Islamic Republic of Mauritania: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

May 11, 2016

Preview Citation

Format: Chicago

Islamic Republic of Mauritania: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Also available in: français

Summary

This paper discusses the impact of the global economic slump on the Mauritanian economy, which faces a significant negative terms-of-trade shock that is more persistent than initially envisaged. The impact of the international shock is compounded by a narrow production base, structural weaknesses, and limited policy space related to elevated public debt and pressures on external buffers. The outlook sees a recovery in economic activity to 4.1 percent in 2016, but risks to the outlook are tilted to the downside. The present economic uncertainty has prompted Mauritania to call for an ambitious policy adjustment to diversify the economy and promote inclusive growth for a determined reform agenda.

Subject: Bank supervision, Currency markets, External debt, Financial markets, Financial regulation and supervision, Foreign exchange, Public debt

Keywords: Bank supervision, Commodity shock, CR, Currency markets, Debt, Deficit, East Africa, GDP ratio, Global, ISCR, Middle East, North Africa, PPG debt, Sub-Saharan Africa, TA mission, Terms-of-trade shock

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/115
Stock No:

1MRTEA2016001
ISBN:

9781484346303
ISSN:

1934-7685

Notes

Also available in French

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