Abstract
This paper describes economic developments in Mauritania during the 1990s. Significant progress has been achieved in Mauritania since 1992. Economic growth has held up and the rate of inflation has been contained to below 5 percent. The lingering domestic banking crisis was confronted through a comprehensive bank reform. Firm control has been exercised over fiscal and monetary policies, and remedial measures were introduced to cope with unforeseen fiscal outlays for bank restructuring and to counter the impact of a more adverse export environment.
I. Introduction and Summary
Mauritania, physically among the largest countries in Africa, covers mainly arid land. Recurrent droughts have contributed to the transformation of a largely nomadic society to a sedentary one over the span of a single generation. Close to half of the estimated 2.2 million inhabitants now live in urban areas. Population growth is estimated at 2.7 percent and has outstripped GDP growth over the past decade, exerting pressure on a fragile environment. An underdeveloped road network and inadequate infrastructure hamper economic growth.
Mauritania’s economy is dualistic: capital-intensive activities in mining, industrial fishing, and irrigated agriculture stand in marked contrast with the traditional subsistence sector, centered on livestock. Thus, notwithstanding a per capita income estimated at over US$500, a relatively high level compared with other African countries, social indicators point to difficult living conditions for large segments of the population. Mining and fisheries account for over 95 percent of exports, exposing the economy to volatile international market conditions. Fixed capital formation has been financed mainly through foreign borrowing, resulting in the build-up over time of an external public debt in excess of 200 percent of GDP.
Beginning in 1985 the Government embarked on a comprehensive economic reform strategy aimed at liberalizing the economy, broadening private sector involvement in production, and enhancing the role of market forces. Reform focused on agriculture and state enterprises. This process was imperiled, however, by renewed macroeconomic instability in 1990-91 when adjustment efforts were relaxed at a time of reduced export earnings and a fall in foreign assistance. Reform efforts were resumed in October 1992 when a 27 percent depreciation of the ouguiya was subsequently underpinned by tight fiscal and monetary policies and broad-based economic reform that has received support from foreign donors and creditors.
Significant progress has been achieved since 1992. Economic growth has held up and the rate of inflation has been contained to below five percent. The lingering domestic banking crisis was confronted through a comprehensive bank reform. Firm control has been exercised over fiscal and monetary policies and remedial measures were introduced to cope with unforeseen fiscal outlays for bank restructuring and to counter the impact of a more adverse export environment. Tax reform is being implemented and reform of the fisheries sector is under way. Substantial progress was achieved in eliminating external arrears, including through debt rescheduling. However, notwithstanding these accomplishments, the economy remains highly dependent on foreign assistance and vulnerable to adverse external developments.
This paper provides background information to the staff report for the 1994 Article IV consultation and request for arrangements under the Enhanced Structural Adjustment Facility (EBS/95/2, 1/4/95). Developments in the real sector are discussed in Section II, followed by developments in prices, wages and employment in Section III, and a discussion of public investment in Section IV. Government finance, money and banking, and the external sector are covered in Sections V, VI, and VII. The four appendices contain, respectively, a list of major public enterprises, a summary of the tax system, changes in the exchange and trade system, and the statistical tables.
II. Real Sector
1. Overall developments
During the 1989-93 period, real GDP grew at an average annual rate of about 2.4 percent, compared with population growth estimated at 2.7 percent annually (Appendix IV, Tables 1 and 2). This relatively weak growth performance reflected fluctuations in the level of activity in agriculture, fishing, and iron ore mining, which are three key sectors of the Mauritanian economy, along with livestock breeding (Appendix IV, Table 3). The average rate of GDP growth during 1992 and 1993 amounted to 3.3 percent, compared with an average annual growth rate of 1.9 percent during 1989-91. The upturn in recent years reflects the substantial growth in 1993 resulting from a rebound in output of agriculture and mining.
On the expenditure side, the share of consumption in GDP is estimated at 91.6 percent on average during 1992-93, compared with an average of 90.6 percent during 1989-91 (Appendix IV, Table 4). The share of gross investment in GDP rose from an average of 18.8 percent during the period 1989-91 to an average of 21.9 percent in 1992-93 mainly reflecting an increase in investment by the mining company. The share of imports of goods and nonfactor services in GDP changed little during the period (55.8 percent in 1992-93 compared with 56.6 percent in 1989-91). As the share of exports of goods and non factor services declined steadily over the same period (from an average of 47.2 percent during 1989-91 to 42.3 percent on average in 1992-93), reflecting the poor performance of the export sector, the net result was a widening of the resource gap from an average of 9.4 percent in 1989-91 to 13.5 percent on average in 1992-93. Net factor payments declined from 7.5 percent of GDP in 1989-91 to 5.3 percent in 1992-93, yielding a gross national savings of 3.1 percent of GDP during the period 1992-93 compared with an average of 1.9 percent during 1989-91.
2. Sectoral developments
Mauritania’s primary sector consisting of agriculture, livestock, and artisanal fishing, accounts for about one fifth of GDP. The secondary sector, comprising mining, manufacturing, and handicrafts, and construction and public works accounts for about 28 percent of GDP. 1/ The tertiary sector consisting of commerce, transportation and communication, other services, and public administration accounts for about 42 percent of GDP.
a. Agriculture and livestock
(1) Agriculture
Crop farming in Mauritania has been developed along the Senegal River to the south where production of traditional dryland crops, such as millet and sorghum, has been supplemented by wetland production of rice and other cereals made possible by the installation of large irrigation systems. The agricultural sector is estimated to have grown by 55 percent in 1993 following declines in 1990 and 1992 and modest recovery in 1991. As a result, the share of agriculture in GDP amounted to 4.5 percent in 1993 compared with 3 percent on average during 1990-92.
Food crop production, which had peaked in 1989/90 following the return of more regular rainfall declined again in 1990/91 and remained at low levels through 1992/93 owing to severe drought conditions. In 1993/94 food production recovered as a result of abundant rainfall. Production of cereals, which had stabilized at about 105,000 metric tons during 1990/91-1992/93 recovered to about 160,000 metric tons in 1993/94 (Appendix IV, Table 5). Within the latter total, production of millet and sorghum amounted to about 97,000 metric tons and that of rice (paddy) to about 64,000 metric tons. The decline in cereal production after 1989 resulted in a more than doubling of cereal imports from 95,000 tons in 1989 to over 200,000 tons per annum during 1990-93 (Appendix IV, Table 6).
Promotion of domestic food production remains among the Government’s main priorities. To this end, and in the context of programs for the reform of the agricultural sector and the rehabilitation of public enterprises supported by the World Bank, the role of the public sector in the marketing and pricing of cereals has been reduced. The Government had traditionally played an active role in the latter areas through the food aid agency Commissariat a la Securite Alimentaire (CSA) and through the Societe Nationale d’Importation et d’Exportation (SONIMEX), a public sector agency with private capital participation. As regards marketing arrangements, the CSA no longer processes the locally produced rice (in fact, it has sold its rice mills), and its activities have been reoriented toward both sales of food aid and its free distribution as originally intended (Appendix IV, Table 7). Since 1990, food aid, particularly wheat, has been auctioned to merchants rather than sold directly by the CSA, which has led to an important reduction in the number of its commercial branches. Also, the monopoly over the purchase and marketing of local rice held by CSA and SONIMEX was eliminated in 1990. The monopoly held by SONIMEX for the import of rice, tea, and sugar was eliminated respectively in 1991, 1992, and 1993. The private sector has rapidly replaced the public sector in the processing and retail distribution of rice, as well as in the distribution of sugar and tea.
With respect to pricing arrangements, until recently the Government regulated, at both the producer and retail levels, cereal prices which were not set in a consistent manner (Appendix IV, Tables 8 and 9). For instance, the margin between producer and retail prices of rice was too narrow to cover marketing and processing costs, and did not reflect quality differentials and world market prices. This subsidization of rice cultivation discouraged production of traditional cereals and caused CSA and SONIMEX to incur substantial losses in 1989-90 (Appendix IV, Tables 9 and 10). In the context of the reform program of the agricultural sector, measures were taken to improve the management, programming, and budgetary capability of CSA and to increase its wholesale food sales. Reform measures instituted by SONIMEX aimed at reducing its overhead costs and at setting realistic prices that took into account import costs. Following the liberalization of the import of rice, there was a shift in consumption from domestic rice to imported varieties because of both better quality and lower price. In order to protect local rice production, in 1991 the Government introduced the use of a standard import value that maintains domestic retail prices far above international prices.
(2) Livestock
Consistent with Mauritania’s nomadic heritage, livestock raising continues to be an important activity and accounts for about 16 percent of GDP. The livestock sector exhibited a pattern of steady growth in the 1989-93 period, with value added growing at an average rate of 3 percent per annum and the size of livestock herds in 1993 estimated to exceed the 1985 level by about 7.5 percent (Appendix IV, Table 11). 1/ This growth reflected the effect of improved rainfall during the late 1980s as well as in 1993. Moreover, recent efforts aimed at strengthening veterinary services, containing livestock diseases, increasing sedentary livestock raising, and integrating agricultural and pastoral activities have also contributed to this favorable outcome.
With livestock accounting for about 16 percent of GDP and an unrecorded but probably significant share of exports, full development of the sector’s potential ranks among the top priorities of the Government. In order to agree on a medium-term development strategy for the sector, a Round Table consisting of representatives of the Government, the private sector, and interested donors held discussions in Nouakchott in October 1994. Based on these discussions the Government will develop a comprehensive action plan by mid-1995 with the aim of optimizing resource management in the sector, ensuring rational use of grazing lands and water points, and developing the sector’s forward and backward linkages with the rest of the economy.
b. Fishing sector
Mauritania’s 200-mile exclusive economic zone (EEZ) has some of the richest fishing grounds in the world. Nevertheless, the declared catch has declined during the period 1989-93 possibly as a result of a depletion of some fishing stocks, shifts in the location of the fishing grounds, variation in spawning cycles, increases in the unrecorded catch by authorized and unauthorized boats, as well as a continuing erosion of profitability and a reduction in the number of fishing boats owing to a lack of funds for maintenance and spare parts (Appendix IV, Tables 12-14). 1/ In 1989, Mauritania exported 322,000 tons of fish, with pelagic fish (surface species) accounting for 75 percent, cephalopod (squid) for 12 percent, and demersal fish (deep-sea species) for 4 percent. During the period 1990-92 the volume of fish exports averaged 291,000 tons per year and in 1993 it amounted to 313,000 tons. High-value cephalopod accounted for 19 percent of fish exports in 1993 and pelagic fish for 69 percent. While the decline in the volume of fish exports has been compensated by an increase in their unit prices, Mauritania’s share in an expanding market has declined significantly, particularly in 1994 when the export volume of fish is estimated to have suffered a further drop of close to 30 percent.
Although the fishing sector is the primary source of gross foreign exchange earnings, its net contribution to economic growth remains small because of sizable service payments and capital transfers abroad. 2/ In addition, the sector’s impact on employment has been limited by a shortage of skilled Mauritanian fishermen. In order to address these concerns, the Government prepared a sectoral development letter which was presented to interested donors in a meeting in Nouadhibou in September 1994. Subsequently, a detailed action plan has been prepared centering on: (i) resource management, surveillance, and the prevention of illegal fishing; (ii) investment plans and priorities for the sector; (iii) exit mechanisms for nonviable enterprises; and (iv) transparency and efficiency in the allocation of fishing rights.
c. Iron ore mining
Mauritania’s mining sector is dominated by the production of iron ore under the Societe Nationale Industrielle et Miniere (SNIM), a state-controlled corporation jointly owned by the Mauritanian Government (70 percent) and foreign interests. Iron ore production has been a major component of economic output (accounting on average for about 12 percent of GDP) and the second largest source of foreign exchange earnings. Iron ore production, which had amounted to 12.1 million tons in 1989, declined during the next three years to about 8.3 million tons in 1992 as a result of weak foreign demand. In 1993, the production increased to 9.2 million tons (Appendix IV, Table 15). The outlook for iron ore mining, dimmed by higher than anticipated production costs at the Guelbs mine, brightened considerably with the discovery of a new deposit at Mhaoudat. Operations at the latter mine have been brought on stream recently and with this, total sustainable production levels are projected at roughly 11 million tons per annum.
Mining of other known resources—such as copper, gypsum, and phosphates—is presently limited by low demand and high production costs. A gold recovery project (Morak) at the inactive Akjoujt copper mine, situated at some 260 kilometers northeast of Nouakchott, started production in the second quarter of 1992. Assuming an 80 percent recovery rate, production should total 188,000 ounces of gold over a five-year period.
d. Manufacturing activities
The manufacturing sector (including handicrafts), which represents about 10 percent of GDP, grew by 5.5 percent in 1993 following substantial gains in the previous two years. Manufacturing activities relate mainly to the processing of fish; other manufacturing accounts for only 4 percent of GDP comprising mainly energy, food and beverages, household chemicals, and construction materials. Industrial development in Mauritania is hampered by inadequate infrastructure and lack of skilled labor, a limited market, and an underdeveloped road network. Since the adoption of a new investment code in 1989, the National Commission of Investment has approved more than 100 investment projects for small and medium-sized enterprises. There are no available data on the actual investment undertaken by these enterprises. Based on the project proposals, however, investment under the code is estimated at more than UM 10 billion during 1989-93 and about 4,000 employment positions have been created. Policies aimed at liberalizing domestic markets along with reforms in the exchange and trade regime are expected to improve the investment climate.
e. The public enterprise sector
Mauritania currently has 80 public enterprises involved in virtually all economic sectors (Appendix I). Of these enterprises, 22 are non-commercial including schools, the university, a hospital, and the office of statistics. Of the 58 commercial enterprises, the Government has full ownership of 20, is majority shareholder in another 20, and minority shareholder in the remaining 18 enterprises. Together, these enterprises account for more than half of public investment and for about one third of public and publicly guaranteed external obligations. The sector employs more than one fourth of the modern sector work force.
The overall performance of the public enterprises has traditionally been characterized by low productivity, large losses and payments arrears, heavy debt burdens, and growing illiquidity. The enterprises suffered from weak management, overstaffing, ill-defined relations with the Government, poor investment choices, inappropriate pricing policies, and reliance on monopoly positions and government subsidies. However, since 1985, the Government has embarked on a program to reform the public enterprise sector, with the support of the World Bank. As part of this program, a new law governing public enterprises and a new accounting system have been adopted; several enterprises have been liquidated or privatized while others have been rehabilitated; 1/ and performance contracts foreseen by the law have been implemented.
Under the most recent phase of the public enterprise rehabilitation program launched in 1989, major reforms have been undertaken at the power and water utility (SONELEC), the post and telecommunications agency (OPT), and SN1M. SONELEC’s water and electricity generating and distribution networks have been upgraded and services restored (Appendix IV, Table 18). Progress has also been made in upgrading its accounting and billing systems. Its staffing has been reduced and tariffs have been raised. Operating losses totaling UM 882 million in 1989-90 turned into profits averaging UM 52 million in 1991-92 and UM 553 million in 1993 (Appendix IV, Table 19). Tariffs have been increased in 1992 and 1993 (Appendix IV, Table 20), to ensure the company’s financial viability and SONELEC is now operating without subsidy; its tax-exempt status came to an end in July 1992 (Appendix IV, Table 20). The OPT is responsible for international and domestic post and telecommunications services and for postal financial services. Some progress has been made in improving OPT’s accounting and budgeting system, and a performance contract was signed with the OPT in 1994. The financial position of SNIM has evolved as envisaged under the financial restructuring program and profits have been generated in recent years, partly through cost reductions (Appendix IV, Tables 21-23).
III. Prices, Wages, and Employment
1. Prices
Until 1985, the Government stabilized consumer prices through subsidies and price controls. Since then, controls were progressively dismantled under successive adjustment programs in order to remove distortions in relative prices and reduce the level of subsidies. The domestic prices for petroleum products have been adjusted periodically to reflect import costs, although with only modest increases affecting the fishing industry (Appendix IV, Table 24).
According to the official consumer price index (CPI), the rate of inflation, which had risen to 13 percent in 1989, returned to roughly 6 percent per annum in 1990 and 1991 (Appendix IV, Table 25). The CPI rose by an average of 9.7 percent per annum in 1992-93, but decelerated to 4 percent in 1994 based on actual data through November. However, the CPI only takes account of prices in Nouakchott and suffers from a number of technical deficiencies. Although the index was reviewed in 1989 with technical assistance from the Fund, the recommendation to revise the weights has yet to be implemented. Price collection procedures also remain inadequate, including difficulties in maintaining consistency in the quality of some items surveyed. 1/
2. Wages
Civil service salaries and the minimum wage for industry and agriculture are determined by the Government, while wage rates in public enterprises and the formal private sector are set through collective bargaining. Allowances and fringe benefits for some categories of civil servants, such as teachers and doctors, and for public enterprise employees are relatively high and constitute a substantial share of their total remuneration. Teachers can receive allowances and fringe benefits in excess of their salaries, comprising a rental allowance between UM 1,000 and UM 6,000 a month for those who are not provided with housing, incentive bonuses varying from UM 3,000 to UM 12,000 a month, and allowances tied to their position in a range of UM 2,000 to UM 9,000 a month. Minimum wages were not raised during 1982-91, whereas wages in the public sector were increased under the 1992 budget for the first time since 1985 (Appendix IV, Table 26). The minimum wage was raised by 37 percent in 1992 and by 28 percent in 1993. Civil servant salaries were raised between 11 percent and 31 percent in 1992, and between 10 percent and 24 percent in 1993.
