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

Publication Date: July 02, 2013
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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.
Series: Country Report No. 13/188
Subject(s): Extended Credit Facility | Fiscal policy | Fiscal consolidation | External debt | Debt management | Fiscal reforms | Monetary policy | Bank supervision | Flexible exchange rate policy | Economic indicators | Performance criteria waivers | Staff Reports | Press releases | Mauritania

Notes Also available in French
Publication Date: July 02, 2013
ISBN/ISSN: 9781475582130/1934-7685 Format: Paper
Stock No: 1MRTEA2013001 Pages: 68
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