Author: International Monetary Fund. Middle East and Central Asia Dept.Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : fr
Pages : 56
Book Description
Islamic Republic of Mauritania: Selected Issues
Islamic Republic of Mauritania
Author: International Monetary Fund. Middle East and Central Asia Dept.Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : fr
Pages : 56
Book Description
Islamic Republic of Mauritania: Selected Issues
Islamic Republic of Mauritania
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451827571
Category : Business & Economics
Languages : en
Pages : 80
Book Description
Statistical data and issues are discussed in this paper. Mauritania reached the completion point under the enhanced Initiative for Heavily Indebted Poor Countries. In July 2004, a new economic team took actions to tighten fiscal and monetary policies. The authorities intend to adopt sound principles for oil revenue management and tracking (various frameworks, such as the one proposed in the Extractive Industry Transparency Initiative, are under consideration). Executive Directors welcomed the authorities’ willingness to prepare for the transition to a more flexible exchange rate.
Islamic Republic of Mauritania
Author: International Monetary Fund. Middle East and Central Asia Dept.Publisher: International Monetary Fund
ISBN: 1484358783
Category : Business & Economics
Languages : en
Pages : 33
Book Description
This Economic Development Document summarizes Mauritania’s Strategy for Accelerated Growth and Shared Prosperity (SCAPP) for 2016–30. The first five-year phase of the SCAPP will complete projects under way and lay the foundations for a new, politically more peaceful Mauritania, with infrastructure put in place to support growth and encourage development of the country's natural resources. Steps will be taken to complete the reforms needed to improve the business climate and promote the private sector. In the second five-year period, the economy will be more diversified and competitive, with the real rate of growth averaging at about 10 percent a year. The third five-year phase will consolidate Mauritania's “new look” and the economic growth will exceed 12 percent a year.
The Islamic Republic of Mauritania
Author: Islamic Republic of Mauritania
Author: International MonetaryPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
Book Description
Islamic Republic of Mauritania: Selected Issues
Islamic Republic of Mauritania
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1475506694
Category : Business & Economics
Languages : en
Pages : 33
Book Description
Despite a relatively high GDP growth rate over the past decade (2000–10), economic growth in Mauritania has not been able to make a significant dent in poverty. Rapid and sustained poverty reduction requires inclusive growth that allows people to contribute to and benefit from expanding economic activity. Mauritania needs to make greater progress toward inclusive growth by enhancing the distributional impact of public spending and by improving the quality of pro-poor spending. The Executive Board recommends effective monetary policies to meet the challenges.
Islamic Republic of Mauritania
Author: International Monetary Fund. Middle East and Central Asia Dept.Publisher: International Monetary Fund
ISBN: 149835422X
Category : Business & Economics
Languages : en
Pages : 68
Book Description
This Selected Issues paper analyzes various aspects of fiscal framework in the Republic of Mauritania. Mauritania needs to avoid pro-cyclical fiscal policies and adopt rules that guide medium-term fiscal sustainability. Fiscal policy has been responsible and focused on fiscal consolidation, but important challenges lie ahead linked to price volatility, exhaustibility of resources, and effective use of resources. Mauritania has important natural resource wealth, and its fiscal policy is shaped by considerations resulting from its reliance on resource revenues. Prospects for price shocks in the short term and significant mining expansion in the long term could pose significant challenges to fiscal policy management. The analysis of fiscal framework options reveals that a fiscal rule which targets a nonresource primary balance for long-term sustainability, designed to allow some frontloading of public spending on productive investment, would be appropriate for Mauritania under the assumption of a finite resource horizon. A fiscal rule targeting a structural resource balance would be appropriate in the scenario of long-lasting resources, possible under the assumption of favorable developments in the global commodity markets.
Islamic Republic of Mauritania
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451827644
Category : Business & Economics
Languages : en
Pages : 44
Book Description
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.
Islamic Republic of Mauritania
Author: International Monetary Fund. Middle East and Central Asia Dept.Publisher: International Monetary Fund
ISBN: 1484381459
Category : Business & Economics
Languages : fr
Pages : 35
Book Description
This Economic Development Document summarizes Mauritania’s Strategy for Accelerated Growth and Shared Prosperity (SCAPP) for 2016–30. The first five-year phase of the SCAPP will complete projects underway and lay the foundation for a new, politically more peaceful Mauritania, with infrastructure to support growth and encourage development of the country’s natural resources. Steps will be taken to complete the reforms needed to improve the business climate and promote the private sector. In the second five-year period, the economy will be more diversified and competitive, with the real rate of growth averaging about 10 percent a year. The third five-year phase will consolidate Mauritania’s “new look,” and economic growth will exceed 12 percent a year.
Islamic Republic of Mauritania
Author: International Monetary Fund. Middle East and Central Asia Dept.Publisher: International Monetary Fund
ISBN: 1484324668
Category : Business & Economics
Languages : en
Pages : 84
Book Description
This 2017 Article IV Consultation highlights a continued challenging external environment for Mauritania, with low and volatile metal prices. A steep decline in iron ore prices in 2014–15 took away half of exports, widened the fiscal deficit, put pressure on reserves, and exposed bank vulnerabilities. In response, the authorities adjusted the budget significantly in 2016, allowed the exchange rate to adjust, and mobilized foreign grants and loans. These efforts contributed to reducing external imbalances and maintaining macroeconomic stability. The authorities are now strengthening bank supervision and are preparing a national strategy for accelerated and inclusive growth for 2016–30, including structural reforms and a large-scale, foreign-financed infrastructure investment program to support jobs, growth, and diversification.