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Middle East and Central Asia > Mauritania, Islamic Republic of

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Cover High-Level Summary Technical Assistance Reports
Islamic Republic of Mauritania: Climate Mitigation Policy Diagnostic
Diego Mesa Puyo
,
Zhiyong An
,
Thomas Benninger
, and
Nate Vernon
Mauritania requested capacity development from the Fiscal Affairs Department on carbon taxation, fossil fuel pricing and fiscal aspects of hydrogen development. This is a high-level summary of the technical assistant and the recommendations provided to the authorities. The report assesses options to gradually introduce a carbon tax to bring the country in line with its Nationally Determined Contribution for 2030 and net-zero pledge for 2050, including targeted support for vulnerable households. It then reviews approach to price fossil fuel products and proposes a revised methodology better aligned with international petroleum markets, along with a fiscally neutral smoothing mechanism to mitigate the impact of abrupt price changes on Mauritanian consumers. Finally, the report evaluates fiscal aspects related to the development of the low and zero-emissions hydrogen to ensure the country continues to position itself as an attractive investment destination without foregoing future revenue streams.
Keywords:
Carbon Pricing; Carbon Taxes; Fiscal Policy; Climate Mitigation; climate mitigation policy diagnostic; high-level summary; tax volatility; hydrogen development; price setting; Carbon tax; Fuel prices; Climate policy; Non-renewable resources
Cover IMF Staff Country Reports
Nigeria: Selected Issues
International Monetary Fund. African Dept.
This Selected Issues paper presents stylized facts about food insecurity in Nigeria, investigates its drivers in a cross-country setting, and assesses the role of policies. The paper describes regional aspects of Nigeria’s food insecurity and compares the impact of coronavirus disease 2019 and the war in Ukraine on food security in Nigeria and other countries. It also provides an overview of agricultural production and consumption in Nigeria. The paper investigates the drivers of food security using an empirical cross-country framework including demand, supply, and price factors, and offers thoughts on policies to improve agricultural yields and production. The important role of inputs is evident in the policy experience of comparator countries. Nigeria has achieved a substantial increase in agricultural production associated with its policies but some have been less successful. Import dependency for key staples has not fallen and the cost of these agricultural products remains driven by international prices. Further, central bank credit to the agricultural sector has not succeeded in increasing production beyond the stimulus of high rainfall and high food prices.
Keywords:
EIU FOOD INSECURITY index; World wheat price inflation; tax revenue mobilization; food supply; fuel subsidy reform; food price inflation; Mobile banking; Financial inclusion; Food security; Excises; Global; Sub-Saharan Africa
Cover IMF Staff Country Reports
République islamique de Mauritanie : document de stratégie de réduction de la pauvreté
International Monetary Fund. Middle East and Central Asia Dept.
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; civil society; human resources; private sector; job creation; economic value
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Poverty Reduction Strategy Paper
International Monetary Fund. Middle East and Central Asia Dept.
This paper examines the Islamic Republic of Mauritania’s adoption of its third Poverty Reduction Strategy Paper (PRSP) action plan, covering the medium term (2011–2015). Poverty reduction as the ultimate objective of all of the country’s economic social and institutional development policies has informed the context in which the third action plan is being implemented. The safe drinking water supply rate reached 52 percent nationally. In urban areas, the rate of access to private water main connections was 35 percent although it varied significantly from town to town. During the first year of implementation of the PRSP III, significant progress was made with actions targeting good governance and capacity-building in all areas of governance.
Keywords:
ISCR; CR; civil society; human resources; private sector; job creation; economic value; public works; justice system; Food security; Poverty reduction strategy; Global
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Fifth Review Under the three-Year Extended Credit Facility Arrangement, Requests for Modification of Performance Criteria and Extension of the Arrangement—Staff Report and Press Release
International Monetary Fund. Middle East and Central Asia Dept.
Mauritania successfully weathered several exogenous shocks during 2011–12. Political upheaval in neighboring countries has not had detrimental economic effects so far, but political uncertainty remains high. Resilient growth and a continued buildup of external and fiscal buffers characterize better-than-expected macroeconomic developments. Ambitious structural reforms are vital for generating broad-based inclusive growth, promoting employment, and reducing poverty. The authorities will continue to improve transparency and economic statistics. Policy actions laid the foundation for a sound macroeconomic performance, although important challenges and vulnerabilities remain.
Keywords:
ISCR; CR; SDR; government; GDP; exchange rate; price; procurement code; foreign exchange; current account; monetary policy; private sector; Credit; Loans; Nonperforming loans; Global
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Selected Issues Paper
International Monetary Fund
Despite a relatively high GDP growth rate over the past decade (2000–10), economic growth in Mauritania has not been able to make a significant dent in poverty. Rapid and sustained poverty reduction requires inclusive growth that allows people to contribute to and benefit from expanding economic activity. Mauritania needs to make greater progress toward inclusive growth by enhancing the distributional impact of public spending and by improving the quality of pro-poor spending. The Executive Board recommends effective monetary policies to meet the challenges.
Keywords:
ISCR; CR; Mauritania; bank; poverty incidence; bank lending channel; poverty perception; public spending; subsidy reform; funding constraint; Inclusive growth; Credit; Bank credit; Exports; Europe; Global; Sub-Saharan Africa; Middle East; North Africa; East Africa
Cover IMF Staff Country Reports
Mauritanie: Troisième revue au titre de l’accord triennal appuyé par la facilité élargie de crédit-Rapport des services du FMI et communiqué de presse
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; SDR; drought relief expenditure; central bank
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Third Review Under the Three-Year Extended Credit Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion.
International Monetary Fund
The Islamic Republic of Mauritania’s macroeconomic developments have remained broadly positive, despite high international fuel and food prices and the near-term drought impact. Supported by a rapid growth in manufacturing industries, non-oil output is expected to grow by 4.8 percent in 2011 despite the drought-related downturn in agricultural production. A low price pass-through and a prudent monetary policy helped contain inflation. Booming mining exports helped narrow the current account deficit and boost foreign exchange reserves to unprecedented levels.
Keywords:
ISCR; CR; SDR; drought relief expenditure; central bank; program implementation; monetary policy; exchange rate; labor market; Credit; Fiscal stance; Europe; Global
Cover IMF Staff Country Reports
République islamique de Mauritanie: Évaluation ex post d’un engagement à long terme sous programme
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; Fund; executive board assessment; Ex-Post Assessment; assessment; finalized poverty-reduction strategy paper
Cover IMF Staff Country Reports
Islamic Republic of Mauritania: Ex Post Assessment of Longer-Term Program Engagement
International Monetary Fund
In this study, the ex post assessment (EPA) of longer program engagement with Mauritania is discussed. From this program, macroeconomic stability has been achieved. EPAs are intended to provide an opportunity to step back from continuing program relations to consider an analysis of the economic problems facing the country, review progress under IMF-supported programs, and draw forward-looking lessons for future IMF engagement. The newly designed poverty reduction strategy and ECF-supported program addresses the challenges identified by the EPA.
Keywords:
ISCR; CR; Fund; executive board assessment; Ex-Post Assessment; assessment; finalized poverty-reduction strategy paper; executive board discussion; discussions of article IV consultation; structural adjustment; business environment; Poverty reduction; Poverty reduction strategy; Sub-Saharan Africa