Despite a difficult external environment, Niger’s economy is performing well. Low average rainfall and insecurity affecting the production of uranium was offset by the increase of revenues generated from the production of oil which is estimated at 18,000 barrels/day.From a macroeconomic perspective, risks of disruption through growing external or fiscal imbalances continue to be moderate, given the protection and related fiscal policy obligations provided by the WAEMU.However, debt sustainability risks, still considered moderate at the end of 2014, will continue to require close attention given the rapid increase in external public debt (from 27% in 2014, to 33% in 2015 and 35% in 2016) to