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Adrar region, Mauritania

Adrar region, Mauritania. Photo by John Spooner

Islamic Republic of Mauritania Resident Representative Site

Resident Representative Office in Mauritania

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Mauritania and the IMF. Additional information can be found on Islamic Republic of Mauritania and IMF country page, including official IMF reports and Executive Board documents in English that deal with Mauritania.

News — Highlights

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Toward New Horizons: Arab Economic Transformation amid Political Transition

April 11, 2014 click for more

Interview of Mr. Tijani Najeh , IMF Resident representative for Mauritania with the Financial Times (FT) : Challenging times for a country reinventing itself

April 9, 2014 click for more

Statement by IMF Managing Director Christine Lagarde at the Conclusion of her Visit to Mauritania

January 9, 2013 click for more

Speech by IMF Managing Director Christine Lagarde: Unleashing the Economic Potential of the Maghreb—the Role of Foreign Investment

At the Fifth regional conference on Foreign Investment in Maghreb countries; January 8-9, 2013 click for more

Sound Policies Soften Crisis Impact on Middle East

Oil exporters in the Middle East and North Africa have been directly hit by the global financial crisis through a sharp drop in oil prices and a drying up of capital inflows, but the blow has been softened by countercyclical government spending, according to the IMF’s new regional forecast. click for more

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Islamic Republic of Mauritania and the IMF

Islamic Republic of Mauritania: 2014 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for the Islamic Republic of Mauritania

February 12, 2015
Series: Country Report No. 15/35
Notes:
Also available in French click for more

Islamic Republic of Mauritania: Selected Issues Paper

February 12, 2015
Series: Country Report No. 15/36 click for more

Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with the Islamic Republic of Mauritania

February 12, 2015

Press Release: Statement on the 2014 Article IV Mission to Mauritania

October 31, 2014

Press Release: Statement by an IMF Mission to Mauritania

February 10, 2014

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Learning to Live With Cheaper Oil Amid Weaker Demand

A large and possibly persistent decline in oil prices, and slower-than-projected growth in the euro area, China, Japan, and Russia, have substantially altered the economic context for countries in the Middle East and Central Asia. The appropriate policy response will depend on whether a country is an oil exporter or importer. A common theme, however, is that these developments present both an opportunity and an impetus to reform energy subsidies and step up structural reform efforts to support jobs and growth.

Lower oil prices have weakened the external and fiscal balances of oil exporters, including members of the Gulf Cooperation Council (GCC). Large buffers and available financing should allow most oil exporters to avoid sharp cuts in government spending, limiting the impact on near-term growth and financial stability. Oil exporters should prudently treat the oil price decline as largely permanent and adjust their medium-term fiscal consolidation plans so as to prevent major erosion of their buffers and to ensure intergenerational equity.

Gains from lower oil prices provide much-needed breathing space for oil importers but will be offset by a concurrent decline in external demand, particularly from Russia, but also from the euro area and China. Russia's sharp slowdown and currency depreciation have weakened the outlook for the Caucasus and Central Asia (CCA) because of strong linkages through trade, remittances, and foreign direct investment, suggesting the need for greater exchange rate flexibility and near-term fiscal easing where financing allows, along with stepped-up reform efforts.