Islamic Republic of Mauritania: Fifth Review Under the three-Year Extended Credit Facility Arrangement, Requests for Modification of Performance Criteria and Extension of the Arrangement—Staff Report and Press Release

International Monetary Fund

No 2012/323, IMF Staff Country Reports from International Monetary Fund

Abstract: Mauritania successfully weathered several exogenous shocks during 2011–12. Political upheaval in neighboring countries has not had detrimental economic effects so far, but political uncertainty remains high. Resilient growth and a continued buildup of external and fiscal buffers characterize better-than-expected macroeconomic developments. Ambitious structural reforms are vital for generating broad-based inclusive growth, promoting employment, and reducing poverty. The authorities will continue to improve transparency and economic statistics. Policy actions laid the foundation for a sound macroeconomic performance, although important challenges and vulnerabilities remain.

Keywords: ISCR; CR; SDR; government; GDP; exchange rate; price; procurement code; foreign exchange; current account; monetary policy; private sector; Credit; Loans; Nonperforming loans; Global (search for similar items in EconPapers)
Pages: 62
Date: 2012-12-04
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