Islamic Republic of Mauritania: Staff Report for the 2024 Article IV Consultation, Third Review Under the Arrangements Under the Extended Credit Facility and Extended Fund Facility, Request for Modification of Quantitative Performance Criteria, and Se

Staff Report for the 2024 Article IV Consultation, Third Review Under the Arrangements Under the Extended Credit Facility and Extended Fund Facility, Request for Modification of Quantitative Performance Criteria, and Second Review Under the Resilience and Sustainability Facility Arrangement-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

Author: International Monetary Fund. Middle East and Central Asia Dept.

Islamic Republic of Mauritania: Staff Report for the 2024 Article IV Consultation, Third Review Under the Arrangements Under the Extended Credit Facility and Extended Fund Facility, Request for Modification of Quantitative Performance Criteria

Volume/Issue: Volume 2024 Issue 362

Publication date: December 2024

ISBN: 9798400296819

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , government securities market , government action plan , cash transfer programs , government cashflow , article IV policy recommendation , Debt sustainability analysis , Global , Middle East , North Africa , East Africa

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Summary

The Mauritanian economy is expected to slow down in 2024 with a growth rate estimated at 4.6 percent (compared to 6.5 percent in 2023), reflecting sluggish extractive sector. Inflation is contained and the current account (CA) deficit is narrowing. The outlook is subject to significant risks, including an escalation of geopolitical tensions in the region, and weather shocks. Moreover, challenges related to infrastructure, governance, vulnerability to economic shocks, and limited economic diversification constrain Mauritania’s economic development.