3. Employment
No statistical information is available on employment in Mauritania. However, it is estimated that about 10 percent of the potential working population consists of wage earners, while the remainder is either employed in the informal sector or unemployed. In the modern sectors, the Government is the principal employer, with 19,918 civil servants (excluding house employees paid by the Government) at end-1993, followed by public enterprises with about 10,000 employees. In the past three years, new recruitment has been limited largely to the two priority sectors of education and health., for which the Government has guaranteed employment to students in these fields upon graduation (Appendix IV, Table 27).
IV. Public Investment Program
In view of Mauritania’s limited absorptive capacity and ability to service external debt, the selection of investment projects has focused on the development of key areas of productive potential. Thus, the public investment program (PIP) for the government and state enterprises for 1989-91 identified agriculture, infrastructure and mining, and health and education as priority areas. Within these areas, primary importance was given to the maintenance and rehabilitation of existing assets, and infrastructure development. The total public investment program for 1989-91 was targeted at UM 45 billion (6 percent of GDP on average). However, only about 62 percent of the amount programmed was disbursed, totaling UM 28 billion (Appendix IV, Table 28).
The slow disbursement of amounts programmed for education (28 percent), health (30 percent), and industrial development (45 percent) largely reflects constraints imposed by limited institutional capacity as well as lengthy procedures for the disbursement of foreign grants and loans. Implementation was also impeded as a result of Mauritania’s conflict with a neighbouring country and the occurrence of the Middle East war. Disbursements reached roughly 60 percent of the amounts programmed for agriculture and infrastructure, while 93 percent of planned investments were implemented in the mining sector. The investment program was financed largely from foreign sources, with external grants and loans at concessional terms accounting for 84 percent of the total. Expenditures by SNIM accounted for 33 percent of the total with the continued development of new iron ore deposits.
The public investment program for the period 1993-96, which totals UM 86 billion, is expected to be financed mainly from abroad, with grants and concessional loans accounting for 91 percent of total outlays. Infrastructure projects constitute the largest component of programmed investment (25 percent), followed by agriculture (23 percent), and investments related to bringing new mineral production on line (16 percent). Investment in public health and education constitutes only 10 percent of the total.
V. Government France
1. Institutional background
The nonfinancial public sector in Mauritania consists of the Central Government and its decentralized agencies, local governments and municipalities, and a number of nonfinancial public enterprises. The decentralized agencies that are consolidated in the accounts of the Central Government include the Red Crescent, the National School of Administration, and the National Security Fund. The latter derives its revenue from social security taxes; other decentralized agencies are almost entirely dependent on transfers from the Government. The nonfinancial public enterprises are divided in three categories: (i) national enterprises, which are 100 percent state-owned, and include the public utility companies OPT and SONELEC; (ii) mixed economy enterprises, such as Air Mauritanie and SN1M, that have majority state ownership; and (iii) institutions of common interest (etablissements publics d’interet collective) that are wholly state-owned and include the national company for rural development (SONADER).
The central government budget, which is prepared and executed on a calendar-year basis, has three components: the general budget, the annexed budgets, and several special accounts. The general budget authorizes current operations and the small portion of capital expenditure financed directly from the Treasury. The annexed budgets cover certain public entities and government lending operations, acquisition of equity capital in financial and other enterprises, and special operations such as the local sale of food aid. The entities covered by the annexed budgets derive their resources from government transfers or from fees that they levy. The special accounts are extra budgetary treasury accounts created by law or executive order in which earmarked receipts and external grants are recorded for the purpose of financing specific development expenditures including in agriculture, education, and health. The development support fund (FSD), which is financed through taxes on petroleum products, represented 90 percent of the special accounts expenditures during January-September 1994. In recent years, these accounts have been progressively incorporated into the budget.
Other extrabudgetary operations, especially those concerning investment expenditures financed by external loans and grants are not recorded in the treasury accounts (Appendix IV, Table 29). These operations may take place either abroad with lenders and donors paying suppliers and Mauritania receiving imported equipment, or through an account at the Central Bank, or through cashiers installed in Mauritania by the creditors. In this report, treasury operations and extrabudgetary expenditures are aggregated in the consolidated financial operations of the Government.
The financial operations of the Central Government are recorded on a cash (receipts) or commitment basis in the Treasury, which also fulfills certain banking functions. The Treasury accepts promissory notes with a maturity of four months in payment of certain taxes, principally customs duties. It also holds the funds of public agencies, maintains the cash accounts of the local governments, and receives deposits from the postal checking system, the social security fund, and public enterprises. These deposits represent an important source of treasury liquidity. In this report, these banking functions are classified with the operations of the banking system.
2. Recent fiscal developments
a. overall developments
Developments during the past six years were marked by a major fiscal tightening evidenced by a fall in the overall deficit from the equivalent of 11 percent of GDP in 1989 to 3 percent during the first nine months of 1994 (Appendix IV, Table 30). This trend was interrupted, however, by the impact of the banking crisis on the budget in 1993. The near insolvency of the Mauritanian banking system in this period and the subsequent bank restructuring led to an increase in budgetary expenditures by an estimated UM 8.9 billion (US$75 million, or 7.6 percent of GDP) in 1993. These additional costs stemmed from build-up by the Treasury of claims on banks in the form of checks that could not be honored, the recapitalization of two joint venture banks, and the liquidation of the government-owned development bank. As a result of the 63 percent increase in expenditure, and despite a 46 percent increase in revenue, the overall deficit of the consolidated government financial operations (excluding grants) doubled in terms of GDP to the equivalent of 11 percent in 1993 from 5.4 percent in 1992. Following the 1992-93 banking crisis, the Government’s fiscal strategy has aimed essentially at turning the balance of treasury operations into a surplus by returning to the original fiscal adjustment path envisaged prior to the banking crisis. As a result of the measures implemented in 1993 and 1994, the deficit of the consolidated government operations (excluding grants) in relation to GDP shrunk to 3 percent during the first three quarters of 1994 from 5.8 percent during the corresponding period in 1993.
In 1992, as in the previous year, the fiscal deficit was financed to an important extent through a build-up of external arrears. Net foreign financing amounted to only UM 0.6 billion as grants and loan disbursements, which formed the counterpart to capital expenditure, only marginally exceeded amortization due. Domestic financing was negative (about UM 1 billion). This shortfall in regular financing led to a large accumulation of arrears on external debt payments to Paris Club and other bilateral and multilateral creditors amounting to UM 6.4 billion (6.2 percent of GDP). Consequently, the stock of external payments arrears reached an estimated UM 16.4 billion as of end-1992. In 1993, by contrast, a substantially larger deficit was fully financed, mainly reflecting delayed disbursement of World Bank cofinancing loans (UM 4 billion), moderate recourse to domestic financing (UM 3 billion), and exceptional financing (UM 5.6 billion) granted through a Paris Club rescheduling on enhanced concessional terms (UM 25.3 billion). The latter also covered outstanding arrears, in addition to maturities due. During the first nine months of 1994, the financing need (including external debt amortization) was more than covered by foreign grants and loans (UM 4.7 billion) and exceptional financing (UM 1.2 billion), thus allowing net repayment by the Government of UM 2.2 billion of domestic bank borrowing.
On the structural front, the Government has embarked on a number of tax reforms since 1990 aimed at strengthening tax administration and broadening the tax base, inter alia. The number of tax exemptions was reduced and a value-added tax was prepared for introduction on January 1, 1995. As discussed, the authorities also launched a broad program of public enterprise reform with the financial support of bilateral and multilateral creditors, including the World Bank. These reforms aimed, in particular, at restoring the profitability, mainly through cost-cutting, of those enterprises that were considered strategic, and at privatizing others.
b. Budgetary revenue
Budgetary revenue accounts for more than 95 percent of total government revenue, excluding grants. It increased at an average annual rate of 18.6 percent during 1992-93 and 16.8 percent during the first three quarters of 1994. In real terms, the increase in budgetary revenue collection accelerated from an average of 9 percent during 1992-93 to 13 percent in the nine months ended September 1994.
In 1992, budgetary revenue rose by 7 percent to the equivalent of 20.3 percent of GDP. In addition to the revenue impact of the 27 percent devaluation of the ouguiya in October 1992 and improved tax collection efforts, particularly on business profits, the higher revenue also reflected the increase in the rate of the statistical tax and of higher import duties, including for wheat. As a result, the share of taxes in total budgetary revenue increased to 81 percent in 1992. In 1993, budgetary revenue increased further, by 31.6 percent in nominal terms, to the equivalent of 24.2 percent of GDP reflecting the full-year impact of the devaluation on proceeds from taxes on international trade and the introduction of a number of revenue-enhancing measures. The latter included a tripling of the rate of the statistical tax to 3 percent, a reduction in exemptions from customs duties on imports of tires, a 5 percentage point increase in the customs duty rate on imports of textiles, and the elimination of the tax-exempt status previously granted to SONELEC.
In 1994 the initial budget aimed to lower the overall deficit to 3.3 percent of GDP. Measures introduced included, inter alia, the elimination of exemptions from petroleum import tax enjoyed by SNIM and SONELEC, the imposition of profit taxes on foreign companies engaged in construction work in Mauritania, and increases in the turnover tax and in taxes on gasoline and gas oil as well as the introduction of a progressive wealth tax on the livestock sector. However, because of continued slippages in the external sector, the Government tightened fiscal policy further in June 1994 and submitted a budget supplement to Parliament comprising additional revenue measures of UM 1.4 billion (1.1 percent of GDP). These measures included additional taxation of imports of petroleum products by the mining company, and the introduction of new taxes on cement, airport usage, and telephone services.
Budgetary revenue during the first nine months of 1994 amounted to UM 22.6 billion (17.8 percent of GDP), compared with UM 19.3 billion (16.8 percent of GDP) during the first three quarters of 1993. During the 1994 period, a slight shortfall in tax revenue was offset by good performance of nontax receipts (Appendix IV, Tables 31 and 32). The relatively low tax collection is mainly attributable to the problems experienced by the pelagic fisheries industry, as export tax receipts from this activity were 22 percent below the amount collected during the same period in 1993. Overall, as a result of the initial and supplementary budgets, total domestic revenue increased by 10.6 percent during the first three quarters of 1994 over the corresponding period in 1993.
In the structural area, tax reforms that had already been initiated were carried forward in 1994. Legislation concerning a value-added tax (VAT) was adopted in 1994 and the new tax will come into effect on January 1, 1995. To broaden the tax base, the authorities also eliminated a number of tax exemptions in 1994. Tax administration has been strengthened, including through improved coordination between the tax collection and audit functions. In order to reinforce further the revenue base and reduce distortions, the Government decided to replace from September 1, 1994 onward, the system of export taxes in the fisheries sector with a new system based on auctioned licenses for industrial fishing and by a territorial fee system for artisanal fishing.
c. Budgetary expenditure
Total budgetary expenditure and net lending (excluding restructuring operations and foreign-financed investment outlays) grew by 13.5 percent on average during 1992-93, and by 9.4 percent during the first three quarters of 1994 over the corresponding period of 1993 (Appendix IV, Table 33). Current budgetary expenditure also grew at about the same rate, although trends among current expenditure categories differed markedly. In particular, interest on public debt almost doubled during 1992-93, average growth in military outlays was limited to 6 percent, and transfers and subsidies virtually stagnated in nominal terms. In relation to GDP, total budgetary expenditure and net lending (excluding restructuring operations and foreign-financed investment outlays) remained stable, averaging nearly 22 percent during 1991-93. However, including restructuring expenditure, total expenditure climbed to the equivalent of 31.7 percent of GDP in 1993 from 22.3 percent in 1992; this was attributable mainly to the budgetary costs of the banking system bailout operations.
In 1992, despite the increase by one third in interest payments due, total expenditure and net lending were reduced by more than half a percentage point of GDP because of a reduction in outlays and restraint on wage increases. Reflecting the measures undertaken in support of the exchange rate adjustment in early October, current outlays as a percent of GDP fell by 0.7 percent to 18.6 percent. The increase in the wage bill did not exceed 10 percent in nominal terms notwithstanding the devaluation, which implied stagnation in real wages after adjustment for inflation. Moreover, other current outlays, including for defense, and investment expenditure also declined in real terms.
In 1993, the growth in budgetary expenditure and net lending (excluding restructuring operations and exceptional outlays related to the bailout of commercial banks) was 18.5 percent in nominal terms, implying an increase in relation to GDP of 1.5 percentage points over 1992. Partly reflecting additional recruitment in the health and education sectors, the wage bill rose by 7.9 percent in nominal terms, which, however, implied a fall in real terms of 1.4 percent. 1/ For the second year in a row, the increase in current military expenditure was limited to 6 percent in nominal terms, leading to a significant decrease in real terms. However, appropriations for goods and services increased sharply, by almost 24 percent in nominal terms, and interest due rose by 48 percent, mainly reflecting the impact of the currency devaluation. Domestically financed investment outlays increased sharply from UM 1.6 billion in 1992 to UM 2.4 billion, equivalent to 0.7 percent of GDP. Foreign-financed investment expenditure and restructuring operations also rose, mainly on account of the larger than expected fiscal cost of the banking crisis and, to a lesser extent, the additional outlays associated with the resumption of disbursements of program lending by the World Bank and other creditors. With a view to enhancing the quality of fiscal expenditure, the Government decided to launch a periodic review of the public investment program (PIP) with World Bank assistance, focusing in particular on the use of the counterpart funds of foreign assistance and the reorientation of expenditures toward basic education and health services through the preparation of functional budgets for regional health and education centers.
Expenditure in the first nine months of 1994 was broadly in line with the budgetary targets. The increase in the wage bill was contained within 6 percent over the level during the corresponding period in 1993. This increase reflected normal salary scale progression and recruitment in the education and health sectors for social priority purposes. Defense outlays as a share of GDP were reduced further to 2.2 percent during January-September 1994 compared with 2.4 percent a year earlier, consistent with the policy objective of reducing military expenditures each year after allowing for inflation. In the first three quarters of 1994, a significant share of budgeted capital transfers and restructuring outlays financed by domestic counterpart funds of foreign program assistance were postponed. Furthermore, additional expenditure restraint was applied in the context of the June 1994 supplementary budget that intended to further tighten domestic demand to redress slippages in the external area. These measures amounted to UM 340 million (0.3 percent of GDP) and comprised mainly a lowering of authorized outlays for goods and services by 10 percent and reductions in investment expenditure. Overall, total expenditure and net lending fell by 2.4 percent in nominal terms during the first three quarters of 1994 compared with the same period in 1993.
As regards structural reforms, since 1993, prices of petroleum products and public utility tariffs have been adjusted as required with a view to avoiding a re-emergence of subsidies. However, some cross-subsidization of petroleum products has persisted, including the pricing of diesel fuel for fishing boats and of kerosene below their costs. Also, the financial performance of Air Mauritanie has fallen short of target as tariffs have not kept up with costs and subsidies were received to cover nonprofitable domestic destinations.
In 1994, progress was achieved in restructuring public enterprises. Cost-cutting measures resulted in enhanced profitability of SNIM. As agreed with the World Bank and bilateral and multilateral donors, performance contracts were negotiated with OPT, the Port of Nouadhibou (PAN), and Air Mauritanie, to secure their long-term financial viability. In the enterprises that remained public, cost-saving efforts were made to avert the need for periodic recapitalization to cover operating losses. However, privatization of the insurance company (NASR) and the sale of an additional 15 percent of the Government’s stake in the SMCP (which would be consistent with the target of limiting government ownership to 35 percent), were still pending.
VI. Money and Banking
1. Institutional aspects and the state of the banking system
As of end-September 1994, the Mauritanian monetary and banking system comprised the Central Bank of Mauritania and four banks, including one bank that follows Islamic banking principles (Appendix IV, Table 36). The Treasury and the Postal Checking System also perform monetary and financial functions. The Central Bank controls credit to the private sector by means of rediscounts in favor of the deposit money banks and through statutory reserve requirements, and may rely on prior authorizations for the extension of short-term credits. As part of a move toward indirect monetary policy, the Central Bank has instituted periodic treasury bill auctions beginning in July 1994.
The situation of the Mauritanian banking system was very fragile through 1993, as inadequate management and supervision hampered the attainment of the objectives of the restructuring program undertaken in 1989-90 with support from the World Bank. This program aimed at establishing new procedures and banking regulations; strengthening supervision by the Central Bank; and reorganizing, restructuring and privatizing and/or merging commercial banks with a view to transforming them into viable financial institutions.
The regulatory measures called for by the above-mentioned reform program were adopted but not effectively implemented. Both the commercial banks and the Central Bank were responsible for this outcome. Banks continued to liberally extend credit in the form of overdrafts and continued to grant additional loans to the financially troubled agricultural and fishing sectors. Faced with this situation, the banks did not make appropriate provisions for delinquent loans nor did they attempt to improve the quality of their portfolio. As a result, nonperforming loans represented about 50 percent of total outstanding credit to the private sector. As regards the Central Bank, the quality of the claims that it accepted as collateral for the refinancing extended to the banking sector remained weak. The Central Bank was unable to ensure compliance with prudential ratios; in particular, it failed to exercise effective supervision of banks, in part owing to staff constraints, and to enforce periodic and adequate auditing of banks as well as the publication of their financial statements. Ultimately, the Central Bank had to intervene directly in the management of individual banks. As a result of these developments, the two banks that had been recapitalized with the participation of the Treasury 1/ and the support of the World Bank—the Union des Banques de Developpement (UBD) and the Banque Nationale de Mauritanie (BNM)—were again facing a difficult financial situation in 1992. Also, two other banks (BALM and BAMIS) were not in a healthy position.
