Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Middle East and Central Asia > Mauritania, Islamic Republic of

You are looking at 51 - 60 of 154 items for

  • Type: Journal Issue x
Clear All Modify Search
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Economic Development Documents
International Monetary Fund. Middle East and Central Asia Dept.
This Economic Development Document summarizes Mauritania’s Strategy for Accelerated Growth and Shared Prosperity (SCAPP) for 2016–30. The first five-year phase of the SCAPP will complete projects under way and lay the foundations for a new, politically more peaceful Mauritania, with infrastructure put in place to support growth and encourage development of the country's natural resources. Steps will be taken to complete the reforms needed to improve the business climate and promote the private sector. In the second five-year period, the economy will be more diversified and competitive, with the real rate of growth averaging at about 10 percent a year. The third five-year phase will consolidate Mauritania's “new look” and the economic growth will exceed 12 percent a year.
Keywords:
ISCR; CR; border; private sector development strategy; public finance; Islamic Republic of Mauritania honor; natural resources; poverty rate; shared prosperity; Inclusive growth; Public investment and public-private partnerships (PPP); Human capital; Business environment; Global
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: First Review Under the Extended Credit Facility Arrangement-Press Release; and Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses Mauritania’s First Review Under the Extended Credit Facility (ECF) Arrangement. The outlook is positive, although considerable challenges remain to achieve high and inclusive growth. Vulnerabilities remain elevated and sustained reforms are needed to entrench macroeconomic stability; achieve inclusive growth that creates employment and reduces poverty; and improve the business climate and governance. Policy implementation has been satisfactory and the program is on track. All end-December 2017 performance criteria and eight of the ten structural benchmarks for December 2017–March 2018 were met; the remaining two were implemented with a one-month delay. The IMF staff recommends completion of the first review under the three-year ECF arrangement.
Keywords:
ISCR; CR; price; government; SDR; balance; commodity price development; reform implementation; extractive GDP; Mauritanian authorities; Excl. FDI-financed import; Policy implementation; Credit; Fiscal stance; Global
Cover IMF Working Papers
Can They Do It All? Fiscal Space in Low-Income Countries
Ms. Anja Baum
,
Andrew Hodge
,
Ms. Aiko Mineshima
,
Ms. Marialuz Moreno Badia
, and
Rene Tapsoba
According to U.N. estimates, low-income countries will have to increase their annual public spending by up to 30 percent of GDP to achieve the Sustainable Development Goals (SDGs), raising the question of whether they can do it all. This paper develops a new metric of fiscal space in low-income countries that accounts for macroeconomic uncertainty, allowing us to assess whether those spending needs can be accommodated. Illustrative simulations based on this methodology imply that, even under benign conditions, the fiscal space available in lowincome countries is likely insufficient to undertake the spending needed to achieve the SDGs. Improving public investment efficiency and domestic revenue mobilization can somewhat narrow the gap but it will require major efforts relative to recent trends.
Keywords:
WP; debt limit; exchange rate; debt ratio; debt dynamics; fiscal space; public debt; sustainability; SDGs; low-income countries; financing mix; LIC financing landscape; financing constraint; interest rate; financing condition; Fiscal stance; Public investment spending; Global
Cover IMF Working Papers
Gender Equality and Economic Diversification
Romina Kazandjian
,
Ms. Lisa L Kolovich
,
Ms. Kalpana Kochhar
, and
Ms. Monique Newiak
We show that gender inequality decreases the variety of goods countries produce and export, in particular in low-income and developing countries. We argue that this happens through at least two channels: first, gender gaps in opportunity, such as lower educational enrollment rates for girls than for boys, harm diversification by constraining the potential pool of human capital available in an economy. Second, gender gaps in the labor market impede the development of new ideas by decreasing the efficiency of the labor force. Our empirical estimates support these hypotheses, providing evidence that gender-friendly policies could help countries diversify their economies.
Keywords:
WP; output diversification; Gender inequality; female labor force participation; economic diversification; economic growth; human capital; low-income and developing countries; export diversification; export product diversification; Theil index; globalization Index; Export diversification; Gender diversity; Women
Cover IMF Staff Country Reports
République islamique de Mauritanie: Consultations de 2016 au titre de l’article IV — communiqué de presse; rapport des services du FMI et déclaration de l’administrateur pour la République islamique de Mauritanie
International Monetary Fund. Middle East and Central Asia Dept.
