF) stated today, Monday, that it "continues to closely monitor the political developments in Niger following the military council's seizure of power and has not yet disbursed a loan of $131.5 million that was approved for the West African nation on July 5." However, an IMF spokesperson mentioned that "the international financial institution disbursed $26.5 million regarding the approval in July for the review of the extended credit facility loan to Niger for three years. However, it has not disbursed the $131.5 million resilience and sustainability facility loan under the regular procedures followed by the IMF regarding loans." The due date for both loans is June 7, 2025. So far, Niger has received approximately $184 million from the extended credit facility loan, which totals $275.8 million.

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