By 1992, the escalating banking crisis had resulted in disruption of financial intermediation, the build-up by the Treasury of claims on banks in the form of checks that could not be cashed, and the interruption of import financing due to the persistence of external arrears. Within the framework of the 1992-94 ESAF arrangement with the Fund the Government undertook to confront the crisis. The main elements of its reform program for the banking sector consisted of the closure and liquidation of the government-owned development bank (UBD); the recapitalization and/or full privatization of Mauritania’s four commercial banks; the launching of a loan recovery program including enactment of new legislation; and a strengthening of the supervisory role of the Central Bank.
The development bank, itself a merger of two government banks that experienced difficulties in the 1980s, had become insolvent in view of a heavily impaired loan portfolio, notably to the fisheries sector. The bank was closed in June 1993, a liquidator was appointed, and rules for compensation were established. Priority was given to severance pay for employees, small private deposit holders, and deposits of Mauritanian workers abroad and foreign embassies, which received full compensation. Deposits of state enterprises, net of outstanding loans from the UBD, were compensated only in part, and in the form of treasury bills. Claims held by the Central Bank on the UBD were replaced by treasury bonds. A solution remained to be found for the external liabilities of the UBD, mainly vis-a-vis foreign commercial banks, which the Government intends to take up as part of the larger problem of external arrears on commercial debt. Some of the crop lending functions of the UBD were transferred to agricultural credit cooperatives which receive support from bilateral donors.
The Government’s role in the banking sector was further reduced through the completion of the privatization of three of the four commercial banks. The 10 percent share held by the Government in both the BMCI and BAMIS was sold to the private sector. Also in 1993, an agreement was reached between the Government and the private shareholders of the BNM whereby the Government relinquished its 46 percent share in the BNM, gave up treasury claims in the form of uncashed checks, assumed responsibility for certain claims on public enterprises it had guaranteed, and compensated the Central Bank for its exposure to the BNM. In exchange, the private shareholders committed to augment the bank’s capital as indicated by the audit and to assume full responsibility for any future increases in capital that might be called for.
Three banks were recapitalized in 1993 on the basis of the results of external audits undertaken with assistance from the World Bank. 1/ The capital of the BALM, subsequently renamed Chinguitty Bank, was raised from UM 520 million to UM 2 billion, with the Government of Mauritania and the Libyan partner both contributing half of the amount. The BAMIS, a joint venture Involving the Saudi Arabian Group Al Baraka (which is run according to Islamic banking principles), received a capital injection of UM 2 billion, bringing its capital to UM 3 billion. The private shareholders of the BNM brought in fresh capital of UM 500 million in 1993. 2/ In all, the budgetary impact of the bank restructuring in 1993 was UM 8.9 billion (US$75 million, or 7.6 percent of GDP).
The new loan recovery law which was approved by parliament in February 1993, strengthens the rights of banks and lowers the cost of seeking recourse through the courts. Following the enactment of the law, a loan recovery agency (Agence de recouvrement des creances bancaires—ARCB) was established. The agency first took over the loan portfolio of the UBD and later (in July 1994) the nonperforming loan portfolio of the BNM. The former amounts to about UM 14 billion, and the latter to about UM 7 billion. The total recoverable amount is estimated at UM 5 billion. The total amount of nonperforming loans recovered was UM 192 million in the last quarter of 1993 and UM 376 million during the period January-November 1994. The Government loan recovery target for all of 1994 was UM 600 million (revised downward from the original target of UM 1 billion), and with the envisaged recovery of UM 275 million in December 1994, would be achieved.
As part of the 1989-90 restructuring program of the banking system, an interbank money market was created in 1990, which allowed participating banks to adjust their temporary cash imbalances. Following a period (during 1991 and early 1992) when a noticeable increase in transactions in the money market took place, 1/ such transactions were subsequently considerably reduced and credit to the private sector slowed down. Since mid-1994, periodic treasury bill auctions have been held allowing the introduction of a freely determined interest rate. Subsequently, the Central Bank opened a discount window using treasury bills as collateral to allow banks to finance temporary liquidity needs.
2. Recent credit and liquidity developments
During the period December 1992-September 1994 monetary policy was restrained. The net domestic assets of the banking system which had grown by 39 percent during the period December 1990-December 1992 (in part reflecting the balance sheet impact of the currency depreciation) and amounted to UM 59.7 billion at end-1992, declined by 5 percent to UM 57 billion at end-September 1994 (Appendix IV, Table 37). Domestic credit, which had risen by 10 percent during the period December 1990-December 1992, spurred by lending to the private sector, rose by only 1.5 percent during 1992-September 1994. Broad money which had expanded by 17 percent during the period December 1990-December 1992, fell by about 13 percent during the period December 1992-September 1994.
During 1993, outstanding credit of the banking system rose by UM 3.3 billion, equivalent to 12 percent of beginning period money stock. This increase was mainly on account of net credit expansion to the Government—reflecting the impact of the fiscal cost of bank reform which was only partly offset by a build-up in local currency deposits that form the counterpart to foreign aid funds. Notwithstanding this credit expansion, the growth in broad money was limited to less than one percent. This came about as the capital accounts of the banking system increased sharply reflecting the recapitalization. The impact of the latter exceeded net credit expansion, allowing net domestic assets (excluding valuation changes) to decline significantly. The corresponding fall in the banking system’s net foreign liabilities (SDR 27 million) reflects a temporary build-up in foreign assets as a result of the direct capital inflows in support of the joint-venture banks, and in particular substantial payments by the Central Bank of overdue external obligations which it had taken over from commercial banks (Appendix IV, Tables 38, 41, and 46). 1/
During January-September 1994, the tight monetary policy followed by the authorities was evident in a 13 percent decline in broad money. This contraction is attributed mainly to a reduction in net credit to the Government (Appendix IV, Table 40). The fall in net bank credit to the Government reflects the restrained fiscal policy stance adopted by the authorities and to a lesser extent the impact of issuing treasury bills to the non-bank sector, mainly public enterprises. Another factor noticeable in the consolidated balance sheet of commercial banks is the stability of credit to the economy during the period January-September 1994 which reflects continued caution on the part of banks to extend new credit in view of the overhang of nonperforming loans and pending completion of their restructuring. The net foreign liabilities of the banking system increased slightly (SDR 4 million). This development reflects continued efforts by the Central Bank to reduce its liabilities vis-a-vis foreign commercial banks, made possible in part by the use of Fund resources.
During the period under consideration, there has been no discernible change in the structure of interest rates in Mauritania, except that as of June 30, 1994, the minimum interest rate on time deposits with maturities over 12 months (8 percent) was abolished and the interest rate on time deposits with maturities between 3-6 months was reduced from 7.5 percent to 7 percent (Appendix IV, Table 42). Since mid-1994, a freely determined interest rate has been introduced through periodic auctions of treasury bills. The average rate of interest for the six auctions held during July-November 1994 was about 6 percent.
The share of short-term credit (less than two years) in total credit increased from 89 percent at end-1990 to 94 percent at end-September 1994. Short-term credit, which had averaged UM 30.6 million in 1990-91, increased to UM 34.5 in 1992 and UM 38.2 at end-September 1994 (Appendix IV, Table 43). Fishing and commerce were the two sectors receiving most of the credit; as of September 30, 1994 short-term credit to these sectors amounted to UM 14 billion and UM 13.3 billion, respectively. The increase in the credit to the fishing sector during the period under consideration was more than that to commerce. The other major recipients of bank credit were services, manufacturing, construction, and transport.
VII. External Sector
1. Balance of payments
a. Background and overall developments
Analysis of the balance of payments in Mauritania is hampered by methodological weaknesses, in particular regarding the recording of imports which is not based on customs data. Nearly 50 percent of the value of imports recorded in the balance of payments is derived from the Central Bank’s foreign exchange record, after limited adjustments are made; the remainder is recorded on a transactions basis from various official sources including notably, the Ministry of Plan (public investment program), the iron ore company (SNIM), bilateral donors (food aid), and the Central Bank record of authorizations granted to individuals and enterprises for imports which are settled through their own foreign exchange. The reliability of the nonfactor services account is also affected by the exclusive reliance on the foreign exchange record, particularly because mutually offsetting transactions related to the fishing sector between Mauritanian residents and nonresidents are not always consistently reflected in the exchange record. Finally, technical assistance services obtained by Mauritania as well as their counterpart entry under official grants are apparently overestimated. In order to improve the quality of the sources of information for the compilation of the balance of payments, the Central Bank has taken the following steps since 1993: (i) establishment with the Customs Office of an import data base covering the period 1990-94, that could replace the exchange record as a source of information starting in 1995; and (ii) the completion of a comprehensive survey among donors for improving the method of measuring technical assistance services. In view of the limitations outlined above, the balance of payments data should be interpreted with caution.
The external payments position of Mauritania deteriorated significantly during 1992 and 1993. A 27 percent depreciation of the ouguiya in October 1992 and the prevalence since then of tight demand management policies, which maintained the gains in competitiveness, could not outweigh a markedly adverse export environment. Thus, in 1992 the external current account deficit (excluding official transfers) widened to the equivalent of 16.6 percent of GDP against 14.7 percent in 1991 (Appendix IV, Table 44), notwithstanding an exceptionally strong inflow of workers’ remittances. A major factor behind this deterioration was a swing in the trade balance from a surplus of SDR 13 million in 1991 to a deficit of SDR 30 million in 1992. This reflected a weak performance of iron ore exports and higher imports, on account of a one-time surge in capital imports by SNIM. Although official grants and net capital inflows were higher in 1992 than in 1991, mainly reflecting increased program-related grants and larger project-related financing received by SNIM, the resulting overall deficit (SDR 61 million) gave rise to an accumulation of arrears in external debt service payments by the Government and public enterprises. As of end-1992, the stock of such arrears stood at SDR 190 million (Appendix IV, Table 45). On the same date arrears on commercial debt amounted to an additional SDR 115 million. 1/ The gross foreign exchange reserves of the Central Bank remained unchanged at the equivalent of 1.2 months of imports (Appendix IV, Table 46).
In 1993, the external current account deficit widened further to the equivalent of 21.1 percent of GDP, notwithstanding a 10 percent decline in the value of imports, a modest recovery in exports of iron ore, and higher gold export receipts. The lower level of imports reflected reduced capital import requirements by SNIM, in line with the coming to an end of a major capacity expansion project, and lower import demand in response to the devaluation and accompanying restrained financial policies. The unfavorable evolution of the external current account in 1993 was attributable to the following factors: (i) a weak performance of fish exports reflecting a sharp decline in world market prices for cephalopod, which account for two thirds of fish export receipts; (ii) a fall in private transfers from the exceptionally high levels registered in 1992; and (iii) a deterioration in the balance of services. Official grants and net capital inflows were markedly higher than in 1992 despite lower project loan disbursements for SNIM in line with its reduced investment program. This reduction was offset by increased program-related assistance, a very high level of direct foreign investment in the banking system, and a surge in short-term capital inflows including unexplained capital inflows of SDR 14 million. The resulting overall balance of payments deficit declined from SDR 61 million in 1992 to SDR 19 million. Despite this improvement, the Central Bank lost SDR 12 million in reserves mainly because of the need to settle in cash part of the arrears on commercial debt so as to keep a minimum of lines of credits opened to finance imports. Arrears on public external debt were reduced to SDR 58 million as of end-1993 reflecting the rescheduling received from Paris Club creditors as well as other bilateral creditors (see subsection 2 below). Negotiations with non-Paris Club bilateral creditors continued throughout the year resulting in a small reduction in these arrears. Arrears on commercial debt were reduced to SDR 77 million at end-1993 through cash settlement and rescheduling.
On the basis of developments during the first nine months of 1994 and taking into account the further tightening of macroeconomic policies since June 1994, the external current account deficit for 1994 is projected to narrow to the equivalent of 13.8 percent of GDP. This projection is predicated on: (i) a 12 percent fall in imports, reflecting the nonrecurrence of exceptional imports of fishing vessels, a further reduction in capital import needs by SNIM, and lower import demand related to both tight demand management and increased domestic food production; (ii) marginally lower export receipts reflecting a further decline in fish exports, on account of exceptionally weak export demand and an unexpected decline in the catch, which would be partially cushioned by a further recovery in iron ore export volumes, particularly during the last quarter of the year; and (iii) more favorable balance of services owing mainly to lower debt service payments due on account of the rescheduling obtained in 1993. Official grants and net capital inflows are projected to be significantly lower than in 1993 despite lower principal falling due (reflecting the 1993 rescheduling). This decline is due principally to: (i) the emergence of short-term capital outflows, mainly reflecting trade credit payments, in contrast with the exceptionally high inflows recorded in the previous year (see subsection e. below); and (ii) a decline in long-term gross capital inflows on account of lower disbursements on import-related loans by SNIM and the nonrecurrence of the exceptionally high levels of direct investment capital for the banking system.
Reflecting these developments, the overall balance is projected to register a deficit of SDR 7 million, compared with SDR 84 million on average during 1990-92. Exceptional financing is projected at SDR 22 million, which reflects the debt rescheduling obtained during the third quarter of 1994 from bilateral creditors that are not members of the Paris Club and the expected additional rescheduling following the conclusion of ongoing negotiations before year-end (see subsection 2 below). Reflecting the above developments, arrears on external public debt, which had fallen from SDR 58 million at end-1993 to SDR 35 million at end-September 1994, are projected to decline further to SDR 21 million by year-end. Arrears on commercial debt are projected to rise by SDR 3 million to about SDR 80 million by year-end reflecting a net accumulation of arrears incurred during the third quarter of the year. The gross foreign assets of the Central Bank are projected to rise by SDR 9 million to the equivalent of 1.3 months of imports.
b. Merchandise trade
(1) Exports
Export performance has been profoundly affected by adverse developments in world markets. In 1992, lower export prices led to an 8 percent decline in export earnings (Appendix IV, Tables 47 and 48). A sharp fall in iron ore exports (29 percent), was triggered by the softening of world demand and prices. This fall was only partly compensated by the improved performance of the fisheries sector in response to the exchange rate adjustment and the modest contribution to export earnings by the coming on stream of the gold mine. Fish exports increased by 7 percent, largely reflecting a rebound in cephalopod export volumes (26 percent). In 1993, export performance was further weakened with earnings recording a 3 percent decline attributable mainly to a 13 percent fall in unit values (Appendix IV, Table 48). Although fish export volumes continued to grow strongly under the combined impact of the exchange rate adjustment and a favorable production cycle, a 27 percent decline in prices of cephalopod led to a 9 percent fall in export earnings. The lower prices reflected in part problems encountered by the marketing company SMCP. Iron ore exports rose modestly as a 15 percent decline in prices nearly wiped out the favorable impact of strong volume growth. During the first nine months of 1994, export receipts were 7 percent lower than during the similar period in 1993 reflecting lower export volumes of fish and a further decline in the world market prices for iron ore. Fish export earnings continued to suffer despite a significant improvement in prices of cephalopod since the second quarter of the year owing to weak demand conditions, particularly in the Japanese market, and an unexpected decline in the catch. Exports of pelagic fish declined markedly as there continued to be disagreements with the foreign partners in joint ventures regarding the production-sharing formula.
(2) Imports
The evolution of imports during 1992-93 was significantly influenced by the capital import needs of SNIM and the macroeconomic policies pursued during the period. Total imports rose by 7 percent in nominal terms in 1992 mainly reflecting volume growth (Appendix IV, Tables 48-50). When imports by SNIM are excluded, the growth in the value of imports falls to 1.5 percent with most of this growth accounted for by the stockpiling of goods that occurred during the first nine months of the year in anticipation of the exchange rate adjustment. In 1993, overall imports declined by 11 percent and by 1 percent when SNIM’s imports are excluded. The exceptional import of fishing vessels which had been contracted several years earlier masks a 10 percent reduction in imports, distributed among practically all categories of imports as a result of a contraction in demand. During the first nine months of 1994 imports fell significantly, although their decline came to a halt in the third quarter possibly in conjunction with temporary stock building. For the year as a whole the outlook is for an estimated 12 percent decline in the value of imports.
(3) Terms of trade
Mauritania’s terms of trade improved marginally in 1992 before decreasing by 15 percent in 1993 (Appendix IV, Table 48). A drop in the export price of the two main export commodities in 1992 was slightly exceeded by a decline in the overall level of import prices. The deterioration in 1993, stems from the sharp decline in export prices which was compounded by higher import prices.
