FINANCIAL SECTOR TECHNICAL ASSISTANCE PROJECT

Abstract*

The global objective of the project is to improve the efficiency of the Niger financial system so that it can fulfill its important role of contributing to growth and poverty reduction. The project has the following six components: Component 1) a favorable environment within which financial institutions operate is a necessary condition for a successful restructuring of the financial sector. Two areas have been identified as retarding factors in the... Show More

Development Objective

The global objective of the project is to improve the efficiency, reach and depth of the Niger financial system so that it can fulfill its important role of contributing to growth and poverty reduction. A healthy and developed financial sector is an important contributor to economic growth and macrostability, through the provision of payment mechanisms, through savings mobilization and the supply of financial instruments for consumption and investment.

Key Details

Project Details

Project ID
P074316
Status
Closed
Team Leader
Korotoumou Ouattara
Borrower 2
N/A

Country
Niger
Disclosure Date
November 22, 2002
Approval Date
(as of board presentation)
February 19, 2004
Effective Date
August 26, 2004

Total Project Cost 1
US$ 25.42 million
Implementing Agency
N/A
Region
Western and Central Africa
Fiscal Year 3
2004

Commitment Amount
US$ 14.80 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2010

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Infrastructure and Access33%
- FY17 - Credit Infrastructure33%

FY17 - Public Sector Management

FY17 - Public Administration17%
- FY17 - State-owned Enterprise Reform and Privatization17%
FY17 - Rule of Law17%
- FY17 - Legal Institutions for a Market Economy17%

FY17 - Social Development and Protection

FY17 - Social Protection16%
- FY17 - Social Insurance and Pensions16%

FY17 - Urban and Rural Development

FY17 - Rural Development17%
- FY17 - Rural Markets17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	14.80
Borrower/Recipient	9.82
Foreign Private Commercial Sources (unidentified)	0.80

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	14.80
IBRD + IDA Commitment	14.80

