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Islamic Republic of Mauritania :, Sixth Review Under the Three Year Extended Credit Facility Arrangement and Request of Nonobservance of Performance Criterion—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Islamic Republic of Mauritania

This paper discusses the Islamic Republic of Mauritania’s Sixth Review under the Three-Year Extended Credit Facility Arrangement and Request of Nonobservance of Performance Criterion. Mauritania’s current account deficit has been significantly widened due to higher infrastructure and mining-related imports. Planned projects are concentrated in agriculture, energy, and infrastructure—all three sectors with large investment needs and in line with Poverty Reduction Strategy Paper priorities. Nonrenewable resources are playing an important role in the economy, but the fiscal policy formulation does not incorporate the challenges associated with resource revenue exhaustibility and volatility and, therefore, does not prevent pro-cyclical fiscal policy
Table Of Contents
Cover; CONTENTS; BACKGROUND; PROGRAM IMPLEMENTATION; RECENT ECONOMIC DEVELOPMENTS; OUTLOOK AND RISKS; BOXES; 1. How Sustainable is Mauritania's Current Account?; POLICY DISCUSSIONS; A. Fiscal Policy; 2. Reorienting Food Subsidies in Mauritania; 3. The Role of Extractive Industries in Mauritania's Economy; B. Monetary, Exchange Rate, and Financial Sector Policies; 4. Recent Credit Developments in Mauritania; C. Debt Management; D. Other Structural Reforms; STAFF APPRAISAL; FIGURES; 1. Recent Economic Developments, 2008-13; 2. Real Sector Developments, 2008-13
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (68 p.)
Specific Material Designation
Form Of Item

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