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 1 - 5 of 5 items for :

  • Type: Journal Issue x
  • Macroeconomics: Production x
Clear All Modify Search
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Selected Issues Paper
International Monetary Fund. Middle East and Central Asia Dept.
This Selected Issues paper analyzes various aspects of fiscal framework in the Republic of Mauritania. Mauritania needs to avoid pro-cyclical fiscal policies and adopt rules that guide medium-term fiscal sustainability. Fiscal policy has been responsible and focused on fiscal consolidation, but important challenges lie ahead linked to price volatility, exhaustibility of resources, and effective use of resources. Mauritania has important natural resource wealth, and its fiscal policy is shaped by considerations resulting from its reliance on resource revenues. Prospects for price shocks in the short term and significant mining expansion in the long term could pose significant challenges to fiscal policy management. The analysis of fiscal framework options reveals that a fiscal rule which targets a nonresource primary balance for long-term sustainability, designed to allow some frontloading of public spending on productive investment, would be appropriate for Mauritania under the assumption of a finite resource horizon. A fiscal rule targeting a structural resource balance would be appropriate in the scenario of long-lasting resources, possible under the assumption of favorable developments in the global commodity markets.
Keywords:
ISCR; CR; investment; Mauritania; price; resource; investment path; banking sector reform; resource revenue; export diversification; investment plan; labor force; Public investment spending; Productivity; Fiscal governance; Global; North Africa
Cover IMF Staff Country Reports
République islamique de Mauritanie: Première revue de l’accord triennal au titre de la facilité pour la réduction de la pauvreté et pour la croissance : rapport des services du FMI ; communiqué de presse sur les délibérations du conseil d'administration ; et déclaration de l'administrateur pour la République islamique de Mauritanie
International Monetary Fund
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
Keywords:
ISCR; CR; government; oil revenue management legislation; difficulty carrying out poverty reduction expenditure; governance; poverty-reduction goal; strengthening
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania
International Monetary Fund
The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) for the Islamic Republic of Mauritania explains the macroeconomic outlook and fiscal policy. Despite a substantial oil revenue shortfall, the fiscal deficit target was met and significant reserves were maintained in the oil fund. The prudent monetary stance contributed to strengthening confidence in the ouguiya and reining in inflation. Mauritania needs to continue to mobilize concessional support to finance its poverty reduction strategy.
Keywords:
ISCR; CR; government; oil revenue management legislation; difficulty carrying out poverty reduction expenditure; governance; poverty-reduction goal; strengthening; executive board discussion; poverty-reducing spending objective; transition authorities; Oil; gas and mining taxes; Oil production; Poverty reduction
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Second Review Under the Staff Monitored Program and Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
International Monetary Fund
This paper discusses key findings of the Second Review Under the Staff Monitored Program (SMP) for Mauritania. Mauritania’s performance since the beginning of 2006 has been fully satisfactory. All quantitative targets and structural benchmarks under the SMP that covered the first six months of 2006 were observed. Sound macroeconomic policies reined in inflation and contributed to the elimination of the parallel foreign exchange market premium. The proposed Poverty Reduction and Growth Facility (PRGF)-supported program will consolidate the progress achieved during the SMP toward macroeconomic stabilization.
Keywords:
ISCR; CR; EU budget; budget ordinance; government; government revenue projection; staff appraisal; transition authorities; Oil; gas and mining taxes; Poverty reduction strategy; Poverty reduction; West Africa
Cover IMF Working Papers
Expenditure Composition, Fiscal Adjustment, and Growth in Low-Income Countries
Mr. Benedict J. Clements
,
Mr. Sanjeev Gupta
,
Mr. Emanuele Baldacci
, and
Mr. Carlos Mulas-Granados
This paper assesses the effects of expenditure composition as well as fiscal adjustment on economic growth in a sample of 39 low-income countries during the 1990s. The paper finds that strong budgetary positions and fiscal consolidation are generally associated with higher economic growth in both the short and long terms. The composition of public outlays also matters: Countries where spending is concentrated on wages tend to have lower growth, while those that allocate higher shares to capital and nonwage goods and services enjoy faster output expansion. Expenditure composition, along with the size of the fiscal consolidation and initial fiscal conditions, affects the sustainability of adjustment. Initial fiscal conditions also have a bearing on the nexus between fiscal deficits and growth.
Keywords:
WP; economic growth; government spending; percent of GDP; budget deficit; business cycle; Fiscal Policy; Public Expenditure Composition; Duration of Fiscal Consolidations; fiscal policy stance; fiscal policy-growth nexus; budget financing; expenditure category; expenditure reform; B. fiscal policy; domestic financing; financing of the deficit; expenditure item; effect of expenditure composition; expenditure reallocation; composition of expenditure; Fiscal consolidation; Expenditure composition