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

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

December 4, 2012

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2012) accessed November 26, 2024

Summary

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.

Subject: Banking, Credit, Expenditure, Financial institutions, Foreign exchange, Loans, Money, Nonperforming loans

Keywords: CR, Credit, Current account, Exchange rate, Foreign exchange, GDP, Global, Government, ISCR, Loans, Monetary policy, Nonperforming loans, Price, Private sector, Procurement code, SDR

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/323
Stock No:

1MRTEA2012003
ISBN:

9781475592023
ISSN:

1934-7685

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