NIAMEY - The International Monetary Fund said on Monday it expected Niger to maintain economic growth in 2011 on the back of oil and mining activities in the country despite a slight contraction of agricultural output and a decline of remittances, largely due to migrant workers fleeing Libya.
"For 2011, GDP growth could reach 3.8 percent. The impact of rising global food prices on domestic inflation remained modest, given the very favorable harvest in 2010," the IMF said in a statement after an economic mission in the country.
"Oil and mining exports are projected to triple between 2011 and 2016, while total government revenue from natural resources is expected to increase by about 3.5 percent of GDP during this period," the statement said. Reuters
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