(4) Direction of trade
Direction of trade statistics for Mauritania rely exclusively on data provided by partner trading countries. These data differ considerably from trade data gathered in Mauritania. Export of iron ore continues to be directed mainly to the European Union. Exports of cephalopod are directed primarily to Japan and those of pelagic fish to the former U.S.S.R. and more recently to a number of African countries. Imports originate mainly in Europe, with France maintaining its predominant role by supplying about one third of all imports to Mauritania, followed by Spain. The increase in the import share by the Netherlands in 1993 is mostly accounted for by the fishing vessels. Imports from developing countries have seen a recent increase in their share of the Mauritanian market growing from 21 percent of total imports in 1991 to 25 percent in 1993 (Appendix IV, Tables 51 and 52).
c. Services
The services account deteriorated in 1992 and 1993 following an improvement in 1991 (Appendix IV, Table 53). In 1992, the deterioration reflected higher interest payments due, including notably late interest. In 1993, it was largely accounted for by lower fishing royalties and a decline in receipts of consular fees and miscellaneous private services, which outweighed a fall in import of services by the fisheries sector. Data regarding the fisheries sector is inconclusive because, as mentioned earlier, the foreign exchange record may not fully record services acquired through nonrepatriated earnings (Appendix IV, Table 54). Furthermore, the same information differs from one source to another.
d. Private and public transfers
The evolution of total transfers during 1992 and 1993 reflects, to a large extent, the behavior of Mauritanian workers’ remittances in response to the introduction in late 1991 of the preferential exchange rate which privileged those transactions and to its abolition in late 1993. Total net transfers increased from SDR 50 million in 1991 to SDR 85 million in 1992, and declined to SDR 75 million in 1993. Net private transfers switched from a deficit of SDR 11 million in 1991 to a surplus of SDR 19 million in 1992, and then again to a deficit of SDR 1 million in 1993 on account of the swings in the above-mentioned remittances. Net official transfers, on the other hand, rose successively reflecting the sustained resumption of external assistance in support of Mauritanian adjustment efforts (Appendix IV, Table 55).
e. Capital account
The capital account registered increasing surpluses in 1992 and 1993. In 1992, higher disbursements of official loans on account of increased financing requirements by SNIM more than compensated for higher amortization payments due. At the same time, small repayments on trade credits were fully offset by unexplained capital inflows—in contrast to the high capital outflows recorded in 1991—and a modest increase was registered in direct investment. In 1993, program-related lending increased sharply, more than offsetting the decline in project-related financing to SNIM as the above-mentioned investment neared its completion. Direct investment also rose to an exceptionally high level as capital injections in two domestic banks became necessary as part of the reform of the banking system. Short-term capital inflows amounted to SDR 24 million consisting of short-term financing for the import of fishing vessels and the re-emergence of unexplained capital inflows amounting to about SDR 15 million.
2. External debt
The total outstanding external debt of Mauritania averaged about SDR 1.56 billion during 1991-93 reaching the equivalent of 230 percent of GDP as of end-1993 (Appendix IV, Table 56). The contracting of new medium-and long-term borrowing continued to be limited to loans at highly concessional terms (Appendix IV, Table 57). With regard to the composition of outstanding debt, there was an increase in the relative importance of borrowing from multilateral creditors (in particular the African Development Bank, the African Development Fund, and the European Investment Fund) with their share increasing from 34 percent of the total in 1991 to 40 percent in 1992 and 1993. Outstanding debt to bilateral creditors decreased in 1992 across the board (Appendix IV, Table 58). In 1993, however, it increased with Japan recording a significant rise in its share of total loans. In terms of the composition of the debt by domestic debtors, the outstanding debt of the Central Government declined in importance in 1992 relative to the debt of public enterprises as the combined borrowing by SNIM and SONELEC increased sharply. In 1993, however, the share of the Government rose again reflecting increased borrowing related to programs and projects combined with net repayments mostly by SONELEC (Appendix IV, Table 59).
In January 1993, Mauritania was granted a debt rescheduling from Paris Club creditors on enhanced concessional terms offered to low income countries. The consolidated amounts included outstanding arrears and maturities due in 1993 and 1994 and included precut-off date debt, debt not previously rescheduled and debt previously rescheduled at nonconcessional terms. In addition, some Middle Eastern and Asian bilateral creditors who are not members of the Paris Club also agreed to reschedule external debt obligations later in 1993. As mentioned earlier, negotiations with other non-Paris Club creditors continued during 1993 and 1994 but did not lead to agreement that year thus preventing the full elimination of arrears (Appendix IV, Table 45).
3. Exchange and trade system
During 1992-94, Mauritania’s exchange and trade system has been substantially liberalized. A comprehensive description of the system as of December 31, 1993 and of the changes introduced during 1993 is contained in the 1994 Annual Report on Exchange Arrangements and Exchange Restrictions. The measures taken during the period January-November 1994 to further liberalize the system are described in Appendix III. They include, amongst others: (i) reduced reliance on surrender requirements of foreign exchange by exporters to the banking system and by commercial banks to the Central Bank; and (ii) simplification of procedures for: the delegation of power by commercial banks to authorized nonbank establishments to buy foreign exchange currency, the opening of foreign currency-denominated accounts by exporters at domestic banks, and the making of certain current payments.
The currency of Mauritania is the Mauritanian ouguiya. Since October 1992, a two-tier exchange system has been operating, not including the parallel market. The official exchange rate for the ouguiya is determined on the basis of a basket of currencies comprising the Belgian franc, the Deutsche mark, the French franc, the Italian lira, the Spanish peseta, and the U.S. dollar. The relative weights assigned to these currencies are based on transactions and are revised from time to time. The level of the official exchange rate is kept under review, taking into account a broad range of indicators, and is adjusted as necessary. On November 30, 1994, the midpoint exchange rate of the ouguiya in terms of the U.S. dollar was UM 126.95 per US$1.
A limited market for foreign currency notes and traveler’s checks at the level of commercial banks has been operating since October 1992, where the buying and selling rates are freely determined. Purchases of foreign exchange are on a no-questions-asked basis and sales are made without limits for bona fide payments for invisible transactions (e.g., travel, medical, and educational expenses). The BCM sells foreign currency notes and traveler’s checks only for official travel and for other purposes judged exceptional. The average commercial bank rate is applied to remittances of Mauritanian workers residing abroad. There are no taxes or subsidies on purchases of foreign exchange. As of end-November 1994, the average rate at the free market exceeded the official rate by a margin of less than 2 percent.
Outside the official two-tier system, there exists a parallel market which is tolerated and about which information is limited. The major sources of funding seem to be border trade (Senegal and Mali) and remittances from Mauritanians living abroad. In this market, the exchange rate exhibits substantial fluctuations so that the premium with respect to the official rate has ranged from as little as 3 percent to 20 percent over the past two years. As of end-November 1994, the margin was about 10 percent over the official rate.
Mauritania has eliminated the exchange restriction on payments and transfers for current international transactions that was maintained in accordance with the transitional arrangements under Article XIV, Section 2. There remain restrictions that are subject to approval under Article VIII, Section 2(a) evidenced by arrears on external payments. Mauritania also maintains multiple currency practices subject to Article VIII, Section 3 arising from the existence of an official rate pegged to a basket of currencies simultaneously with an exchange rate in the free market for foreign banknotes and traveler’s checks and transactions in a parallel market that are officially recognized.
Calculations based on the Fund’s Information Notice System (INS) show that the external value of the ouguiya depreciated in real effective terms by 30 percent between September 1992 and September 1994 (Chart 1). Most of this depreciation took place in late 1992 and was maintained through 1993. During the first 9 months of 1994, the real effective exchange rate depreciated by 4 percent as a 5 percent appreciation during the second quarter was more than offset by a depreciation during the third quarter.
MAURITANIA: REAL AND NOMINAL EFFECTIVE EXCHANGE RATES, 1980-94 (1980 = 100)
Citation: IMF Staff Country Reports 1995, 020; 10.5089/9781451827422.002.A001
Source: International Monetary Fund, Information Notice System.APPENDIX I
Mauritania: List of Major Public Enterprises and Administrative Agencies, September 30, 1994
The name has been recently changed to NAFTAL, S.A.
The name has been recently changed to NAFTEC, S.A.
The name has been recently changed to Chinguitty Bank.
The name has been recently changed to NASR (Nationale d’Assurances et de Reassurances).
Mauritania: List of Major Public Enterprises and Administrative Agencies, September 30, 1994
| Rural development | |||
| CNARDA: | Centre National de Recherche Agronomique et de Développement Agricole | ||
| CNERV: | Centre National d’Elevage et de Recherche Vétérinaire | ||
| CSA: | Commissariat à la Sécurite Alimentaire | ||
| SAMALIDA: | Société Arabe Mauritanienne-Libyenne de Développement Agricole | ||
| SOMECOB: | Société Mauritanienne pour la Commercialisation du Bétail | ||
| SONADER | Société Nationale de Développement Rural | ||
| Fisheries | |||
| AIMAP: | Algéro-Mauritanienne de Pêche | ||
| CNROP: | Centre National de la Recherche Océanographique et des Pêches | ||
| MAUSOV: | Mauritanienne Soviétique des Ressources Maritimes | ||
| SALIMAUREM: | Société Arabe-Libyo-Mauritanienne des Ressources Maritimes | ||
| SIMAR: | Société Industrielle Mauritano-Roumaine de Pêche | ||
| SMCP: | Société Mauritanienne de Commercialisation du Poisson | ||
| Mining and utilities | |||
| MORAK: | Mines d’or d’Akjoujt | ||
| SAFA: | Société Arabe du Fer et de l’Acier | ||
| SAMIA: | Société Arabe des Industries Métallurgiques | ||
| SAMIN: | Société Arabe des Mines de l’Inchiri | ||
| SNIM: | Société Nationale Industrielle et Miniere | ||
| SONELEC: | Société Nationale d’Eau et d’Electricité | ||
| Manufacturing | |||
| SOMAGAZ: | Société Mauritanienne des Gaz | ||
| SOMIR: 1/ | Société Mauritanienne des Industries de Raffinage | ||
| Transport | |||
| AM: | Air Mauritanie | ||
| ASECNA: | Agence pour la Sécurité de la Navigation Aérienne | ||
| COMAUNAM: | Compagnie Mauritanienne de Navigation Maritime | ||
| PAN: | Port Autonome de Nouadhibou | ||
| PANPA: | Port Autonome de Nouakchott, known as “Port de 1’Amitié” | ||
| SAMMA: | Société d’Aconage et de Manutention | ||
| SOMACAT: | Société de Manutention, Transit et Aconage | ||
| SOMATRA (ex-STPN): | Société Mauritanienne des Transports | ||
| Communications | |||
| AMI: | Agence Mauritanienne d’ Information | ||
| IN: | Imprimerie Nationale | ||
| OPT: | Office des Postes et Télécommunications | ||
| RM: | Radio de Mauritanie | ||
| TVM: | Télévision de Mauritanie | ||
| Distribution | |||
| MEPPA: | Mauritanienne d’Entreposage des Produits Petroliers | ||
| SMCPP: 1/ | Société Mauritanienne de Commercialisation des Produits Petroliers | ||
| SONIMEX: | Société Nationale d’Importation et d’Exportation | ||
| Financial institutions | |||
| BALM: 2/ | Banque Arabe-Libyenne en Mauritanie | ||
| BCM: | Banque Centrale de Mauritanie | ||
| BMCI: | Banque Mauritanienne pour le Commerce International | ||
| BNM: | Banque Nationale de Mauritanie | ||
| SMAR: 3/ | Société Mauritanienne d’Assurances et de Réassurances | ||
| Other services | |||
| Education | |||
| CFPP: | Centre de Formation et de Perfectionnement Professionnels | ||
| CNFAJ: | Centre National de Formation et d’ Animation de la Jeunesse | ||
| CSET: | Centre Supérieur d’Enseignement Technique | ||
| ENA: | Ecole Nationale d’Administration | ||
| ENFVA: | Ecole Nationale de Formation et de Vulgarisation Agricole | ||
| ENI: | Ecole Nationale des Instituteurs | ||
| ENISF: | Ecole Nationale des Infirmieres et Sage-Femmes | ||
| ENS: | Ecole Normale Supérieure | ||
| ILN: | Institut de Langues Nationales | ||
| IMRS: | Institut Mauritanien de Recherches Scientifiques | ||
| IPN: | Institut Pédagogique National | ||
| ISERI: | Institut Supérieur de Recherches Islamiques | ||
| ISS: | Institut Supérieur Scientifique | ||
| LTN: | Lycée Technique National | ||
| UN: | Université de Nouakchott | ||
| Other | |||
| ADAU: | Association pour le Développement de 1’Architecture et de l’Urbanisme | ||
| CCIA: | Chambre de Commerce | ||
| CEPI: | Centre d’Etudes et de Promotion Industrielle | ||
| CNH: | Centre National d’Hygiéne | ||
| CNORF: | Centre National d’Orthopédie et de Réadaptation Fonctionnelle | ||
| CNSS: | Caisse Nationale de Sécurité Sociale | ||
| CRM: | Croissant Rouge Mauritanien | ||
| LNTP: | Laboratoire National des Travaux Publics | ||
| OCO: | Office du Complexe Olympique | ||
| OMAT: | Office Mauritanien de l’Artisanat et du Tourisme | ||
| OMRG: | Office Mauritanien de Recherche Geologique | ||
| ONACVG: | Office National des Anciens Combattants et Victimes de Guerre | ||
| SOCOGIM: | Société de Construction et de Gestion Immobiliére en Mauritanie | ||
The name has been recently changed to NAFTAL, S.A.
The name has been recently changed to NAFTEC, S.A.
The name has been recently changed to Chinguitty Bank.
The name has been recently changed to NASR (Nationale d’Assurances et de Reassurances).
Mauritania: List of Major Public Enterprises and Administrative Agencies, September 30, 1994
| Rural development | |||
| CNARDA: | Centre National de Recherche Agronomique et de Développement Agricole | ||
| CNERV: | Centre National d’Elevage et de Recherche Vétérinaire | ||
| CSA: | Commissariat à la Sécurite Alimentaire | ||
| SAMALIDA: | Société Arabe Mauritanienne-Libyenne de Développement Agricole | ||
| SOMECOB: | Société Mauritanienne pour la Commercialisation du Bétail | ||
| SONADER | Société Nationale de Développement Rural | ||
| Fisheries | |||
| AIMAP: | Algéro-Mauritanienne de Pêche | ||
| CNROP: | Centre National de la Recherche Océanographique et des Pêches | ||
| MAUSOV: | Mauritanienne Soviétique des Ressources Maritimes | ||
| SALIMAUREM: | Société Arabe-Libyo-Mauritanienne des Ressources Maritimes | ||
| SIMAR: | Société Industrielle Mauritano-Roumaine de Pêche | ||
| SMCP: | Société Mauritanienne de Commercialisation du Poisson | ||
| Mining and utilities | |||
| MORAK: | Mines d’or d’Akjoujt | ||
| SAFA: | Société Arabe du Fer et de l’Acier | ||
| SAMIA: | Société Arabe des Industries Métallurgiques | ||
| SAMIN: | Société Arabe des Mines de l’Inchiri | ||
| SNIM: | Société Nationale Industrielle et Miniere | ||
| SONELEC: | Société Nationale d’Eau et d’Electricité | ||
| Manufacturing | |||
| SOMAGAZ: | Société Mauritanienne des Gaz | ||
| SOMIR: 1/ | Société Mauritanienne des Industries de Raffinage | ||
| Transport | |||
| AM: | Air Mauritanie | ||
| ASECNA: | Agence pour la Sécurité de la Navigation Aérienne | ||
| COMAUNAM: | Compagnie Mauritanienne de Navigation Maritime | ||
| PAN: | Port Autonome de Nouadhibou | ||
| PANPA: | Port Autonome de Nouakchott, known as “Port de 1’Amitié” | ||
| SAMMA: | Société d’Aconage et de Manutention | ||
| SOMACAT: | Société de Manutention, Transit et Aconage | ||
| SOMATRA (ex-STPN): | Société Mauritanienne des Transports | ||
| Communications | |||
| AMI: | Agence Mauritanienne d’ Information | ||
| IN: | Imprimerie Nationale | ||
| OPT: | Office des Postes et Télécommunications | ||
| RM: | Radio de Mauritanie | ||
| TVM: | Télévision de Mauritanie | ||
| Distribution | |||
| MEPPA: | Mauritanienne d’Entreposage des Produits Petroliers | ||
| SMCPP: 1/ | Société Mauritanienne de Commercialisation des Produits Petroliers | ||
| SONIMEX: | Société Nationale d’Importation et d’Exportation | ||
| Financial institutions | |||
| BALM: 2/ | Banque Arabe-Libyenne en Mauritanie | ||
| BCM: | Banque Centrale de Mauritanie | ||
| BMCI: | Banque Mauritanienne pour le Commerce International | ||
| BNM: | Banque Nationale de Mauritanie | ||
| SMAR: 3/ | Société Mauritanienne d’Assurances et de Réassurances | ||
| Other services | |||
| Education | |||
| CFPP: | Centre de Formation et de Perfectionnement Professionnels | ||
| CNFAJ: | Centre National de Formation et d’ Animation de la Jeunesse | ||
| CSET: | Centre Supérieur d’Enseignement Technique | ||
| ENA: | Ecole Nationale d’Administration | ||
| ENFVA: | Ecole Nationale de Formation et de Vulgarisation Agricole | ||
| ENI: | Ecole Nationale des Instituteurs | ||
| ENISF: | Ecole Nationale des Infirmieres et Sage-Femmes | ||
| ENS: | Ecole Normale Supérieure | ||
| ILN: | Institut de Langues Nationales | ||
| IMRS: | Institut Mauritanien de Recherches Scientifiques | ||
| IPN: | Institut Pédagogique National | ||
| ISERI: | Institut Supérieur de Recherches Islamiques | ||
| ISS: | Institut Supérieur Scientifique | ||
| LTN: | Lycée Technique National | ||
| UN: | Université de Nouakchott | ||
| Other | |||
| ADAU: | Association pour le Développement de 1’Architecture et de l’Urbanisme | ||
| CCIA: | Chambre de Commerce | ||
| CEPI: | Centre d’Etudes et de Promotion Industrielle | ||
| CNH: | Centre National d’Hygiéne | ||
| CNORF: | Centre National d’Orthopédie et de Réadaptation Fonctionnelle | ||
| CNSS: | Caisse Nationale de Sécurité Sociale | ||
| CRM: | Croissant Rouge Mauritanien | ||
| LNTP: | Laboratoire National des Travaux Publics | ||
| OCO: | Office du Complexe Olympique | ||
| OMAT: | Office Mauritanien de l’Artisanat et du Tourisme | ||
| OMRG: | Office Mauritanien de Recherche Geologique | ||
| ONACVG: | Office National des Anciens Combattants et Victimes de Guerre | ||
| SOCOGIM: | Société de Construction et de Gestion Immobiliére en Mauritanie | ||
The name has been recently changed to NAFTAL, S.A.
