France helps Niger bolster economy after IMF deal

France's AFD aid agency has granted Niger 4.0 billion CFA francs ($5.5 million) to help rebuild its economy and public finances, official sources said.

The grant, agreed on Tuesday, follows Niger's renewal of relations with the International Monetary Fund.The IMF approved a $76 million Poverty Reduction and Growth Facility on December 14.The French funding will be used in part to pay off Niger's arrears to the African Development Bank to allow the bank to restart development projects.

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