Islamic Republic of Mauritania: Third Review Under the Three-Year Extended Credit Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion.
December 23, 2011
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The Islamic Republic of Mauritania’s macroeconomic developments have remained broadly positive, despite high international fuel and food prices and the near-term drought impact. Supported by a rapid growth in manufacturing industries, non-oil output is expected to grow by 4.8 percent in 2011 despite the drought-related downturn in agricultural production. A low price pass-through and a prudent monetary policy helped contain inflation. Booming mining exports helped narrow the current account deficit and boost foreign exchange reserves to unprecedented levels.
Subject: Credit, Expenditure, External debt, Fiscal policy, Fiscal stance, Money, Public debt
Keywords: central bank, CR, Credit, drought relief expenditure, Europe, exchange rate, Fiscal stance, Global, ISCR, labor market, monetary policy, program implementation, SDR
Pages:
58
Volume:
2011
DOI:
Issue:
362
Series:
Country Report No. 2011/362
Stock No:
1MRTEA2011005
ISBN:
9781463929848
ISSN:
1934-7685