The name has been recently changed to NAFTEC, S.A.
The name has been recently changed to Chinguitty Bank.
The name has been recently changed to NASR (Nationale d’Assurances et de Reassurances).
APPENDIX II
Mauritania: Summary of the Tax System, 1994
(All amounts in ouguiyas)
Mauritania: Summary of the Tax System, 1994
(All amounts in ouguiyas)
| Tax | Nature of Tax | Exemptions and Deductions | Rates | ||||
|---|---|---|---|---|---|---|---|
| Central Government | |||||||
| 1. Taxes on income and net Profits | |||||||
| 1.1 Corporate | There are no corporate taxes as such. The scheduler tax described in 1.11 below is levied on companies as well as individuals. | ||||||
| 1.11 Tax on industrial and commercial profits and on agricultural profits (BIC)—General Tax Code, 1982 (CGI) | Scheduler tax levied on the profits of joint-stock companies, limited liabilities, and public enterprises. Nonresidents are taxed on profits earned in Mauritania. Tax returns must be signed within three months of the close of the fiscal year, and the tax must be paid within the month following the deadline for filing tax returns. | Cooperative companies and bodies authorized in accordance with Law No. 67/171 of July 18, 1967 are exempt. Capital gains are not taxable if they are reinvested within three years. | 40 percent. | ||||
| 1.12 Minimum lump-sum tax (IMF)—CGI | Based on the turnover of the last completed fiscal yeer. One fourth (SO percent for banks, SONIMEX, and the fishing sector) cen be deducted from the amount of BIC payable (see 1.11). | See 1.11 above. | Since 1986, 4 percent of turnover with minimum of UM 300,000; 2 percent for fishing sector. With 1989 finance law, minimum lowered to UM 240,000. 25 percent of IMF can be deducted from BIC. | ||||
| 1.13 Tax on income from securities (IRCM)—CGI | Levied on dividends and interest from shares, stocks and bonds, and on attendance fees and bonuses. Withheld at source. | Normal rate: 16 percent. | |||||
| 1.14 Tax on real estate (IRF)—CGI | Levied on income from real estate. | Income from real estate included in the profits of an industrial, commercial, or small enterprise is subject only to BIC. A lump-sum deduction of 30 percent is made from gross real estate income. Real estate income not exceeding UM 50,000 is exempt. | 10 percent. | ||||
| 1.2 Individual | |||||||
| 1.21 Tax on industrial, commercial, and agricultural profits (BIC) | Levied on profits of individuals in the manner described in 1.11. With 1989 finance law, taxpayers whose annual turnover does not exceed UM 3.0 million if they sell merchandise, or UM 1.5 million if they provide services, are eligible for the lump-sum arrangement; taxpayers whose annual turnover is between UM 3 million and UM 6 million, if they sell merchandise, or UM 1.5 million and UM 3 million, if they provide services, are eligible for the simplified tax schedule. | 40 percent. | |||||
| 1.22 Minimum lump-sum tax on individuals | Levied on individuals subject to BIC and BNC on actual profit. Importers are also subject to a 4 percent tax (2 percent for the fishing sector) on the value of their imports, one fourth of which can be deducted from the BIC payable the following fiscal year. | See 1.12 above. | |||||
| 1.23 Tax on income from securities | See 1.13 above | See 1.13 above | See 1.13 above | ||||
| 1.24 Tax on noncommercial profits (BNC)—CGI | Laviad on persons exercising a libaral profession Who ara not subject to another schedular tax; tha minimum lump-sum tax is also applicable. | Since 1989 finance a law, minimum of UM 120,000; 25 percent of IMF can be deductad from BIC. | 35 percent. | ||||
| 1.25 Tax on wages, salaries, pensions, and life annulties—CGI | levied on wages, salaries, pensions, annuities, indamnities, fees, and benefits in kind. Withheld at source. | Family allowance, special indemnities (up to UM 10,000 a month), and pensions paid to disabled soldiers, war veterans, and victims of occupational accidents are exempt. Retirement plan contributions and some similar social plan contributione may ba deducted from gross amounts received. | Monthly payment (UM) |
Tax rate (percent) | |||
| Up to 4,000 | 0 | ||||||
| From 4,001 to 6,000 | 6 | ||||||
| From 6,001 to 10,000 | 9 | ||||||
| From 10,001 to 20,000 | 16 | ||||||
| From 20,001 to 25,000 | 21 | ||||||
| From 25,001 to 30,000 | 23 | ||||||
| From 30,001 to 40,000 | 26 | ||||||
| From 40,001 to 60,000 | 30 | ||||||
| From 60,001 to 80,000 | 33 | ||||||
| From 80,001 to 100,000 | 35 | ||||||
| Over 100,000 | 39 | ||||||
| 1.26 Tax on income from real estate—CGI | See 1.14 above. 30 percent deduction. Revenues lower than UM 50,000 exonerated. | See 1.14 above. | See 1.14 above. | ||||
| 1.27 General income tax (IGR)—CGI | Levied on total net income, ragardless of source, of individuals who customary residence or principal abode is in Mauritania or of individuals whose activity is chiefly performed there. | Tha tax is based on income as calculated for schedular tax purposes (after a 10 percent deduction from wage). One split is allowed for a spouse and one half split for each dependent child, up to five splits per family. The rate shown in tha next column are applied separately to each split and the total tax payable by the family unit is aqual to tha sum of tha amount due for each split. Since 1986, salaries are exoneratad. | Income brackets (one split) (UM) |
Rate (Percent) | |||
| Up to 120,000 | 0 | ||||||
| From 120,001 to 180,000 | 5 | ||||||
| From 180,001 to 380,000 | 10 | ||||||
| From 380,001 to 500,000 | 15 | ||||||
| From 500,001 to 700,000 | 20 | ||||||
| From 700,001 to 1,000,000 | 25 | ||||||
| From 1,000,001 to 1,350,000 | 30 | ||||||
| From 1,350,001 to 1,850,000 | 35 | ||||||
| From 1,850,001 to 2,500,000 | 40 | ||||||
| From 2,500,001 to 2,900,000 | 45 | ||||||
| From 2,900,001 to 4,000,000 | 50 | ||||||
| Over 4,000,000 | 55 | ||||||
| 2. Social security contributions | |||||||
| Law 67/039 of February 3, 1967 | Covers: (1) family benefits; (2) occupational hazards; and (3) retirement. The maximum monthly wage for contribution purposes is UM 30,000. | Contributions | Percentage of wages |
||||
| Family benefits | |||||||
| Employer | 9 | ||||||
| Employee | — | ||||||
| Occupational hazards | |||||||
| Employer | 2 | ||||||
| Employee | — | ||||||
| Retirement | |||||||
| Employer | 2 | ||||||
| Employee | 1 | ||||||
| 3. Employer’s payroll taxes | |||||||
| 3.1 Apprenticeship tax—CGI | Levied on total wages paid by companies or individual operators engaged in industrial, commercial, or agricultural activities. | Employers making arrangements for technical instruction or apprenticeship are exempt. A tax reduction of up to UM 400 is allowed on sums paid to apprentices, up to an amount representing 50 percent of the tax normally due. | 0.6 percent of total wages paid. | ||||
| 4. Taxes on property | |||||||
| 4.1 Real estate taxes | |||||||
| 4.11 Tax on improved land—CGI | Levied on improved properties, including permanent installation in commercial premises and uncultivated land used for commercial or industrial purposes. Based on rental value. | Permanent exemptions: buildings belonging to the Government, local governments and public entitles, buildings used for medical, educational or social welfare purposes, and straw huts. A 30 percent deduction is granted on the fixed rental value to allow for expenses. | 3 percent: owner-occupied buildings maintained as principal residence. 10 percent: buildings not rented, inhabited, or used by their owner. 10 percent: buildings rented. 9 percent: other buildings. | ||||
| 4.2 Transfer taxes—CGI | Levied on inheritance settle-ments among heirs and on transfers of real proparty, business assets, and shares in companies. | Acquisitions by local government agencies, including ragional financial groups, tha Cantral Bank of Mauritania, tha Development Bank, tha Savings Bank, tha National Social Security Fund, cooperative companies, mutual societies, companies in which the Government holds at least 51 percent of tha capital, and gifts batween spouses and between lineal relatives are exempt. | 0.5 percent on divisions between coinheritors, co-owners and co-associates. 5 percent for buildings. 12 percent for buisnesses. 2 percent for goods related to businesses | ||||
| 4.3 Livestock tax—goats | Levied on beef cattle, horses, camels, donkeys, sheep, and goats. | Livestock farmers whose income is derived exclusively from: - 50 goats or sheep - 20 beef cattle - 15 camels | Rate varies from UM 20 to UM 250 per head. | ||||
| 5. Domestic taxes on goods and services | |||||||
| 5.1 General sales. turn-over, or value-added taxes | |||||||
| 5.11 Turnover tax—CGI and customs tariff | Levied on tha value of importa, specific services, and domestic sales of producta. Imports are taxed on c.i.f. value plus customs and fiscal duties. | Tha following are exempt: air, sea, and river transport operations, fishing boats, nets, cereals, foodstuffs, bread, and fruit. Also exempt are resales of products on which tha tax has already been paid, insurance company transactiona subject to a separate tax (see 5.31 below), periodicals, and public transport operations. A deduction based on tha “delivered warehouse” cost is allowed for intermediate goods totally or partially incorporated in taxable finished products. | Tax rates: | ||||
| Domestic sales: | |||||||
| General rate: | 10 percent net of taxes. | ||||||
| Reduced rate: | 4 percent net of taxes on sales by public utilities. | ||||||
| Imports | |||||||
| General rate: | 13 percent. | ||||||
| Reduced rates: | 5 and 8 percent. | ||||||
| Increased rate: | 23 percent. | ||||||
| Services: | 16 percent. | ||||||
| 5.2 Excises | |||||||
| 5.21 Tax on petroleum products—CGI | Levied on petroleum products at specific rates. | Fuel delivered to ocean-going ships, fishing vessels, and commercial airlines is exempted, but subject to the tax on company margins (ISMS). Tha ISMS rates are as follows: Regular gasoline: UM 850 per hectoliter. Premium gasoline: UM 800 per hectoliter. Gas-oil: UM 120 per hectoliter. SNIM: UM 50 per ton. | Premium gasoline: UM 2,315 per hectoliter. Regular gasoline: UM 2,429 per hectoliter. Fuel oil: UM 220 per hectoliter. Heavy oils: UM 800 per metric ton. Greasing and lubricating oils: UM 4,200 per metric ton. Liquefied gas: UM 1,040 par natric ton. | ||||
| 5.22 Other excises. | Levied on alcoholic beverages, tobacco products, tea, and sugar. | Hard liquors: 294 percent of customs value. Sparkling wines: 229 percent of customs value. Beer: 195 percent of customs value. Cigarettes and cigars: Between 24 and 40 percent of c.i.f. value. Tea: UM 120 par kilogram. Sugar in lump: 18 percent of c.i.f. value. Tobacco leaves: 15 percent of customs value. Cement: UM 2 per kilogram. |
|||||
| 5.3 Taxes on specific services | |||||||
| 5.31 Tax on insurance premiums—CGI | Levied annually on premiums collected by insurance companies. | Reinsurance operations, occupational accident insurance premiums, and premiums collected by cooperative companies are exempt. | Fire insurance: 10 percent. Sea transportation and associated risks of all nature: 5 percent. River or air transportation and associatad risks of all nature: 10 percent. Life annuity contract: 10 percent. Export credit insurance: 0.1 percent. Other insurance: 10 percent. | ||||
| 5.32 Tax on movies—CGI | Laviad on gross racaipta of movie houaaa or from movie rentals. | 1.5 percent on turnover. UM 5 per ticket sold. | |||||
| 5.4 Taxes on use of or permission to use goods or to perform activities | |||||||
| 5.41 Tax on motor vehicles—CGI | Levied yearly on motor vehicles and based on horsepower. | Vehicles belonging to the Government, local governments, and diplomats are exempt. | Rates vary from UM 2,700 to UM 15,600. | ||||
| 5.42 Business license tax—CGI (collected for local governments) | Annual tax payable by individuals and corporations regularly exercising an industrial or commercial occupation or craft or an industry not expressly exempted in Mauritania. | The Central Government, regional governments, artists, mine operators, fishermen, associates in partnerships, limited partnerships, or limited liability companies, and craftsmen are exempt. | The tax is composed of two fees: (i) a fixed fee whose rate ranges from UM 25,000 to UM 500,000 according to 13 different classes depending on the overall turnover for the preceding year; (ii) a proportional fee at the rate of 5 percent of the rental value of premises where the taxable activity is exercised. | ||||
| 5.43 Other business license tax—CGI (not collected) | Annual tax payable by persons or companies selling alcoholic or fermented beverage, wholesale or retail, for consumption on or off premises. | UM 25,000. | |||||
| 5.44 Airport tax | Levied on airplane tickets for foreign destinations. | - Babies less than two years of age - Airline personnel | 4,000 ouguiyas per ticket sold for foreign destinations. | ||||
| 6. Taxes on international trade and transactions | |||||||
| 6.1 Import duties (customs tariff) |
|||||||
| 6.11 Customs duties | Levied on imports on the bests of their c.i.f. value or their administrative velue as determined by the Customs Department. | Certain capital goods and various consumer goods, such as tea, salt, and medicines, are exempt. All imports from CEAO (West African Economic Community) member countries not subject to the regional cooperation tax, and some imports from Morocco, Algeria, Tunisia, and the EU, also are exempt. | General rate: 15 percent. Reduced rate: 5 percent. | ||||
| 6.12 Import duty | Levied on the same basis as the customs duties referred to in 6.11. | Various exemptions are allowed. | Rates vary from 5 percent to 166 percent. | ||||
| 6.13 TCA on imports | Levied on imports on the basis of c.i.f. customs value. | Various exemptions are allowed. | Normal rate: 13 percent. Increased rate: 23 percent. | ||||
| 6.14 Regional cooperation tax (TCR) | Levied on certain industrial products imported from CEAO member countries in lieu of import duties levied on other imports as described above (6.11 and 6.12); special treatment granted by the CEAO Council of Ministers on a case-by-case basis. | Specific rates or ad valorem rates apply, depending on the case. | |||||
| 6.15 Statistical tax | Levied on imports on the basis of c.i.f. customs value. | Various exemptions are allowed. | 3 percent | ||||
| 6.2 Export duties (customs tariff) | |||||||
| 6.21 Export duty | Levied on the f.o.b. value of exports. | All goods originating other than in Mauritania are exempt on export or re-export. | This tax is not currently collected. | ||||
| 6.22 Export tax on fish | Levied on f.o.b. value of exports of fish and crustaceans. | Rates vary from 6.5 percent to 20 percent. | |||||
| 7. Other taxes | |||||||
| 7.1 Stamp taxes | Mandatory use of stamps on legal documents drawn up for various acts. | Fixed or proportional taxes, depending on the type of document used. | |||||
Mauritania: Summary of the Tax System, 1994
(All amounts in ouguiyas)
| Tax | Nature of Tax | Exemptions and Deductions | Rates | ||||
|---|---|---|---|---|---|---|---|
| Central Government | |||||||
| 1. Taxes on income and net Profits | |||||||
| 1.1 Corporate | There are no corporate taxes as such. The scheduler tax described in 1.11 below is levied on companies as well as individuals. | ||||||
| 1.11 Tax on industrial and commercial profits and on agricultural profits (BIC)—General Tax Code, 1982 (CGI) | Scheduler tax levied on the profits of joint-stock companies, limited liabilities, and public enterprises. Nonresidents are taxed on profits earned in Mauritania. Tax returns must be signed within three months of the close of the fiscal year, and the tax must be paid within the month following the deadline for filing tax returns. | Cooperative companies and bodies authorized in accordance with Law No. 67/171 of July 18, 1967 are exempt. Capital gains are not taxable if they are reinvested within three years. | 40 percent. | ||||
| 1.12 Minimum lump-sum tax (IMF)—CGI | Based on the turnover of the last completed fiscal yeer. One fourth (SO percent for banks, SONIMEX, and the fishing sector) cen be deducted from the amount of BIC payable (see 1.11). | See 1.11 above. | Since 1986, 4 percent of turnover with minimum of UM 300,000; 2 percent for fishing sector. With 1989 finance law, minimum lowered to UM 240,000. 25 percent of IMF can be deducted from BIC. | ||||
| 1.13 Tax on income from securities (IRCM)—CGI | Levied on dividends and interest from shares, stocks and bonds, and on attendance fees and bonuses. Withheld at source. | Normal rate: 16 percent. | |||||
| 1.14 Tax on real estate (IRF)—CGI | Levied on income from real estate. | Income from real estate included in the profits of an industrial, commercial, or small enterprise is subject only to BIC. A lump-sum deduction of 30 percent is made from gross real estate income. Real estate income not exceeding UM 50,000 is exempt. | 10 percent. | ||||
| 1.2 Individual | |||||||
| 1.21 Tax on industrial, commercial, and agricultural profits (BIC) | Levied on profits of individuals in the manner described in 1.11. With 1989 finance law, taxpayers whose annual turnover does not exceed UM 3.0 million if they sell merchandise, or UM 1.5 million if they provide services, are eligible for the lump-sum arrangement; taxpayers whose annual turnover is between UM 3 million and UM 6 million, if they sell merchandise, or UM 1.5 million and UM 3 million, if they provide services, are eligible for the simplified tax schedule. | 40 percent. | |||||
