IMF Staff Country Reports

Islamic Republic of Mauritania: First Reviews Under the Arrangements under the Extended Credit Facility and the Extended Fund Facility, Requests for Modification of Performance Criteria and a Waiver of Nonobservance of Performance Criterion, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

December 22, 2023

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Islamic Republic of Mauritania: First Reviews Under the Arrangements under the Extended Credit Facility and the Extended Fund Facility, Requests for Modification of Performance Criteria and a Waiver of Nonobservance of Performance Criterion, and Request for an Arrangement Under the Resilience and Sustainability Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Also available in: français

Summary

Economic performance in 2022 has been positive, with robust real GDP growth, decreasing inflation, and a narrowing current account deficit. Still, challenges related to infrastructure, governance, vulnerability to economic shocks, and limited economic diversification constrain Mauritania’s economic development. While the political situation appears stable, security risks persist, especially in the Sahel region. Additionally, more frequent, and severe climate-related disasters create large adaptation needs, though opportunities for clean energy exist. The authorities are seeking support under the Resilience and Sustainability Facility (RSF) to enhance resilience to climate shocks, bolster disaster risk management, and accelerate the transition to cleaner energy sources, while continuing the ECF/EFF arrangements.

Subject: Climate change, Currency markets, Environment, External debt, Financial markets, International organization, Monetary policy, Public debt

Keywords: Climate agenda, Climate change, Climate resilience, Currency markets, Economic reform, Global, Intervention budget, Middle East, RSF arrangement, RSF request, Sub-Saharan Africa, Tekavoul program, West Africa

Publication Details

  • Pages:

    150

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2023/444

  • Stock No:

    1MRTEA2023004

  • ISBN:

    9798400264580

  • ISSN:

    1934-7685

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