Islamic Republic of Mauritania: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for a Waiver of Performance Criterion: Staff Report; Staff Supplement; Press Release on the Executive Board Dis

Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for a Waiver of Performance Criterion: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania

Volume/Issue: Volume 2007 Issue 375
Publication date: December 2007
ISBN: 9781451827651
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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , authority , balance , PRGF loan , governance , BCM financing , governance measure , oil revenue management , financing gap , Oil , Fiscal stance , gas and mining taxes , Poverty reduction strategy , West Africa , Global

Summary

The staff report for the Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility highlights the Islamic Republic of Mauritania’s economic and financial policies. The basic non-oil fiscal balance was significantly higher than projected, owing mainly to high fiscal revenues and delays in investment spending. Monetary policy remained prudent, contributing to a further decline in inflation. In view of its limited oil revenue prospects, Mauritania needs to continue mobilizing concessional support to finance its poverty reduction strategy.