Islamic Republic of Mauritania: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania
July 3, 2007
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The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) for the Islamic Republic of Mauritania explains the macroeconomic outlook and fiscal policy. Despite a substantial oil revenue shortfall, the fiscal deficit target was met and significant reserves were maintained in the oil fund. The prudent monetary stance contributed to strengthening confidence in the ouguiya and reining in inflation. Mauritania needs to continue to mobilize concessional support to finance its poverty reduction strategy.
Subject: Budget execution and treasury management, Commodities, Expenditure, Oil, Oil production, Oil, gas and mining taxes, Poverty, Poverty reduction, Production, Taxes
Keywords: CR, difficulty carrying out poverty reduction expenditure, executive board discussion, gas and mining taxes, governance, government, ISCR, Oil, Oil production, oil revenue management legislation, Poverty reduction, poverty-reducing spending objective, poverty-reduction goal, strengthening, transition authorities
Pages:
44
Volume:
2007
DOI:
Issue:
224
Series:
Country Report No. 2007/224
Stock No:
1MRTEA2007004
ISBN:
9781451827644
ISSN:
1934-7685
Notes
Also available online in French