Lending Instrument
Grant Amount	N/A
Total Project Cost**	25.42

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Jan 15, 2023	IDA-38560	Loan Repay	790.82
Jan 15, 2023	IDA-38560	Int Charges	33,334.96
Jan 15, 2023	IDA-38560	Int Charges	33,334.96
Jul 15, 2018	IDA-38560	Int Charges	37,404.18
Jul 15, 2018	IDA-38560	Loan Repay	2,844.22
Jul 15, 2018	IDA-38560	Loan Repay	108,511.74
Jan 15, 2018	IDA-38560	Loan Repay	5,144.61
Jan 15, 2018	IDA-38560	Loan Repay	43.49
Jan 30, 2018	IDA-38560	Int Charges	7.22
Jan 30, 2018	IDA-38560	Int Charges	7.22
Jan 30, 2018	IDA-38560	Int Charges	40,308.22
Jan 30, 2018	IDA-38560	Int Charges	40,308.22
Jan 30, 2018	IDA-38560	Loan Repay	110,310.59
Jul 19, 2021	IDA-38560	Loan Repay	111,877.27
Jul 19, 2021	IDA-38560	Int Charges	6.71
Jul 19, 2021	IDA-38560	Int Charges	6.71
Jul 19, 2021	IDA-38560	Int Charges	34,062.69
Jul 19, 2021	IDA-38560	Int Charges	34,062.69
Jan 15, 2021	IDA-38560	Loan Repay	5,566.96
Jan 18, 2021	IDA-38560	Loan Repay	108,839.79
Jan 18, 2021	IDA-38560	Int Charges	11.85
Jan 18, 2021	IDA-38560	Int Charges	11.85
Jan 18, 2021	IDA-38560	Int Charges	37,325.20
Jan 18, 2021	IDA-38560	Int Charges	37,325.20
Jul 15, 2020	IDA-38560	Loan Repay	429.43
Jul 20, 2020	IDA-38560	Loan Repay	110,006.75
Jul 20, 2020	IDA-38560	Int Charges	4.59
Jul 20, 2020	IDA-38560	Int Charges	4.59
Jul 20, 2020	IDA-38560	Int Charges	36,443.95
Jul 20, 2020	IDA-38560	Int Charges	36,443.95
Jan 15, 2020	IDA-38560	Loan Repay	349.79
Jan 17, 2020	IDA-38560	Loan Repay	109,308.24
Jan 17, 2020	IDA-38560	Int Charges	2.29
Jan 17, 2020	IDA-38560	Int Charges	2.29
Jan 17, 2020	IDA-38560	Int Charges	36,598.29
Jan 17, 2020	IDA-38560	Int Charges	36,598.29
Jul 16, 2019	IDA-38560	Int Charges	37,031.20
Jul 16, 2019	IDA-38560	Int Charges	37,031.20
Jul 16, 2019	IDA-38560	Int Charges	144.40
Jul 16, 2019	IDA-38560	Int Charges	144.40
Jan 15, 2022	IDA-38560	Int Charges	9.24
Jan 15, 2022	IDA-38560	Int Charges	2,307.15
Jan 15, 2022	IDA-38560	Int Charges	2,307.15
Jan 15, 2022	IDA-38560	Loan Repay	35,578.42
Jan 15, 2022	IDA-38560	Int Charges	35,347.91
Jan 15, 2022	IDA-38560	Int Charges	9.24
Jan 15, 2022	IDA-38560	Int Charges	35,347.91
Jan 15, 2022	IDA-38560	Loan Repay	76,246.95
Jul 15, 2022	IDA-38560	Loan Repay	1,918.77
Jul 15, 2022	IDA-38560	Int Charges	275.65
Jul 15, 2022	IDA-38560	Int Charges	275.65
Jul 15, 2022	IDA-38560	Loan Repay	102,075.89
Jul 15, 2022	IDA-38560	Int Charges	30,593.26
Jul 15, 2022	IDA-38560	Int Charges	30,593.26
Jul 15, 2021	IDA-38560	Loan Repay	965.04
Feb 19, 2004	IDA-38560	Loan Commitment	14,800,000.00
Apr 30, 2024	IDA-38560	Int Charges	30,943.22
Apr 30, 2024	IDA-38560	Int Charges	30,943.22
Apr 30, 2024	IDA-38560	Loan Repay	101,664.07
Jan 15, 2024	IDA-38560	Loan Repay	3,056.71
Aug 8, 2024	IDA-38560	Loan Repay	179,944.58
Aug 8, 2024	IDA-38560	Int Charges	225.18
Aug 8, 2024	IDA-38560	Int Charges	225.18
Aug 8, 2024	IDA-38560	Int Charges	31,799.34
Aug 8, 2024	IDA-38560	Int Charges	31,799.34
Aug 8, 2024	IDA-38560	Int Charges	863.88
Aug 8, 2024	IDA-38560	Int Charges	863.88
Jan 21, 2015	IDA-38560	Int Charges	16.43
Jan 21, 2015	IDA-38560	Int Charges	16.43
Jan 21, 2015	IDA-38560	Int Charges	35,449.21
Jan 21, 2015	IDA-38560	Int Charges	35,449.21
Jan 21, 2015	IDA-38560	Int Charges	1,631.20
Jan 21, 2015	IDA-38560	Int Charges	1,631.20
Jul 22, 2014	IDA-38560	Loan Repay	122,043.21
Jul 22, 2014	IDA-38560	Int Charges	44,068.85
Jul 22, 2014	IDA-38560	Int Charges	44,068.85
Jan 21, 2015	IDA-38560	Loan Repay	112,822.98
Jul 15, 2014	IDA-38560	Loan Repay	187.06
Jan 15, 2014	IDA-38560	Int Charges	478.20
Jan 15, 2014	IDA-38560	Int Charges	478.20
Jan 21, 2014	IDA-38560	Int Charges	45,084.40
Jan 21, 2014	IDA-38560	Int Charges	45,084.40
Jul 15, 2013	IDA-38560	Int Charges	1,689.11
Jul 15, 2013	IDA-38560	Int Charges	1,689.11
Jul 16, 2013	IDA-38560	Int Charges	43,104.80
Jul 16, 2013	IDA-38560	Int Charges	43,104.80
Jul 29, 2016	IDA-38560	Int Charges	38,607.83
Jul 29, 2016	IDA-38560	Loan Repay	109,222.49
Jul 29, 2016	IDA-38560	Int Charges	9.22
Jan 19, 2016	IDA-38560	Int Charges	29.70
Jan 19, 2016	IDA-38560	Int Charges	29.70
Jan 19, 2016	IDA-38560	Int Charges	39,891.50
Jan 19, 2016	IDA-38560	Int Charges	39,891.50
Jan 19, 2016	IDA-38560	Int Charges	2,491.75
Jan 19, 2016	IDA-38560	Int Charges	2,491.75
Jan 19, 2016	IDA-38560	Loan Repay	109,667.34
Jul 28, 2015	IDA-38560	Int Charges	6,331.74
Jul 28, 2015	IDA-38560	Int Charges	6,331.74
Jul 28, 2015	IDA-38560	Loan Repay	110,989.80
Jul 28, 2015	IDA-38560	Int Charges	13.88
Jul 28, 2015	IDA-38560	Int Charges	13.88
Jul 28, 2015	IDA-38560	Int Charges	38,266.97
Jul 28, 2015	IDA-38560	Int Charges	38,266.97
Jul 18, 2017	IDA-38560	Int Charges	365.73
Jul 18, 2017	IDA-38560	Int Charges	365.73
Jul 18, 2017	IDA-38560	Loan Repay	111,069.23
Jul 18, 2017	IDA-38560	Int Charges	39,151.90
Jul 18, 2017	IDA-38560	Int Charges	39,151.90
Jan 15, 2017	IDA-38560	Int Charges	30.90
Jan 15, 2017	IDA-38560	Int Charges	30.90
Jan 15, 2017	IDA-38560	Int Charges	18,145.96
Jan 15, 2017	IDA-38560	Int Charges	18,145.96
Jan 15, 2017	IDA-38560	Int Charges	1,196.80
Jan 15, 2017	IDA-38560	Int Charges	1,196.80
Jan 15, 2017	IDA-38560	Loan Repay	107,325.83
Jan 20, 2017	IDA-38560	Int Charges	19,766.84
Jan 20, 2017	IDA-38560	Int Charges	19,766.84
Jul 15, 2016	IDA-38560	Loan Repay	1,450.16
Aug 8, 2024	IDA-38560	Loan Repay	32,051.03
Jul 15, 2023	IDA-38560	Loan Repay	105,595.73
Jul 15, 2023	IDA-38560	Int Charges	4,385.48
Jul 15, 2023	IDA-38560	Int Charges	4,385.48
Jul 15, 2023	IDA-38560	Int Charges	28,696.85
Jul 15, 2023	IDA-38560	Int Charges	28,696.85
Jul 15, 2023	IDA-38560	Loan Repay	1,989.03
Jan 15, 2023	IDA-38560	Loan Repay	106,309.44
Jan 15, 2023	IDA-38560	Int Charges	2,229.70
Jan 15, 2023	IDA-38560	Int Charges	2,229.70
Jul 29, 2016	IDA-38560	Int Charges	9.22
Jul 29, 2016	IDA-38560	Int Charges	38,607.83
Jul 16, 2019	IDA-38560	Loan Repay	109,722.14
Jul 16, 2019	IDA-38560	Int Charges	6.87
Jul 16, 2019	IDA-38560	Int Charges	6.87
Jan 18, 2019	IDA-38560	Int Charges	37,616.33
Jan 18, 2019	IDA-38560	Int Charges	37,616.33
Jan 18, 2019	IDA-38560	Int Charges	1,007.27
Jan 18, 2019	IDA-38560	Int Charges	1,007.27
Jan 18, 2019	IDA-38560	Loan Repay	110,657.79
Jul 15, 2018	IDA-38560	Int Charges	33.21
Jul 15, 2018	IDA-38560	Int Charges	33.21
Jul 15, 2018	IDA-38560	Int Charges	37,404.18

