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NIGER January 2025IMF Country Report No. 25/252024 ARTICLE IV CONSULTATION, SIXTH REVIEW UNDER THE EXTENDED CREDIT FACILITY ARRANGEMENT, REQUESTS FOR A WAIVER OF NONOBSERVANCE OF PERFORMANCE CRITERION, MODIFICATION OF PERFORMANCE CRITERIA, SECOND REVIEW UNDER THE RESILIENCE AND SUSTAINABILITY FACILITY ARRANGEMENT, AND FINANCING ASSURANCES REVIEWPRESS RELEASE; STAFF REPORT; STAFF SUPPLEMENT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR NIGER In the context of the 2024 Article IV Consultation,
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Under form extended credit refers to a provision or regulatory format that allows for the extension of credit terms beyond the standard or original terms, typically in financial transactions.
Entities such as lenders, financial institutions, or businesses that extend credit beyond standard terms are typically required to file under form extended credit.
To fill out under form extended credit, one must provide all required details including the borrower's information, credit terms, amounts extended, and any relevant dates. Ensure all information is accurate and complies with regulatory requirements.
The purpose of under form extended credit is to formalize and report the terms and conditions of credit extensions, ensuring transparency and compliance with financial regulations.
The information that must be reported includes the identity of the credit recipient, the amount of credit extended, the terms of the credit (interest rates, repayment schedule), and any associated risks or compliance issues.
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