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Middle East and Central Asia > Mauritania, Islamic Republic of

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  • Type: Journal Issue x
  • Food prices x
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Cover Policy Papers
Global Risks, Vulnerabilities, and Policy Challenges Facing Low-Income Countries
International Monetary Fund
The rapid recovery in many low-income countries (LICs) following the global crisis has been sustained in 2012. Softening commodity prices have led to moderating inflation pressures in most LICs. However, progress in rebuilding policy buffers has halted over the past two years, despite continued strong growth in LICs.
Keywords:
PP; Resource-Rich LICs; price; price shock; growth recovery; shock scenario; near-term risk; IMF staff estimate; dollarized LICs; oil price shock; commodity-exporting LICs; near-term vulnerability; food price scenario; LICs in Asia; 'near term risk; food price; Commodity price shocks; Fiscal space; Inflation; Food prices; Commodity prices; Global; Middle East; Asia and Pacific; Eastern Europe; Caribbean
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: 2008 Article IV Consultation and Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility-Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania
International Monetary Fund
This 2008 Article IV Consultation highlights that Mauritania’s macroeconomic performance over recent years was satisfactory, despite a steeper-than-expected decline in oil production reflecting persistent technical problems a and difficult external environment. The real non-oil GDP growth is estimated to have increased to 5.9 percent in 2007 driven by a rebound in agriculture and new mining projects. The current account deficit deteriorated, reflecting higher food prices and lower oil exports. Executive Directors have commended the authorities for Mauritania’s continued satisfactory performance under the Poverty Reduction and Growth Facility-supported program.
Keywords:
ISCR; CR; debt; authority; real GDP; NPV; price measure; concessional terms; debt burden threshold; sustainability framework; Real GDP growth; government policy; Oil; Food prices; Exchange rate flexibility; West Africa; amount equivalent to SDR; IMF arrangement; PRGF arrangement; food access crisis