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Procurement	Moderately Satisfactory	2011-01-04
Financial Management	Moderately Satisfactory	2011-01-04
Monitoring and Evaluation	Moderately Unsatisfactory	2011-01-04
Progress towards achievement of PDO	Moderately Unsatisfactory	2011-01-04
Project Management	Moderately Satisfactory	2011-01-04
Counterpart Funding	Moderately Satisfactory	2011-01-04
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2011-01-04

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-30-2011
Outcomes	Moderately Unsatisfactory
Risk to Development Outcome	High
Bank Performance	Moderately Unsatisfactory
Borrower Performance	Unsatisfactory
Government Performance	Unsatisfactory
Implementing Agency	Moderately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-21-2011	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Unsatisfactory	N/a
Risk To Development Outcome	High	N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance	Unsatisfactory	N/a
Government Performance	Unsatisfactory	N/a
Implementing Agency	Unsatisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Negligible	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Cost of financial intermediation (spread between lending rate and deposit rate) reduced.	Value	8.9%	8.3%	8%
	Date	October 31, 2001	December 31, 2008	December 31, 2010
	Comment		Latest available information. End of project target likely to be achieved.

Financial depth (M2/GDP) increases Value 15.82% 21.86% 18%
Date October 31, 2004 June 30, 2010 December 31, 2010
Comment End of project target met and exceeded.
Share of private sector credit to GDP increases Value 6.85% 14.03% 13%
Date December 31, 2004 September 30, 2010 December 31, 2010
Comment End of project target met.

Efficiency of banks (Profit/loan portfolio) increases	Value	10.5%	10.9%	12%
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available information. End of project target likely to be met.

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

The Civil and commercial procedures code amended based on the 2007 study on justice and financial institutions and cost of enforcing contracts (% claim) decreases	Value	42.0%	59.6%	40%
	Date	December 31, 2004	December 31, 2009	December 31, 2010
	Comment		Doing Business report data. End of project target unlikely to be met.

