Islamic Republic of Mauritania: Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Mauritania

December 13, 2017

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Format: Chicago

Islamic Republic of Mauritania: Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Mauritania, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: français

Summary

This paper discusses Mauritania’s Request for a Three-Year Arrangement Under the Extended Credit Facility (ECF). The economic outlook is positive, but debt remains a concern. Near-term prospects are promising—supported by some improvement in the terms of trade, foreign direct investment in the extractive sector, planned structural reforms, and growth-enhancing public investment. Risks are balanced: on the upside, possible development of a recently discovered off-shore gas field could be a game-changer starting in 2021. On the downside, the economy remains highly vulnerable to lower metals prices, weather-related events, and regional security developments. The IMF staff supports the authorities’ request for the ECF arrangement.

Subject: Banking, Debt sustainability analysis, External debt, Foreign exchange, Public and publicly-guaranteed external debt, Public debt

Keywords: CR, Debt, Debt sustainability analysis, Economy, Expenditure prioritization, Global, Increase exchange rate flexibility, ISCR, Policy priority, Public and publicly-guaranteed external debt, Reform momentum, Terms-of-trade shock, Wage bill

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/369
Stock No:

1MRTEA2017002
ISBN:

9781484332429
ISSN:

1934-7685

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