| 1.22 Minimum lump-sum tax on individuals | Levied on individuals subject to BIC and BNC on actual profit. Importers are also subject to a 4 percent tax (2 percent for the fishing sector) on the value of their imports, one fourth of which can be deducted from the BIC payable the following fiscal year. | See 1.12 above. | |||||
| 1.23 Tax on income from securities | See 1.13 above | See 1.13 above | See 1.13 above | ||||
| 1.24 Tax on noncommercial profits (BNC)—CGI | Laviad on persons exercising a libaral profession Who ara not subject to another schedular tax; tha minimum lump-sum tax is also applicable. | Since 1989 finance a law, minimum of UM 120,000; 25 percent of IMF can be deductad from BIC. | 35 percent. | ||||
| 1.25 Tax on wages, salaries, pensions, and life annulties—CGI | levied on wages, salaries, pensions, annuities, indamnities, fees, and benefits in kind. Withheld at source. | Family allowance, special indemnities (up to UM 10,000 a month), and pensions paid to disabled soldiers, war veterans, and victims of occupational accidents are exempt. Retirement plan contributions and some similar social plan contributione may ba deducted from gross amounts received. | Monthly payment (UM) |
Tax rate (percent) | |||
| Up to 4,000 | 0 | ||||||
| From 4,001 to 6,000 | 6 | ||||||
| From 6,001 to 10,000 | 9 | ||||||
| From 10,001 to 20,000 | 16 | ||||||
| From 20,001 to 25,000 | 21 | ||||||
| From 25,001 to 30,000 | 23 | ||||||
| From 30,001 to 40,000 | 26 | ||||||
| From 40,001 to 60,000 | 30 | ||||||
| From 60,001 to 80,000 | 33 | ||||||
| From 80,001 to 100,000 | 35 | ||||||
| Over 100,000 | 39 | ||||||
| 1.26 Tax on income from real estate—CGI | See 1.14 above. 30 percent deduction. Revenues lower than UM 50,000 exonerated. | See 1.14 above. | See 1.14 above. | ||||
| 1.27 General income tax (IGR)—CGI | Levied on total net income, ragardless of source, of individuals who customary residence or principal abode is in Mauritania or of individuals whose activity is chiefly performed there. | Tha tax is based on income as calculated for schedular tax purposes (after a 10 percent deduction from wage). One split is allowed for a spouse and one half split for each dependent child, up to five splits per family. The rate shown in tha next column are applied separately to each split and the total tax payable by the family unit is aqual to tha sum of tha amount due for each split. Since 1986, salaries are exoneratad. | Income brackets (one split) (UM) |
Rate (Percent) | |||
| Up to 120,000 | 0 | ||||||
| From 120,001 to 180,000 | 5 | ||||||
| From 180,001 to 380,000 | 10 | ||||||
| From 380,001 to 500,000 | 15 | ||||||
| From 500,001 to 700,000 | 20 | ||||||
| From 700,001 to 1,000,000 | 25 | ||||||
| From 1,000,001 to 1,350,000 | 30 | ||||||
| From 1,350,001 to 1,850,000 | 35 | ||||||
| From 1,850,001 to 2,500,000 | 40 | ||||||
| From 2,500,001 to 2,900,000 | 45 | ||||||
| From 2,900,001 to 4,000,000 | 50 | ||||||
| Over 4,000,000 | 55 | ||||||
| 2. Social security contributions | |||||||
| Law 67/039 of February 3, 1967 | Covers: (1) family benefits; (2) occupational hazards; and (3) retirement. The maximum monthly wage for contribution purposes is UM 30,000. | Contributions | Percentage of wages |
||||
| Family benefits | |||||||
| Employer | 9 | ||||||
| Employee | — | ||||||
| Occupational hazards | |||||||
| Employer | 2 | ||||||
| Employee | — | ||||||
| Retirement | |||||||
| Employer | 2 | ||||||
| Employee | 1 | ||||||
| 3. Employer’s payroll taxes | |||||||
| 3.1 Apprenticeship tax—CGI | Levied on total wages paid by companies or individual operators engaged in industrial, commercial, or agricultural activities. | Employers making arrangements for technical instruction or apprenticeship are exempt. A tax reduction of up to UM 400 is allowed on sums paid to apprentices, up to an amount representing 50 percent of the tax normally due. | 0.6 percent of total wages paid. | ||||
| 4. Taxes on property | |||||||
| 4.1 Real estate taxes | |||||||
| 4.11 Tax on improved land—CGI | Levied on improved properties, including permanent installation in commercial premises and uncultivated land used for commercial or industrial purposes. Based on rental value. | Permanent exemptions: buildings belonging to the Government, local governments and public entitles, buildings used for medical, educational or social welfare purposes, and straw huts. A 30 percent deduction is granted on the fixed rental value to allow for expenses. | 3 percent: owner-occupied buildings maintained as principal residence. 10 percent: buildings not rented, inhabited, or used by their owner. 10 percent: buildings rented. 9 percent: other buildings. | ||||
| 4.2 Transfer taxes—CGI | Levied on inheritance settle-ments among heirs and on transfers of real proparty, business assets, and shares in companies. | Acquisitions by local government agencies, including ragional financial groups, tha Cantral Bank of Mauritania, tha Development Bank, tha Savings Bank, tha National Social Security Fund, cooperative companies, mutual societies, companies in which the Government holds at least 51 percent of tha capital, and gifts batween spouses and between lineal relatives are exempt. | 0.5 percent on divisions between coinheritors, co-owners and co-associates. 5 percent for buildings. 12 percent for buisnesses. 2 percent for goods related to businesses | ||||
| 4.3 Livestock tax—goats | Levied on beef cattle, horses, camels, donkeys, sheep, and goats. | Livestock farmers whose income is derived exclusively from: - 50 goats or sheep - 20 beef cattle - 15 camels | Rate varies from UM 20 to UM 250 per head. | ||||
| 5. Domestic taxes on goods and services | |||||||
| 5.1 General sales. turn-over, or value-added taxes | |||||||
| 5.11 Turnover tax—CGI and customs tariff | Levied on tha value of importa, specific services, and domestic sales of producta. Imports are taxed on c.i.f. value plus customs and fiscal duties. | Tha following are exempt: air, sea, and river transport operations, fishing boats, nets, cereals, foodstuffs, bread, and fruit. Also exempt are resales of products on which tha tax has already been paid, insurance company transactiona subject to a separate tax (see 5.31 below), periodicals, and public transport operations. A deduction based on tha “delivered warehouse” cost is allowed for intermediate goods totally or partially incorporated in taxable finished products. | Tax rates: | ||||
| Domestic sales: | |||||||
| General rate: | 10 percent net of taxes. | ||||||
| Reduced rate: | 4 percent net of taxes on sales by public utilities. | ||||||
| Imports | |||||||
| General rate: | 13 percent. | ||||||
| Reduced rates: | 5 and 8 percent. | ||||||
| Increased rate: | 23 percent. | ||||||
| Services: | 16 percent. | ||||||
| 5.2 Excises | |||||||
| 5.21 Tax on petroleum products—CGI | Levied on petroleum products at specific rates. | Fuel delivered to ocean-going ships, fishing vessels, and commercial airlines is exempted, but subject to the tax on company margins (ISMS). Tha ISMS rates are as follows: Regular gasoline: UM 850 per hectoliter. Premium gasoline: UM 800 per hectoliter. Gas-oil: UM 120 per hectoliter. SNIM: UM 50 per ton. | Premium gasoline: UM 2,315 per hectoliter. Regular gasoline: UM 2,429 per hectoliter. Fuel oil: UM 220 per hectoliter. Heavy oils: UM 800 per metric ton. Greasing and lubricating oils: UM 4,200 per metric ton. Liquefied gas: UM 1,040 par natric ton. | ||||
| 5.22 Other excises. | Levied on alcoholic beverages, tobacco products, tea, and sugar. | Hard liquors: 294 percent of customs value. Sparkling wines: 229 percent of customs value. Beer: 195 percent of customs value. Cigarettes and cigars: Between 24 and 40 percent of c.i.f. value. Tea: UM 120 par kilogram. Sugar in lump: 18 percent of c.i.f. value. Tobacco leaves: 15 percent of customs value. Cement: UM 2 per kilogram. |
|||||
| 5.3 Taxes on specific services | |||||||
| 5.31 Tax on insurance premiums—CGI | Levied annually on premiums collected by insurance companies. | Reinsurance operations, occupational accident insurance premiums, and premiums collected by cooperative companies are exempt. | Fire insurance: 10 percent. Sea transportation and associated risks of all nature: 5 percent. River or air transportation and associatad risks of all nature: 10 percent. Life annuity contract: 10 percent. Export credit insurance: 0.1 percent. Other insurance: 10 percent. | ||||
| 5.32 Tax on movies—CGI | Laviad on gross racaipta of movie houaaa or from movie rentals. | 1.5 percent on turnover. UM 5 per ticket sold. | |||||
| 5.4 Taxes on use of or permission to use goods or to perform activities | |||||||
| 5.41 Tax on motor vehicles—CGI | Levied yearly on motor vehicles and based on horsepower. | Vehicles belonging to the Government, local governments, and diplomats are exempt. | Rates vary from UM 2,700 to UM 15,600. | ||||
| 5.42 Business license tax—CGI (collected for local governments) | Annual tax payable by individuals and corporations regularly exercising an industrial or commercial occupation or craft or an industry not expressly exempted in Mauritania. | The Central Government, regional governments, artists, mine operators, fishermen, associates in partnerships, limited partnerships, or limited liability companies, and craftsmen are exempt. | The tax is composed of two fees: (i) a fixed fee whose rate ranges from UM 25,000 to UM 500,000 according to 13 different classes depending on the overall turnover for the preceding year; (ii) a proportional fee at the rate of 5 percent of the rental value of premises where the taxable activity is exercised. | ||||
| 5.43 Other business license tax—CGI (not collected) | Annual tax payable by persons or companies selling alcoholic or fermented beverage, wholesale or retail, for consumption on or off premises. | UM 25,000. | |||||
| 5.44 Airport tax | Levied on airplane tickets for foreign destinations. | - Babies less than two years of age - Airline personnel | 4,000 ouguiyas per ticket sold for foreign destinations. | ||||
| 6. Taxes on international trade and transactions | |||||||
| 6.1 Import duties (customs tariff) |
|||||||
| 6.11 Customs duties | Levied on imports on the bests of their c.i.f. value or their administrative velue as determined by the Customs Department. | Certain capital goods and various consumer goods, such as tea, salt, and medicines, are exempt. All imports from CEAO (West African Economic Community) member countries not subject to the regional cooperation tax, and some imports from Morocco, Algeria, Tunisia, and the EU, also are exempt. | General rate: 15 percent. Reduced rate: 5 percent. | ||||
| 6.12 Import duty | Levied on the same basis as the customs duties referred to in 6.11. | Various exemptions are allowed. | Rates vary from 5 percent to 166 percent. | ||||
| 6.13 TCA on imports | Levied on imports on the basis of c.i.f. customs value. | Various exemptions are allowed. | Normal rate: 13 percent. Increased rate: 23 percent. | ||||
| 6.14 Regional cooperation tax (TCR) | Levied on certain industrial products imported from CEAO member countries in lieu of import duties levied on other imports as described above (6.11 and 6.12); special treatment granted by the CEAO Council of Ministers on a case-by-case basis. | Specific rates or ad valorem rates apply, depending on the case. | |||||
| 6.15 Statistical tax | Levied on imports on the basis of c.i.f. customs value. | Various exemptions are allowed. | 3 percent | ||||
| 6.2 Export duties (customs tariff) | |||||||
| 6.21 Export duty | Levied on the f.o.b. value of exports. | All goods originating other than in Mauritania are exempt on export or re-export. | This tax is not currently collected. | ||||
| 6.22 Export tax on fish | Levied on f.o.b. value of exports of fish and crustaceans. | Rates vary from 6.5 percent to 20 percent. | |||||
| 7. Other taxes | |||||||
| 7.1 Stamp taxes | Mandatory use of stamps on legal documents drawn up for various acts. | Fixed or proportional taxes, depending on the type of document used. | |||||
Mauritania: Summary of the Tax System, 1994
(All amounts in ouguiyas)
Mauritania: Summary of the Tax System, 1994
(All amounts in ouguiyas)
| Summary of tha Investment Code, January 1989 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| The 1989 Investment Code replaces the 1979 Code and clearly redefines the Government’s economic priorities and the advantages that should be extended to qualified investors. The list of priorities comprises agro-Industry, fishing, mining, construction, maritime transport, low-rant housing construction, utilities, and tourism. The selection criterion is the project’s contribution to the national economy, with particular emphasis on promotion of small and medium-size enterprises; development of exports of products manufactured in Mauritania; increased use of domestic resources; investment in the interior of Mauritania; and promotion of foreign investments. There are two regimes: priority enterprises and enterprises granted tax agreement. To be eligible for the priority scheme the investments must represent a new undertaking; or an expansion of an existing activity (increase of 30 percent in number of employees, or increase of 40 percent in assets). To be eligible for the agreement scheme the value of the investment must be more than UM 500 million implemented over four years and create at least 200 new jobs during the first two years of production. | |||||||||
| Priority enterprises and enterprises granted tax agreement are exempt from the BIC on 40 percent of their profits during the first six years of production, as long as the exempted amount is reinvested in the enterprise or in another priority enterprise within three years. Priority enterprises also benefit for a limited period of time from a reduction in the BIC rates, which vary according to the location of the investment. During the first six years of production, the rate of the TPS is reduced by 5 percent on bank loans obtained to finance the investment; for investment in the interior of the country, benefits include preferential discount rate, exemption from business license tax, and sale of land at below market prices; for enterprises exporting products manufactured in Mauritania, benefits include preferential discount rate for export credits, 50 percent reduction in TPS rates on export credits, permission to open foreign exchange accounts to deposits up to 20 percent of export earnings. | |||||||||
| Under the tax agreement regime, enterprises are guaranteed a stable direct taxation systam for ten years. Other general advantages can be only on real estate taxes, user taxes, trading licenses, and tax on income from securities, from which enterprises can be exempted during tha first six years of production. |
Mauritania: Summary of the Tax System, 1994
(All amounts in ouguiyas)
| Summary of tha Investment Code, January 1989 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| The 1989 Investment Code replaces the 1979 Code and clearly redefines the Government’s economic priorities and the advantages that should be extended to qualified investors. The list of priorities comprises agro-Industry, fishing, mining, construction, maritime transport, low-rant housing construction, utilities, and tourism. The selection criterion is the project’s contribution to the national economy, with particular emphasis on promotion of small and medium-size enterprises; development of exports of products manufactured in Mauritania; increased use of domestic resources; investment in the interior of Mauritania; and promotion of foreign investments. There are two regimes: priority enterprises and enterprises granted tax agreement. To be eligible for the priority scheme the investments must represent a new undertaking; or an expansion of an existing activity (increase of 30 percent in number of employees, or increase of 40 percent in assets). To be eligible for the agreement scheme the value of the investment must be more than UM 500 million implemented over four years and create at least 200 new jobs during the first two years of production. | |||||||||
| Priority enterprises and enterprises granted tax agreement are exempt from the BIC on 40 percent of their profits during the first six years of production, as long as the exempted amount is reinvested in the enterprise or in another priority enterprise within three years. Priority enterprises also benefit for a limited period of time from a reduction in the BIC rates, which vary according to the location of the investment. During the first six years of production, the rate of the TPS is reduced by 5 percent on bank loans obtained to finance the investment; for investment in the interior of the country, benefits include preferential discount rate, exemption from business license tax, and sale of land at below market prices; for enterprises exporting products manufactured in Mauritania, benefits include preferential discount rate for export credits, 50 percent reduction in TPS rates on export credits, permission to open foreign exchange accounts to deposits up to 20 percent of export earnings. | |||||||||
| Under the tax agreement regime, enterprises are guaranteed a stable direct taxation systam for ten years. Other general advantages can be only on real estate taxes, user taxes, trading licenses, and tax on income from securities, from which enterprises can be exempted during tha first six years of production. |
APPENDIX III
Changes in the Exchange and Trade System During January-November 1994
March 30: Exporters were authorized to open foreign currency-denominated accounts allowing them to retain 10 percent of export proceeds and 5 percent of export of services.
