Islamic Republic of Mauritania: Third Review Under the Three-Year Extended Credit Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion

International Monetary Fund

No 2011/362, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; SDR; drought relief expenditure; central bank; program implementation; monetary policy; exchange rate; labor market; Credit; Fiscal stance; Europe; Global (search for similar items in EconPapers)
Pages: 58
Date: 2011-12-23
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