Cost of registering property (% of property value) decreases	Value	12.5%	11.0%	10%
	Date	December 31, 2004	December 31, 2009	December 31, 2010
	Comment		Doing Business report data. End of project Target unlikely to be met.

CDN housing loans to clients increase	Value	CFAF 257 million	CFAF 257 million	FCFA 295 million
	Date	December 31, 2004	December 31, 2009	December 31, 2010
	Comment		Baseline data. Target not met. CDN not operational. Privatization process failed. Selected majority shareholder was unabletoobtain from a license to operate.

Number of annual supervision missions conducted by the supervisory agency increases	Value	0	14	6
	Date	October 31, 2001	November 30, 2010	December 31, 2010
	Comment		ARSM data. End of project target met and exceeded.

Total number of MFI clients/members increases Value 124,177 400,754 300,000
Date December 31, 2004 December 31, 2008 December 31, 2010
Comment Latest available data. End of project target met and exceeded.
Number of female MFI clients/members increases Value 62,172 231860.00 170,000
Date December 31, 2004 December 31, 2008 December 31, 2010
Comment Latest available data. End of project target met and exceeded.

Value of deposit (current and savings) accounts at MFIs increases	Value	CFAF 3,389.62 million	CFAF 9,290 million	CFAF 8,000 million
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available data. End of project likely to be met.

Number of accounts at Postal Bank increases	Value	120,000	120000	135,000
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Baseline Data. Target not met. Government has renounced to create a Postal Bank.

CNSS current deficit declines	Value	CFAF 1.6 billion	CFAF 3.6 billion	CFAF 0.5 billion
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available data from CNSS. Actuarial study and audit of CNSS has been completed. However, implementation of recommendationswill take place after the closure of the project.

Number of people participating in capacity building events Value 0 1135 900
Date December 31, 2004 November 30, 2010 December 31, 2010
Comment End of project target met and exceeded.

Percent of trainees reporting utilizing or utilizing greatly (4 and 5, on a scale of 1 to 5 where 1 is low, and 5 greatly) what they have learnt from the capacity building events	Value	0%		80%
	Date	December 31, 2004	December 31, 2009	December 31, 2010
	Comment		Survey results not yet available

Percent of trainees reporting improved performance (e.g., improvements in productivity, operations, client relationships) as a result of participating capacity building events (on a scale of 1 to 5)	Value	0		80%
	Date	December 31, 2004	December 31, 2009	December 31, 2010
	Comment		Survey results not yet available

No of active loan accounts -Microfinance	Value	66084.00	145000.00	75997.00
	Date	December 3, 2004	December 31, 2009	December 31, 2010
	Comment		Latest available information from regulatory agency. End of project target met and exceeded.

Number of active micro-savings accounts Value 124177.00 403754.00 300000.00
Date December 31, 2004 December 31, 2008 December 31, 2010
Comment Latest available data. End of Project Target met and surpassed.
Portfolio at Risk - Microfinance Value 12.00 5.00 5.00
Date December 31, 2004 December 31, 2008 December 31, 2010
Comment Latest available data.
% active loans to women - Microfinance Value 41.00 57.00 45.00
Date December 31, 2004 December 31, 2008 December 31, 2010
Comment Latest available data. End of project met and exceeded.
Volume of Bank Support: Institutional Development - Microfinance Value 0.00 0.00 7000000.00
Date December 31, 2004 March 31, 2010 April 30, 2010
Comment Data gathered from PIU files

Financial depth (M2/GDP) increases	Value	15.82%	21.86%	18%
	Date	October 31, 2004	June 30, 2010	December 31, 2010
	Comment		End of project target met and exceeded.

Share of private sector credit to GDP increases	Value	6.85%	14.03%	13%
	Date	December 31, 2004	September 30, 2010	December 31, 2010
	Comment		End of project target met.

Total number of MFI clients/members increases	Value	124,177	400,754	300,000
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available data. End of project target met and exceeded.

Number of female MFI clients/members increases	Value	62,172	231860.00	170,000
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available data. End of project target met and exceeded.

Number of people participating in capacity building events	Value	0	1135	900
	Date	December 31, 2004	November 30, 2010	December 31, 2010
	Comment		End of project target met and exceeded.

Number of active micro-savings accounts	Value	124177.00	403754.00	300000.00
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available data. End of Project Target met and surpassed.

Portfolio at Risk - Microfinance	Value	12.00	5.00	5.00
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available data.

% active loans to women - Microfinance	Value	41.00	57.00	45.00
	Date	December 31, 2004	December 31, 2008	December 31, 2010
	Comment		Latest available data. End of project met and exceeded.

Volume of Bank Support: Institutional Development - Microfinance	Value	0.00	0.00	7000000.00
	Date	December 31, 2004	March 31, 2010	April 30, 2010
	Comment		Data gathered from PIU files