Islamic Republic of Mauritania: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

April 29, 2020

Preview Citation

Format: Chicago

Islamic Republic of Mauritania: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania, (USA: International Monetary Fund, 2020) accessed November 22, 2024

Also available in: français

Summary

This paper focuses on the Islamic Republic of Mauritania’s Request for Disbursement Under the Rapid Credit Facility. The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output expected in 2020. The authorities have responded swiftly with measures to contain the pandemic and alleviate its fallout. Going forward, prioritizing health spending and targeted support to the most vulnerable households and sectors in the economy remains critical. The authorities are committed to full transparency and reporting of resources deployed for the emergency response, to audit crisis-mitigation spending once the crisis abates, and to publish the results. At the same time, they remain committed to the economic reform program supported by the ongoing ECF arrangement with the IMF. The program aims at using the fiscal space to increase priority spending on education, health and social protection and infrastructure, while mobilizing domestic revenues and maintaining prudent borrowing policies to preserve debt sustainability.

Subject: COVID-19, Credit, External debt, Fiscal policy, Fiscal stance, Health, Money, Public debt

Keywords: Center, Commodity export, COVID-19, CR, Credit, Emergency support, Financing, Financing gap, Fiscal stance, Global, Grant financing, ISCR, RCF fund

Publication Details

Pages:

40
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/140
Stock No:

1MRTEA2020001
ISBN:

9781513542485
ISSN:

1934-7685

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