Islamic Republic of Mauritania: Third Review Under the Three-Year Extended Credit Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion.

December 23, 2011

Preview Citation

Format: Chicago

Islamic Republic of Mauritania: Third Review Under the Three-Year Extended Credit Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion., (USA: International Monetary Fund, 2011) accessed November 27, 2024

Also available in: français

Summary

The Islamic Republic of Mauritania’s macroeconomic developments have remained broadly positive, despite high international fuel and food prices and the near-term drought impact. Supported by a rapid growth in manufacturing industries, non-oil output is expected to grow by 4.8 percent in 2011 despite the drought-related downturn in agricultural production. A low price pass-through and a prudent monetary policy helped contain inflation. Booming mining exports helped narrow the current account deficit and boost foreign exchange reserves to unprecedented levels.

Subject: Credit, Expenditure, External debt, Fiscal policy, Fiscal stance, Money, Public debt

Keywords: Central bank, CR, Credit, Drought relief expenditure, Europe, Exchange rate, Fiscal stance, Global, ISCR, Labor market, Monetary policy, Program implementation, SDR

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/362
Stock No:

1MRTEA2011005
ISBN:

9781463929848
ISSN:

1934-7685

Notes

Also available in French

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