Niger - 2004 Article IV Consultation, Sixth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waiver of Performance Criterion, and Ex Post Assessment of Performance Under IMF-Supported Programs-Staff Re (Electronic book text)

Nigeria entered the crisis from a position of strength because of reforms initiated earlier this decade. The crisis has nonetheless had a significant impact on the economy. Lower oil prices have put pressure on the fiscal and external accounts. The banking system has been pressured by deteriorating asset quality.