Islamic Republic of Mauritania : 2012 Article IV Consultation and Fourth Review Under the Three-Year Extended Credit Facility Arrangement, and Requests for Waivers of Nonobservance and Modification of Performance Criteria-Staff Report and Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/246

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy--Mauritania.

Monetary policy.

Mauritania--Economic conditions.

Mauritania.

Physical Description:

1 online resource (113 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Summary:

The 2012 Article IV Consultation and Fourth Review under the three-year Extended Credit Facility (ECF) Arrangement discusses the macroeconomic conditions of the Islamic Republic of Mauritania. Mauritania’s economy has performed well in 2011, despite significant challenges. Economic activity is likely to pick up and inflation to remain low. However, Mauritania faces important short- and medium-term policy challenges, notably in the social area, where progress in reducing poverty has been slow and unemployment is still high. The performance under the ECF-supported program has remained strong.

Contents:

Cover; Contents; Executive Summary; I. Background and Context; Boxes; 1. Drought: Impact and Emergency Response so Far; II. Recent Economic Developments; III. Report on Policy Discussions; A. Outlook and Risks; 2. Mauritania: Spillovers from Europe; B. Short-Term Challenge: Maintaining Macroeconomic Stability in the Face of the Drought and Large Infrastructure Projects; 3. Monetary Policy (In)Effectiveness in Mauritania 1/; C. Building Inclusive Growth; 4. Mauritania's Progress in Diesel Subsidy Reform; 5. Business Environment and Governance; IV. Program Implementation and Design

V. Staff AppraisalFigures; 1. Recent Economic Developments, 2007-11; 2. Real Sector Developments, 2007-11; 3. Selected Monetary and Financial Sector Indicators, 2007-12; 4. External Sector, 2007-12; 5. Fiscal Sector Developments, 2007-11; Tables; 1. Selected Economic and Financial Indicators, 2009-12; 2. Balance of Payments, 2009-12; 3. External Financing Requirements, 2009-13; 4a. Central Government Operations, 2008-17; 4b. Central Government Operations, 2008-17; 5. Monetary Situation, 2008-12; 6. Banking System at a Glance, 2008-11; 7. Indicators of Capacity to Repay the Fund, 2012-16

8. Selected Economic and Financial Indicators, 2008-179. Millennium Development Goals, 1990-2015; 10. Access and Phasing Under the Three-Year ECF Arrangement, 2010-13; Annexes; I. New International Airport; II. Liquidity Management in Mauritania; III. External Stability; IV. Challenges in Tackling High Unemployment in Mauritania; Appendixes; I. Letter of Intent; Attachment I. Technical Memorandum of Understanding; Contents; I. Relations with the Fund; II. Relations with the World Bank Group; III. Statistical Issues; Box; Box 1. Evolution of External Debt; Figure

Figure 1. Evolution and Composition of External Debt and Total Debt in 2011 Saudia Arabia Other Multilaterals OtherBox 2. Baseline Macroeconomic Assumptions; Figure 1. Mauritania: Indicators of Public and Publicly Guaranteed External Debt under Alternatives Scenarios, 2012 2012-2032 1/; Figure 2. Mauritania: Indicators of Public Debt Under Alternative Scenarios, 2012-2032 1/; Table; Table 1: External Debt Sustainability Framework, Baseline Scenario, 2009-2032 1/; Table 2. Mauritania: Sensitivity Analysis for Key Indicators of Public and Publicly Guaranteed External Debt, 2012-2032

Table 3.Mauritania: Public Sector Debt Sustainability Framework, Baseline Scenario, 2009-2032Table 4.Mauritania: Sensitivity Analysis for Key Indicators of Public Debt, 2012-2032

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781475573374

1475573375

9781475549102

1475549105

OCLC:

876511691