Islamic Republic of Mauritania: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for a Waiver of Performance Criterion: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania

International Monetary Fund

No 2007/375, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility highlights the Islamic Republic of Mauritania’s economic and financial policies. The basic non-oil fiscal balance was significantly higher than projected, owing mainly to high fiscal revenues and delays in investment spending. Monetary policy remained prudent, contributing to a further decline in inflation. In view of its limited oil revenue prospects, Mauritania needs to continue mobilizing concessional support to finance its poverty reduction strategy.

Keywords: ISCR; CR; authority; balance; PRGF loan; governance; BCM financing; governance measure; oil revenue management; financing gap; Oil; Fiscal stance; gas and mining taxes; Poverty reduction strategy; West Africa; Global (search for similar items in EconPapers)
Pages: 72
Date: 2007-12-04
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