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

International Monetary Fund

No 2007/224, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; government; oil revenue management legislation; difficulty carrying out poverty reduction expenditure; governance; poverty-reduction goal; strengthening; executive board discussion; poverty-reducing spending objective; transition authorities; Oil; gas and mining taxes; Oil production; Poverty reduction (search for similar items in EconPapers)
Pages: 44
Date: 2007-07-03
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