Islamic Republic of Mauritania: Sixth Review Under the Three Year Extended Credit Facility Arrangement and Request of Nonobservance of Performance Criterion—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Mauritania

July 2, 2013

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Format: Chicago

Islamic Republic of Mauritania: Sixth Review Under the Three Year Extended Credit Facility Arrangement and Request of Nonobservance of Performance Criterion—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Mauritania, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Also available in: français

Summary

This paper discusses the Islamic Republic of Mauritania’s Sixth Review under the Three-Year Extended Credit Facility Arrangement and Request of Nonobservance of Performance Criterion. Mauritania’s current account deficit has been significantly widened due to higher infrastructure and mining-related imports. Planned projects are concentrated in agriculture, energy, and infrastructure—all three sectors with large investment needs and in line with Poverty Reduction Strategy Paper priorities. Nonrenewable resources are playing an important role in the economy, but the fiscal policy formulation does not incorporate the challenges associated with resource revenue exhaustibility and volatility and, therefore, does not prevent pro-cyclical fiscal policy.

Subject: Credit, Economic sectors, External debt, Imports, International trade, Mining sector, Money, Public debt

Keywords: Challenges Mauritania, CR, Credit, Deficit, Europe, Executive board discussion, FDI, Fiscal policy formulation, GDP, Global, Government, Imports, ISCR, Mining sector, Monetary policy effectiveness, Sub-Saharan Africa, Year-end inflation

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/188
Stock No:

1MRTEA2013001
ISBN:

9781475582130
ISSN:

1934-7685

Notes

Also available in French

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