Islamic Republic of Mauritania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Mauritania

October 16, 2017

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Format: Chicago

Islamic Republic of Mauritania: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Mauritania, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Also available in: français

Summary

This 2017 Article IV Consultation highlights a continued challenging external environment for Mauritania, with low and volatile metal prices. A steep decline in iron ore prices in 2014–15 took away half of exports, widened the fiscal deficit, put pressure on reserves, and exposed bank vulnerabilities. In response, the authorities adjusted the budget significantly in 2016, allowed the exchange rate to adjust, and mobilized foreign grants and loans. These efforts contributed to reducing external imbalances and maintaining macroeconomic stability. The authorities are now strengthening bank supervision and are preparing a national strategy for accelerated and inclusive growth for 2016–30, including structural reforms and a large-scale, foreign-financed infrastructure investment program to support jobs, growth, and diversification.

Subject: Exchange rates, Expenditure, External debt, Foreign exchange, Public and publicly-guaranteed external debt, Public debt, Public investment spending

Keywords: AFRITAC West, Central bank statute, Commodity price development, CR, Debt, East Africa, Exchange rate, Exchange rates, Global, ISCR, Liquidity pressure, Middle East, North Africa, Policy choice, Public investment spending, Real GDP, West

Publication Details

Pages:

84
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/324
Stock No:

1MRTEA2017001
ISBN:

9781484324660
ISSN:

1934-7685

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