Niger - The economy

R ESTR I CTE D Report No. AF- 16a This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION THE ECONOMY OF NIGER January 21, 1964 Department of Operations - Africa  CURRENCY EQUIVALENTS Unit: Franc de la Communaute Financiere Africaine (CFA franc) 1 CFA franc = U. S. $0. 004 247 CFA francs = U.S. $1 1 million CFA francs = U. S. $4, 051 U. S. $1 million = 247 million CFA francs  THE ECONOIHY OF NIGER BASIC DATA DiAP SUI'IARY AND CONCLUSIONS Page I. INTRODUCTION ............................................. 1 II. POLITICAL BACKGROU-iJ .................................... 2 III. THE ECOKONIY ..........................., 3 (a) Production .................... 3 (i) Agriculture .................... 5 (ii) Livestock .................... 6 (iii) i-4ining and Industry ........................... (b) B?sic Services ...................................... 9 (i) Transport and Telecommunications .............. 9 (ii) Potrer ......................................... 10 (iii) Health and Education .......................... ll (c) Internal Finance .................................... 12 (i) The Budget .................................... 12 (ii) Investment .................................... 14 (iii) Money and Credit .............................. 15 (d) Trade and Payments .................................. 16 IV. PROSPECTS ATD CCOCLUSIONS ................................ 18 STATISTICAL APPENDIX  BASIC DATA Area: 490,000 square miles Population: 3.0 r<iillion approximately Gross Domestic Product (1961): U.S. $206 million equivalent Gross Domestic Product Per Head (1961): U.S. $'70 equivalent at current exchange rate. External Trade 1960 1961 1962 (in millirn U. S; ,$ equivalef-nV Exports Total 12.4 15.2 17.6 France 8.8 12.0 11.2 Nigeria 2.lI. 2. 4 3.6 Imports Total 12.8 16.8 27.2 France 6.o 8.8 14.4 Migeria 3.2 2.4 2.0 Balance Total -0. 4 -1.6 -9.6 France +2.8 +4.8 -3.2 Nigeria -0.8 - +1.6 Public Finance 1961 1963 1964 Actual Estimate Estinmate (in m