This paper presents the Fund’s net income outcome for FY 2010. The actual outcomes in this paper follow the closing of the Fund’s accounts for the financial year and completion of the FY 2010 external audit conducted by Deloitte & Touche, the Fund’s external auditor. The paper also provides an update on the restructuring costs incurred during FY 2010.
This report assesses the Observance of Standards and Codes on Fiscal Transparency for the Islamic Republic of Mauritania. During the past few years, Mauritania has made considerable efforts to improve fiscal transparency. The withdrawal of the government from commercial activities and the banking sector has helped to clarify the role of government in the economy and reduced quasi-fiscal activities. The private sector has a new investment code and is benefiting from simplification of the tax system. The legislative framework underlying the budget is also complete.