March 30: Commercial banks were authorized to constitute a foreign exchange position in accounts with foreign correspondents that the Central Bank had opened abroad in its own name and that of the domestic bank.
August 23: Regulations pertaining to the sale of tickets to residents and nonresidents by air transportation companies were updated and clarified.
September 15: The requirement of prior authorization by the Central Bank of Mauritania relating to the delegation of power by the commercial banks to authorized nonbank establishments to buy foreign exchange currency was abolished.
September 26: The requirement of prior authorization by the Central Bank to make certain payments on current transactions (subscription to foreign publications, courses by correspondence, contribution for retirement funds payable abroad, tuition payments overseas, and reimbursement of foreign exchange to nonresident foreigners who have exchanged into ouguiyas all or part of the foreign exchange declared upon entering Mauritania) was abolished.
September 26: Exporters were authorized to open foreign currency-denominated accounts in more than one domestic bank.
October 30: Exporters were authorized to retain in their foreign currency-denominated accounts 20 percent of the proceeds from export of goods and 10 percent of proceeds from export of services.
APPENDIX IV
Mauritania: Gross Domestic Product by Sector of Origin at Constant 1985 Prices, 1989-93
Mauritania: Gross Domestic Product by Sector of Origin at Constant 1985 Prices, 1989-93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (in million of ouguiyas) | |||||||||
| Primary sector | 12,568 | 11,741 | 12,232 | 12,454 | 13,659 | ||||
| Agriculture | 3,022 | 1,775 | 1,988 | 1,889 | 2,927 | ||||
| Livestock | 8,999 | 9,485 | 9,722 | 9,965 | 10,065 | ||||
| Fishing | 547 | 481 | 522 | 601 | 667 | ||||
| Secondary sector | 18,446 | 17,211 | 17,111 | 16,735 | 17,915 | ||||
| Mining | 8,879 | 7,995 | 7,424 | 5,939 | 6,664 | ||||
| Manufacturing and handicrafts | 5,967 | 5,466 | 5,806 | 6,449 | 6,804 | ||||
| Fishing | 3,594 | 3,181 | 3,496 | 4,024 | 4,265 | ||||
| Other industries | 2,253 | 2,165 | 2,184 | 2,293 | 2,401 | ||||
| Handicrafts | 120 | 120 | 126 | 132 | 139 | ||||
| Construction and public works | 3,600 | 3,750 | 3,881 | 4,347 | 4,447 | ||||
| Tertiary sector | 24,167 | 25,052 | 26,040 | 27,059 | 27,249 | ||||
| Commerce and other services | 7,213 | 7,650 | 7,975 | 8,533 | 8,661 | ||||
| Transport and communications | 3,474 | 3,694 | 3,879 | 4,131 | 4,193 | ||||
| Other services | 3,251 | 3,316 | 3,482 | 3,691 | 3,691 | ||||
| Public administration | 10,229 | 10392 | 10,704 | 10,704 | 10,704 | ||||
| GDP (at factor cost) | 55,181 | 54,004 | 55,389 | 56,249 | 58,823 | ||||
| Indirect taxes | 5,283 | 5,389 | 5,561 | 5,733 | 6,169 | ||||
| GDP (at market prices) | 60,464 | 59,393 | 60,944 | 61,982 | 64,992 | ||||
| Annual growth rate (in percent) | 4.8 | ‒1.8 | 2.6 | 1.7 | 4.9 | ||||
| (Shares of GDP in percent) | |||||||||
| Primary sector | 20.8 | 19.8 | 20.1 | 20.1 | 21.0 | ||||
| Agriculture | 5.0 | 3.0 | 3.3 | 3.0 | 4.5 | ||||
| Livestock | 14.9 | 16.0 | 16.0 | 16.1 | 15.5 | ||||
| Fishing | 0.9 | 0.8 | 0.9 | 1.0 | 1.0 | ||||
| Secondary sector | 30.5 | 29.0 | 28.1 | 27.0 | 27.6 | ||||
| Mining | 14.7 | 13.5 | 12.2 | 9.6 | 10.3 | ||||
| Manufacturing and handicrafts | 9.9 | 9.2 | 9.5 | 10.4 | 10.5 | ||||
| Fishing | 5.9 | 5.4 | 5.7 | 6.5 | 6.6 | ||||
| Other industries | 3.7 | 3.6 | 3.6 | 3.7 | 3.7 | ||||
| Handicrafts | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | ||||
| Construction and public works | 6.0 | 6.3 | 6.4 | 7.0 | 6.8 | ||||
| Tertiary sector | 40.0 | 42.3 | 42.7 | 43.7 | 41.9 | ||||
| Commerce and other services | 11.9 | 12.9 | 13.1 | 13.8 | 13.3 | ||||
| Transport and communications | 5.7 | 6.2 | 6.4 | 6.7 | 6.5 | ||||
| Other services | 5.4 | 5.6 | 5.7 | 6.0 | 5.7 | ||||
| Public administration | 16.9 | 17.5 | 17.6 | 17.3 | 16.5 | ||||
| GDP (at factor cost) | 91.3 | 90.9 | 90.9 | 90.7 | 90.5 | ||||
| Indirect taxes | 8.7 | 9.1 | 9.1 | 9.3 | 9.5 | ||||
| GDP (at market prices) | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Mauritania: Gross Domestic Product by Sector of Origin at Constant 1985 Prices, 1989-93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (in million of ouguiyas) | |||||||||
| Primary sector | 12,568 | 11,741 | 12,232 | 12,454 | 13,659 | ||||
| Agriculture | 3,022 | 1,775 | 1,988 | 1,889 | 2,927 | ||||
| Livestock | 8,999 | 9,485 | 9,722 | 9,965 | 10,065 | ||||
| Fishing | 547 | 481 | 522 | 601 | 667 | ||||
| Secondary sector | 18,446 | 17,211 | 17,111 | 16,735 | 17,915 | ||||
| Mining | 8,879 | 7,995 | 7,424 | 5,939 | 6,664 | ||||
| Manufacturing and handicrafts | 5,967 | 5,466 | 5,806 | 6,449 | 6,804 | ||||
| Fishing | 3,594 | 3,181 | 3,496 | 4,024 | 4,265 | ||||
| Other industries | 2,253 | 2,165 | 2,184 | 2,293 | 2,401 | ||||
| Handicrafts | 120 | 120 | 126 | 132 | 139 | ||||
| Construction and public works | 3,600 | 3,750 | 3,881 | 4,347 | 4,447 | ||||
| Tertiary sector | 24,167 | 25,052 | 26,040 | 27,059 | 27,249 | ||||
| Commerce and other services | 7,213 | 7,650 | 7,975 | 8,533 | 8,661 | ||||
| Transport and communications | 3,474 | 3,694 | 3,879 | 4,131 | 4,193 | ||||
| Other services | 3,251 | 3,316 | 3,482 | 3,691 | 3,691 | ||||
| Public administration | 10,229 | 10392 | 10,704 | 10,704 | 10,704 | ||||
| GDP (at factor cost) | 55,181 | 54,004 | 55,389 | 56,249 | 58,823 | ||||
| Indirect taxes | 5,283 | 5,389 | 5,561 | 5,733 | 6,169 | ||||
| GDP (at market prices) | 60,464 | 59,393 | 60,944 | 61,982 | 64,992 | ||||
| Annual growth rate (in percent) | 4.8 | ‒1.8 | 2.6 | 1.7 | 4.9 | ||||
| (Shares of GDP in percent) | |||||||||
| Primary sector | 20.8 | 19.8 | 20.1 | 20.1 | 21.0 | ||||
| Agriculture | 5.0 | 3.0 | 3.3 | 3.0 | 4.5 | ||||
| Livestock | 14.9 | 16.0 | 16.0 | 16.1 | 15.5 | ||||
| Fishing | 0.9 | 0.8 | 0.9 | 1.0 | 1.0 | ||||
| Secondary sector | 30.5 | 29.0 | 28.1 | 27.0 | 27.6 | ||||
| Mining | 14.7 | 13.5 | 12.2 | 9.6 | 10.3 | ||||
| Manufacturing and handicrafts | 9.9 | 9.2 | 9.5 | 10.4 | 10.5 | ||||
| Fishing | 5.9 | 5.4 | 5.7 | 6.5 | 6.6 | ||||
| Other industries | 3.7 | 3.6 | 3.6 | 3.7 | 3.7 | ||||
| Handicrafts | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | ||||
| Construction and public works | 6.0 | 6.3 | 6.4 | 7.0 | 6.8 | ||||
| Tertiary sector | 40.0 | 42.3 | 42.7 | 43.7 | 41.9 | ||||
| Commerce and other services | 11.9 | 12.9 | 13.1 | 13.8 | 13.3 | ||||
| Transport and communications | 5.7 | 6.2 | 6.4 | 6.7 | 6.5 | ||||
| Other services | 5.4 | 5.6 | 5.7 | 6.0 | 5.7 | ||||
| Public administration | 16.9 | 17.5 | 17.6 | 17.3 | 16.5 | ||||
| GDP (at factor cost) | 91.3 | 90.9 | 90.9 | 90.7 | 90.5 | ||||
| Indirect taxes | 8.7 | 9.1 | 9.1 | 9.3 | 9.5 | ||||
| GDP (at market prices) | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Mauritania: Growth of Output by Sector, 1989–93
(In percent)
Mauritania: Growth of Output by Sector, 1989–93
(In percent)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Primary sector | 1.1 | ‒6.6 | 4.2 | 1.8 | 9.7 | ||||
| Agriculture | 8.6 | ‒41.3 | 12.0 | ‒5.0 | 55.0 | ||||
| Livestock | 2.3 | 5.4 | 2.5 | 2.5 | 1.0 | ||||
| Fishing | ‒35.6 | ‒12.1 | 8.5 | 15.1 | 11.0 | ||||
| Secondary sector | 12.4 | ‒6.7 | ‒0.6 | ‒2.2 | 7.1 | ||||
| Mining | 50.0 | ‒10.0 | ‒7.1 | ‒20.0 | 12.2 | ||||
| Manufacturing and handicrafts | ‒2.9 | ‒8.4 | 6.2 | 11.1 | 5.5 | ||||
| Fishing | ‒8.0 | ‒11.5 | 9.9 | 15.1 | 6.0 | ||||
| Other industries | 6.0 | ‒3.9 | 0.9 | 5.0 | 4.7 | ||||
| Handicrafts | 6.2 | — | 5.0 | 5.0 | 4.7 | ||||
| Construction and public works | ‒17.3 | 4.2 | 3.5 | 12.0 | 2.3 | ||||
| Tertiary sector | 3.0 | 3.7 | 3.9 | 3.9 | 0.7 | ||||
| Commerce and other services | 2.8 | 6.1 | 4.3 | 7.0 | 1.5 | ||||
| Transport and communications | 5.7 | 6.3 | 5.0 | 6.5 | 1.5 | ||||
| Other services | 7.4 | 2.0 | 5.0 | 6.0 | — | ||||
| Public administration | 0.9 | 1.6 | 3.0 | — | — | ||||
| GDP at factor costs | 5.5 | ‒2.1 | 2.6 | 1.6 | 4.6 | ||||
| Indirect taxes | ‒2.0 | 2.0 | 3.2 | 3.1 | 7.6 | ||||
| GDP at market prices | 4.8 | ‒1.8 | 2.6 | 1.7 | 4.9 | ||||
Mauritania: Growth of Output by Sector, 1989–93
(In percent)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Primary sector | 1.1 | ‒6.6 | 4.2 | 1.8 | 9.7 | ||||
| Agriculture | 8.6 | ‒41.3 | 12.0 | ‒5.0 | 55.0 | ||||
| Livestock | 2.3 | 5.4 | 2.5 | 2.5 | 1.0 | ||||
| Fishing | ‒35.6 | ‒12.1 | 8.5 | 15.1 | 11.0 | ||||
| Secondary sector | 12.4 | ‒6.7 | ‒0.6 | ‒2.2 | 7.1 | ||||
| Mining | 50.0 | ‒10.0 | ‒7.1 | ‒20.0 | 12.2 | ||||
| Manufacturing and handicrafts | ‒2.9 | ‒8.4 | 6.2 | 11.1 | 5.5 | ||||
| Fishing | ‒8.0 | ‒11.5 | 9.9 | 15.1 | 6.0 | ||||
| Other industries | 6.0 | ‒3.9 | 0.9 | 5.0 | 4.7 | ||||
| Handicrafts | 6.2 | — | 5.0 | 5.0 | 4.7 | ||||
| Construction and public works | ‒17.3 | 4.2 | 3.5 | 12.0 | 2.3 | ||||
| Tertiary sector | 3.0 | 3.7 | 3.9 | 3.9 | 0.7 | ||||
| Commerce and other services | 2.8 | 6.1 | 4.3 | 7.0 | 1.5 | ||||
| Transport and communications | 5.7 | 6.3 | 5.0 | 6.5 | 1.5 | ||||
| Other services | 7.4 | 2.0 | 5.0 | 6.0 | — | ||||
| Public administration | 0.9 | 1.6 | 3.0 | — | — | ||||
| GDP at factor costs | 5.5 | ‒2.1 | 2.6 | 1.6 | 4.6 | ||||
| Indirect taxes | ‒2.0 | 2.0 | 3.2 | 3.1 | 7.6 | ||||
| GDP at market prices | 4.8 | ‒1.8 | 2.6 | 1.7 | 4.9 | ||||
Mauritania: Gross Domestic Product at Current Prices, 1989–93
Mauritania: Gross Domestic Product at Current Prices, 1989–93
| Est. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| (in million of ouguiyas) | |||||||||
| Primary sector | 23,509 | 21,825 | 23,994 | 25,561 | 27,106 | ||||
| Agriculture | 4,625 | 2,877 | 3,568 | 3,564 | 4,446 | ||||
| Livestock | 17,971 | 18,317 | 19,471 | 20,376 | 21,094 | ||||
| Fishing | 913 | 631 | 955 | 1,121 | 1,566 | ||||
| Secondary sector | 21,873 | 21,229 | 23,721 | 25,022 | 30,765 | ||||
| Mining | 9,474 | 9,085 | 9,820 | 7,989 | 10,447 | ||||
| Manufacturing and handicrafts | 8,527 | 7,575 | 8,537 | 10,162 | 12,669 | ||||
| Fishing | 5,381 | 4,100 | 4,672 | 5,488 | 7,378 | ||||
| Other industries | 3,010 | 3,325 | 3,700 | 4,482 | 5,066 | ||||
| Handicrafts | 136 | 150 | 165 | 192 | 225 | ||||
| Construction and public works | 3,872 | 4,569 | 5,364 | 6,952 | 7,649 | ||||
| Tertiary sector | 28,284 | 30,635 | 35,404 | 42,636 | 44,107 | ||||
| Commerce and other services | 9,649 | 10,942 | 12,426 | 15,311 | 15,956 | ||||
| Transport and communications | 3,711 | 4,983 | 5,734 | 7,866 | 7,422 | ||||
| Other services | 4,593 | 4,864 | 5,988 | 7,309 | 7,539 | ||||
| Public administration | 10,331 | 10,602 | 11,256 | 12,950 | 13,191 | ||||
| GDP (at factor cost) | 73,666 | 73,689 | 83,119 | 93,320 | 101,978 | ||||
| Indirect taxes | 7,851 | 8,500 | 9,500 | 13,393 | 12,472 | ||||
| GDP (at market prices) | 81,517 | 82,189 | 92,619 | 103,613 | 114,450 | ||||
| Annual change (in percent) | 13.1 | 0.8 | 12.7 | 11.9 | 10.5 | ||||
| GDP deflator (annual change, in percent) | 8.0 | 2.6 | 9.8 | 10.0 | 5.3 | ||||
| (Shares of GDP in percent) | |||||||||
| Primary sector | 28.8 | 26.6 | 25.9 | 24.7 | 23.7 | ||||
| Agriculture | 5.7 | 3.5 | 3.9 | 3.4 | 3.9 | ||||
| livestock | 22.0 | 22.3 | 21.0 | 20.1 | 18.4 | ||||
| Fishing | 1.1 | 0.8 | 1.0 | 1.1 | 1.4 | ||||
| Secondary sector | 26.8 | 25.8 | 25.6 | 24.1 | 26.9 | ||||
| Mining | 11.6 | 11.1 | 10.6 | 7.6 | 9.1 | ||||
| Manufacturing and handicrafts | 10.5 | 9.2 | 9.2 | 9.8 | 11.1 | ||||
| Fishing | 6.6 | 5.0 | 5.0 | 5.3 | 6.4 | ||||
| Other industries | 3.7 | 4.0 | 4.0 | 4.3 | 4.4 | ||||
| Handicrafts | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | ||||
| Construction and public works | 4.7 | 5.6 | 5.8 | 6.7 | 6.7 | ||||
| Tertiary sector | 34.7 | 37.3 | 38.2 | 41.1 | 38.5 | ||||
| Commerce and other services | 11.8 | 13.3 | 13.4 | 14.8 | 13.9 | ||||
| Transport and communications | 4.6 | 5.1 | 6.2 | 6.3 | 6.5 | ||||
| Other services | 5.6 | 5.9 | 6.5 | 7.1 | 6.6 | ||||
| Public administration | 12.7 | 12.9 | 12.2 | 12.5 | 11.5 | ||||
| GDP (at factor cost) | 90.4 | 89.7 | 89.7 | 90.0 | 89.1 | ||||
| Indirect taxes | 9.6 | 10.3 | 10.3 | 10.0 | 10.9 | ||||
| GDP (at market prices) | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Mauritania: Gross Domestic Product at Current Prices, 1989–93
| Est. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| (in million of ouguiyas) | |||||||||
| Primary sector | 23,509 | 21,825 | 23,994 | 25,561 | 27,106 | ||||
| Agriculture | 4,625 | 2,877 | 3,568 | 3,564 | 4,446 | ||||
| Livestock | 17,971 | 18,317 | 19,471 | 20,376 | 21,094 | ||||
| Fishing | 913 | 631 | 955 | 1,121 | 1,566 | ||||
| Secondary sector | 21,873 | 21,229 | 23,721 | 25,022 | 30,765 | ||||
| Mining | 9,474 | 9,085 | 9,820 | 7,989 | 10,447 | ||||
| Manufacturing and handicrafts | 8,527 | 7,575 | 8,537 | 10,162 | 12,669 | ||||
| Fishing | 5,381 | 4,100 | 4,672 | 5,488 | 7,378 | ||||
| Other industries | 3,010 | 3,325 | 3,700 | 4,482 | 5,066 | ||||
| Handicrafts | 136 | 150 | 165 | 192 | 225 | ||||
| Construction and public works | 3,872 | 4,569 | 5,364 | 6,952 | 7,649 | ||||
| Tertiary sector | 28,284 | 30,635 | 35,404 | 42,636 | 44,107 | ||||
| Commerce and other services | 9,649 | 10,942 | 12,426 | 15,311 | 15,956 | ||||
| Transport and communications | 3,711 | 4,983 | 5,734 | 7,866 | 7,422 | ||||
| Other services | 4,593 | 4,864 | 5,988 | 7,309 | 7,539 | ||||
| Public administration | 10,331 | 10,602 | 11,256 | 12,950 | 13,191 | ||||
| GDP (at factor cost) | 73,666 | 73,689 | 83,119 | 93,320 | 101,978 | ||||
| Indirect taxes | 7,851 | 8,500 | 9,500 | 13,393 | 12,472 | ||||
| GDP (at market prices) | 81,517 | 82,189 | 92,619 | 103,613 | 114,450 | ||||
| Annual change (in percent) | 13.1 | 0.8 | 12.7 | 11.9 | 10.5 | ||||
| GDP deflator (annual change, in percent) | 8.0 | 2.6 | 9.8 | 10.0 | 5.3 | ||||
| (Shares of GDP in percent) | |||||||||
| Primary sector | 28.8 | 26.6 | 25.9 | 24.7 | 23.7 | ||||
| Agriculture | 5.7 | 3.5 | 3.9 | 3.4 | 3.9 | ||||
| livestock | 22.0 | 22.3 | 21.0 | 20.1 | 18.4 | ||||
| Fishing | 1.1 | 0.8 | 1.0 | 1.1 | 1.4 | ||||
| Secondary sector | 26.8 | 25.8 | 25.6 | 24.1 | 26.9 | ||||
| Mining | 11.6 | 11.1 | 10.6 | 7.6 | 9.1 | ||||
| Manufacturing and handicrafts | 10.5 | 9.2 | 9.2 | 9.8 | 11.1 | ||||
| Fishing | 6.6 | 5.0 | 5.0 | 5.3 | 6.4 | ||||
| Other industries | 3.7 | 4.0 | 4.0 | 4.3 | 4.4 | ||||
| Handicrafts | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | ||||
| Construction and public works | 4.7 | 5.6 | 5.8 | 6.7 | 6.7 | ||||
| Tertiary sector | 34.7 | 37.3 | 38.2 | 41.1 | 38.5 | ||||
| Commerce and other services | 11.8 | 13.3 | 13.4 | 14.8 | 13.9 | ||||
| Transport and communications | 4.6 | 5.1 | 6.2 | 6.3 | 6.5 | ||||
| Other services | 5.6 | 5.9 | 6.5 | 7.1 | 6.6 | ||||
| Public administration | 12.7 | 12.9 | 12.2 | 12.5 | 11.5 | ||||
| GDP (at factor cost) | 90.4 | 89.7 | 89.7 | 90.0 | 89.1 | ||||
| Indirect taxes | 9.6 | 10.3 | 10.3 | 10.0 | 10.9 | ||||
| GDP (at market prices) | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Mauritania: Supply and Use of Resources at Current Prices, 1989–93
Including public enterprises.
