## Islamic Republic of Mauritania: Second Review Under the Staff Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

_IMF Staff Country Reports, February 2, 2007_

## Source details

**Canonical URL:** [Islamic Republic of Mauritania: Second Review Under the Staff Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility](https://www.imf.org/en/publications/cr/issues/2016/12/31/islamic-republic-of-mauritania-second-review-under-the-staff-monitored-program-and-request-20366)

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## Bibliographic details
- Published: February 2, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451827637.002

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### Executive summary and performance under the SMP
- The paper discusses key findings of the Second Review Under the Staff Monitored Program (SMP) for Mauritania.
- Mauritania’s performance since the beginning of 2006 has been fully satisfactory.
- All quantitative targets and structural benchmarks under the SMP that covered the first six months of 2006 were observed.
- Sound macroeconomic policies reined in inflation and contributed to the elimination of the parallel foreign exchange market premium.
- The proposed Poverty Reduction and Growth Facility (PRGF)-supported program will consolidate the progress achieved during the SMP toward macroeconomic stabilization.

### Key findings and focus areas
- Macroeconomic stabilization:
  - Inflation was reined in through sound macroeconomic policies.
  - The parallel foreign exchange market premium was eliminated.
- Program compliance:
  - Full observance of all quantitative targets and structural benchmarks covering the first six months of 2006.
- Program transition:
  - A proposed PRGF-supported program aims to consolidate SMP achievements.

### Subjects and keywords (as listed)
- Subjects: Commodities; Expenditure; Fiscal stance; Oil; Oil, gas and mining taxes; Poverty; Poverty reduction; Poverty reduction strategy; Taxes
- Keywords: budget ordinance; CR; EU budget; gas and mining taxes; government; government revenue projection; ISCR; Oil; Poverty reduction; Poverty reduction strategy; staff appraisal; transition authorities; West Africa

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/islamic-republic-of-mauritania-second-review-under-the-staff-monitored-program-and-request-20366_