Contexte. L’économie mauritanienne se heurte à un choc majeur négatif des termes de l’échange plus persistant qu’initialement prévu. Les faibles cours du minerai de fer ont ralenti la croissance et réduit les recettes d’exportation et les réserves internationales nettes, creusé le déficit budgétaire et accru les risques pesant sur la stabilité financière. À l’inverse, le repli des cours du pétrole a fourni un certain appui sur les plans extérieur et budgétaire. Le taux de change a continué de s’apprécier en termes réels en 2015, allant ainsi à l’encontre de l’évolution défavorable des termes de l’échange. L’impact de cette détérioration est aggravé par le manque de diversification de la production, les faiblesses structurelles et la marge de manœuvre limitée des pouvoirs publics, compte tenu du niveau élevé de la dette publique et les tensions s’exerçant sur les volants extérieurs. Perspectives et risques. Les perspectives économiques laissent entrevoir un rebond de l’activité à 4,1 % en 2016, mais elles sont sujettes à des risques baissiers et l’économie reste vulnérable aux chocs exogènes. À moyen terme, les politiques courantes exerceront des tensions persistantes sur les réserves et aboutiront à un niveau d’endettement élevé en raison des plans d’investissement public. Une activité économique atone pourrait compromettre la capacité du secteur financier à drainer le crédit vers le secteur privé et, partant, nuire aux efforts visant à promouvoir une croissance plus diversifiée et plus robuste. À court terme, l’économie se montre surtout vulnérable à une montée des cours du brut, à un repli des cours du minerai de fer.
Keywords:
ISCR; CR; debt; deficit; terms-of-trade shock; TA mission
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania
International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses the impact of the global economic slump on the Mauritanian economy, which faces a significant negative terms-of-trade shock that is more persistent than initially envisaged. The impact of the international shock is compounded by a narrow production base, structural weaknesses, and limited policy space related to elevated public debt and pressures on external buffers. The outlook sees a recovery in economic activity to 4.1 percent in 2016, but risks to the outlook are tilted to the downside. The present economic uncertainty has prompted Mauritania to call for an ambitious policy adjustment to diversify the economy and promote inclusive growth for a determined reform agenda.
Keywords:
ISCR; CR; debt; deficit; terms-of-trade shock; TA mission; commodity shock; PPG debt; GDP ratio; Currency markets; Bank supervision; Global; Sub-Saharan Africa; Middle East; North Africa; East Africa
Cover IMF Working Papers
Optimal Reserves in Financially Closed Economies
Mr. Olivier D Jeanne
and
Mr. Damiano Sandri
Financially closed economies insure themselves against current-account shocks using international reserves. We characterize the optimal management of reserves using an open-economy model of precautionary savings and emphasize several results. First, the welfare-based opportunity cost of reserves differs from the measures often used by practitioners. Second, under plausible calibrations the model is consistent with the rule of thumb that reserves should be close to three months of imports. Third, simple linear rules can capture most of the welfare gains from optimal reserve management. Fourth, policymakers should place more emphasis on how to use reserves in response to shocks than on the reserve target itself.
Keywords:
WP; interest rate; opportunity cost; open economy; Official reserves; current account; precautionary savings; carry cost; cost-benefit approach; real rate of interest; welfare cost; level of reserve; Reserve positions; Imports; Reserves management; Exports; Income; Global
Cover IMF Staff Country Reports
Union économique et monétaire ouest-africaine (UEMOA): Questions générales
International Monetary Fund. African Dept.
Union économique et monétaire ouest-africaine : questions générales
Keywords:
ISCR; CR; Waemu; investment efficiency; investment; WAEMU country
Cover IMF Staff Country Reports
West African Economic and Monetary Union (WAEMU): Selected Issues
International Monetary Fund. African Dept.
This paper presents stylized facts on the quantitative and qualitative infrastructure gap in the West African Economic and Monetary Union (WAEMU), estimates the efficiency of public investment, and recommends how to improve it. The WAEMU countries face an important common challenge of creating sufficient fiscal space to finance ambitious growth, development, and poverty-reduction programs in individual countries. This paper also provides comparative evidence of the situation of WAEMU in several areas of financial development relative to groups of benchmark countries. The state of inclusion in the WAEMU along three dimensions—poverty, income inequality, and gender inequality—is also examined in this paper.
Keywords:
ISCR; CR; Waemu; investment efficiency; investment; WAEMU country; WAEMU member; extent income; WAEMU growth; Public investment spending; Public investment and public-private partnerships (PPP); Financial sector development; Gender inequality; Sub-Saharan Africa; West Africa; Global
Cover IMF Staff Country Reports
Mali: Technical Assistance Report-Mining Taxation: Modeling of Five Mining Operations
International Monetary Fund. Fiscal Affairs Dept.
This paper discusses Malian mining taxation. Mali’s industrial mining sector is predominantly gold mining, with six industrial mines currently active. Most of the mines are old, but some have substantial reserves; extensions are planned for the Syama, Morila, Kalama, Tabakoto-Segela, and Loulo-Gounkoto mines. The Fiscal Analysis for Resource Industries model was completed for five new projects with recent feasibility studies. The government revenue contributed by the five new projects is on the order of US$1.7 billion (constant dollars) over the next 10 years. The application of the 1999 or 2012 Mining Code increases the government’s share of income in comparison with the 1991 code.
Keywords:
ISCR; CR; government; Malian government; tax data; internal rate of return; term; mining Code; production forecast; information from the Ministry of Finance; gold production; tax information; ad valorem tax; area taxation; Mining sector; Corporate income tax; Average effective tax rate; Gold