Economics at your fingertips  

Islamic Republic of Mauritania: Three-Year Arrangement under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Islamic Republic of Mauritania

International Monetary Fund

No 2017/369, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Mauritania’s Request for a Three-Year Arrangement Under the Extended Credit Facility (ECF). The economic outlook is positive, but debt remains a concern. Near-term prospects are promising—supported by some improvement in the terms of trade, foreign direct investment in the extractive sector, planned structural reforms, and growth-enhancing public investment. Risks are balanced: on the upside, possible development of a recently discovered off-shore gas field could be a game-changer starting in 2021. On the downside, the economy remains highly vulnerable to lower metals prices, weather-related events, and regional security developments. The IMF staff supports the authorities’ request for the ECF arrangement.

Keywords: ISCR; CR; debt; terms-of-trade shock; expenditure prioritization; economy; increase exchange rate flexibility; wage bill; policy priority; reform momentum; Debt sustainability analysis; Public and publicly-guaranteed external debt; Global (search for similar items in EconPapers)
Pages: 94
Date: 2017-12-13
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

Page updated 2024-02-19
Handle: RePEc:imf:imfscr:2017/369