Offering a breakdown of the country’s debt situation, the Prime Minister declared that Niger’s external debt has now surged to 3.200 billion CFA francs, marking a substantial rise compared to the less than 300 billion CFA francs it possessed in 2010.
Just as Niger is contending with its internal political stability, it is also confronting the challenge of a growing debt burden. On Monday, September 4, 2023, Ali Lamine Zeine, the Prime Minister of Niger’s transitional government, revealed that the nation’s total debt has reached 5.200 billion CFA francs.
Confronted with this challenging situation, Niger’s new government is exploring two potential solutions. The first, as highlighted by the Head of Government, involves amending the finance law, currently in the preparation stage, to accommodate new requirements and pave the way for the 2024 finance law.