Determined as a residual.
Including change in stocks.
Including private transfers.
Mauritania: Supply and Use of Resources at Current Prices, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (in billions of ouguiyas) | |||||||||
| Supply of resources | 127.8 | 132.1 | 141.1 | 157.6 | 182.5 | ||||
| Gross domestic product | 81.5 | 82.2 | 92.6 | 103.6 | 114.5 | ||||
| imports of goods and nonfactor services | 46.3 | 49.9 | 48.4 | 53.9 | 68.0 | ||||
| Use of resources | 127.8 | 132.1 | 141.1 | 157.6 | 182.5 | ||||
| Gross domestic expenditure | 86.4 | 94.0 | 100.0 | 117.3 | 130.2 | ||||
| Consumption | 71.2 | 77.6 | 83.3 | 96.1 | 103.4 | ||||
| Central Government | 8.1 | 9.1 | 10.1 | 10.8 | 12.5 | ||||
| Private 1/ 2/ | 63.1 | 68.5 | 73.3 | 85.3 | 90.9 | ||||
| Gross investment | 15.1 | 16.4 | 16.6 | 21.2 | 26.8 | ||||
| Central Government | 4.5 | 5.1 | 4.8 | 4.7 | 6.5 | ||||
| Private sector 1/ 3/ | 10.6 | 11.2 | 11.9 | 16.5 | 20.2 | ||||
| Of which: SNIM | 2.8 | 2.2 | 5.3 | 8.6 | 9.7 | ||||
| Exports of goods and nonfactor services | 41.4 | 38.1 | 41.1 | 40.2 | 52.3 | ||||
| Memorandum items: | |||||||||
| Domestic savings | 10.3 | 4.6 | 9.3 | 7.5 | 11.1 | ||||
| Resource gap | 4.8 | 11.8 | 7.3 | 13.7 | 15.7 | ||||
| Factor income (net) 4/ | ‒7.0 | ‒5.9 | ‒6.3 | ‒3.4 | ‒8.4 | ||||
| Gross national savings | 3.3 | ‒1.3 | 3.0 | 4.0 | 2.6 | ||||
| (In percent of GDP) | |||||||||
| Supply of resources | 156.7 | 160.7 | 152.3 | 152.1 | 159.5 | ||||
| Gross domestic product | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Imports of goods and nonfactor services | 56.7 | 60.7 | 52.3 | 52.1 | 59.5 | ||||
| Use of resources | 156.7 | 160.7 | 152.3 | 152.1 | 159.5 | ||||
| Gross domestic expenditure | 105.9 | 114.3 | 107.9 | 113.2 | 113.7 | ||||
| Consumption | 87.4 | 94.4 | 90.0 | 92.8 | 90.3 | ||||
| Central Government | 10.0 | 11.1 | 10.9 | 10.5 | 10.9 | ||||
| Private 1/ 2/ | 77.4 | 83.3 | 79.1 | 82.3 | 79.5 | ||||
| Gross investment | 18.6 | 19.9 | 17.9 | 20.4 | 23.4 | ||||
| Central Government | 5.6 | 6.3 | 5.1 | 4.5 | 5.7 | ||||
| Private sector 1/ 3/ | 13.0 | 13.7 | 12.8 | 15.9 | 17.7 | ||||
| Of which: SNIM | 3.4 | 2.7 | 5.7 | 8.3 | 8.4 | ||||
| Exports of goods and nonfactor services | 50.8 | 46.4 | 44.4 | 38.8 | 45.7 | ||||
| Memorandum items: | |||||||||
| Domestic savings | 12.6 | 5.6 | 10.0 | 7.2 | 9.7 | ||||
| Resource gap | 5.9 | 14.3 | 7.9 | 13.2 | 13.7 | ||||
| Factor income (net) 4/ | ‒8.6 | ‒7.2 | ‒6.8 | ‒3.3 | ‒7.3 | ||||
| Gross national savings | 4.1 | ‒1.6 | 3.2 | 3.9 | 2.3 | ||||
Including public enterprises.
Determined as a residual.
Including change in stocks.
Including private transfers.
Mauritania: Supply and Use of Resources at Current Prices, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (in billions of ouguiyas) | |||||||||
| Supply of resources | 127.8 | 132.1 | 141.1 | 157.6 | 182.5 | ||||
| Gross domestic product | 81.5 | 82.2 | 92.6 | 103.6 | 114.5 | ||||
| imports of goods and nonfactor services | 46.3 | 49.9 | 48.4 | 53.9 | 68.0 | ||||
| Use of resources | 127.8 | 132.1 | 141.1 | 157.6 | 182.5 | ||||
| Gross domestic expenditure | 86.4 | 94.0 | 100.0 | 117.3 | 130.2 | ||||
| Consumption | 71.2 | 77.6 | 83.3 | 96.1 | 103.4 | ||||
| Central Government | 8.1 | 9.1 | 10.1 | 10.8 | 12.5 | ||||
| Private 1/ 2/ | 63.1 | 68.5 | 73.3 | 85.3 | 90.9 | ||||
| Gross investment | 15.1 | 16.4 | 16.6 | 21.2 | 26.8 | ||||
| Central Government | 4.5 | 5.1 | 4.8 | 4.7 | 6.5 | ||||
| Private sector 1/ 3/ | 10.6 | 11.2 | 11.9 | 16.5 | 20.2 | ||||
| Of which: SNIM | 2.8 | 2.2 | 5.3 | 8.6 | 9.7 | ||||
| Exports of goods and nonfactor services | 41.4 | 38.1 | 41.1 | 40.2 | 52.3 | ||||
| Memorandum items: | |||||||||
| Domestic savings | 10.3 | 4.6 | 9.3 | 7.5 | 11.1 | ||||
| Resource gap | 4.8 | 11.8 | 7.3 | 13.7 | 15.7 | ||||
| Factor income (net) 4/ | ‒7.0 | ‒5.9 | ‒6.3 | ‒3.4 | ‒8.4 | ||||
| Gross national savings | 3.3 | ‒1.3 | 3.0 | 4.0 | 2.6 | ||||
| (In percent of GDP) | |||||||||
| Supply of resources | 156.7 | 160.7 | 152.3 | 152.1 | 159.5 | ||||
| Gross domestic product | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
| Imports of goods and nonfactor services | 56.7 | 60.7 | 52.3 | 52.1 | 59.5 | ||||
| Use of resources | 156.7 | 160.7 | 152.3 | 152.1 | 159.5 | ||||
| Gross domestic expenditure | 105.9 | 114.3 | 107.9 | 113.2 | 113.7 | ||||
| Consumption | 87.4 | 94.4 | 90.0 | 92.8 | 90.3 | ||||
| Central Government | 10.0 | 11.1 | 10.9 | 10.5 | 10.9 | ||||
| Private 1/ 2/ | 77.4 | 83.3 | 79.1 | 82.3 | 79.5 | ||||
| Gross investment | 18.6 | 19.9 | 17.9 | 20.4 | 23.4 | ||||
| Central Government | 5.6 | 6.3 | 5.1 | 4.5 | 5.7 | ||||
| Private sector 1/ 3/ | 13.0 | 13.7 | 12.8 | 15.9 | 17.7 | ||||
| Of which: SNIM | 3.4 | 2.7 | 5.7 | 8.3 | 8.4 | ||||
| Exports of goods and nonfactor services | 50.8 | 46.4 | 44.4 | 38.8 | 45.7 | ||||
| Memorandum items: | |||||||||
| Domestic savings | 12.6 | 5.6 | 10.0 | 7.2 | 9.7 | ||||
| Resource gap | 5.9 | 14.3 | 7.9 | 13.2 | 13.7 | ||||
| Factor income (net) 4/ | ‒8.6 | ‒7.2 | ‒6.8 | ‒3.3 | ‒7.3 | ||||
| Gross national savings | 4.1 | ‒1.6 | 3.2 | 3.9 | 2.3 | ||||
Including public enterprises.
Determined as a residual.
Including change in stocks.
Including private transfers.
Mauritania: Area Cultivated and Production of Selected Crops, 1989/90–1993/94 1/
Crop year usually ends June 30; the main harvest takes place at the end of the first cropping season, before December 31 of each calendar year.
Excluding new spring cereal culture.
Mauritania: Area Cultivated and Production of Selected Crops, 1989/90–1993/94 1/
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989/90 | 1990/91 2/ | 1991/92 | 1992/93 | 1993/94 | |||||
| (in thousands of hectares) | |||||||||
| Area cultivated | |||||||||
| Total cereals | 192.2 | 121.5 | 159.0 | 112.5 | 146.1 | ||||
| Millet and sorghum | 174.5 | 102.6 | 140.3 | 95.7 | 128.8 | ||||
| Paddy rice | 13.4 | 14.4 | 14.8 | 12.7 | 17.3 | ||||
| Maize, wheat, and barley | 4.3 | 4.5 | 3.9 | 4.1 | — | ||||
| Cowpeas, vegetables, and other | 75.4 | 27.9 | 60.6 | 26.2 | 60.0 | ||||
| Dates | 5.0 | 13.0 | 13.0 | 12.0 | 15.0 | ||||
| (In thousands of metric tons) | |||||||||
| Production | |||||||||
| Total cereals | 183.6 | 104.4 | 104.1 | 105.5 | 160.4 | ||||
| Millet and sorghum | 124.6 | 49.3 | 60.3 | 51.7 | 96.8 | ||||
| Paddy rice | 55.9 | 52.4 | 41.6 | 50.7 | 63.6 | ||||
| Maize, wheat, and barley | 3.1 | 2.7 | 2.2 | 3.1 | — | ||||
| Cowpeas, vegetables, and other | 33.8 | 8.3 | 19.9 | 15.2 | 25.0 | ||||
| Dates | 16.7 | 13.0 | 13.0 | 12.0 | 15.0 | ||||
Crop year usually ends June 30; the main harvest takes place at the end of the first cropping season, before December 31 of each calendar year.
Excluding new spring cereal culture.
Mauritania: Area Cultivated and Production of Selected Crops, 1989/90–1993/94 1/
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989/90 | 1990/91 2/ | 1991/92 | 1992/93 | 1993/94 | |||||
| (in thousands of hectares) | |||||||||
| Area cultivated | |||||||||
| Total cereals | 192.2 | 121.5 | 159.0 | 112.5 | 146.1 | ||||
| Millet and sorghum | 174.5 | 102.6 | 140.3 | 95.7 | 128.8 | ||||
| Paddy rice | 13.4 | 14.4 | 14.8 | 12.7 | 17.3 | ||||
| Maize, wheat, and barley | 4.3 | 4.5 | 3.9 | 4.1 | — | ||||
| Cowpeas, vegetables, and other | 75.4 | 27.9 | 60.6 | 26.2 | 60.0 | ||||
| Dates | 5.0 | 13.0 | 13.0 | 12.0 | 15.0 | ||||
| (In thousands of metric tons) | |||||||||
| Production | |||||||||
| Total cereals | 183.6 | 104.4 | 104.1 | 105.5 | 160.4 | ||||
| Millet and sorghum | 124.6 | 49.3 | 60.3 | 51.7 | 96.8 | ||||
| Paddy rice | 55.9 | 52.4 | 41.6 | 50.7 | 63.6 | ||||
| Maize, wheat, and barley | 3.1 | 2.7 | 2.2 | 3.1 | — | ||||
| Cowpeas, vegetables, and other | 33.8 | 8.3 | 19.9 | 15.2 | 25.0 | ||||
| Dates | 16.7 | 13.0 | 13.0 | 12.0 | 15.0 | ||||
Crop year usually ends June 30; the main harvest takes place at the end of the first cropping season, before December 31 of each calendar year.
Excluding new spring cereal culture.
Mauritania: Supply of Cereals, 1989–93
(In thousands of metric tons)
Consumable cereal production equals gross production less estimated losses on paddy (40 percent) and other cereals (15 percent).
Mauritania: Supply of Cereals, 1989–93
(In thousands of metric tons)
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| Production 1/ | 142 | 83 | 78 | 73 | 115 | ||||
| Imports | 95 | 208 | 201 | 213 | 200 | ||||
| Rice(SONIMEX) | 55 | 47 | 20 | 59 | 59 | ||||
| Flour (private sector) | 40 | 68 | 75 | 79 | 79 | ||||
| Other (private sector) | — | 93 | 106 | 75 | 62 | ||||
| Food aid | 65 | 84 | 45 | 37 | 48 | ||||
| Total supply | 302 | 375 | 324 | 323 | 363 | ||||
| Per capita supply (in kilograms) | 147 | 178 | 149 | 133 | 163 | ||||
Consumable cereal production equals gross production less estimated losses on paddy (40 percent) and other cereals (15 percent).
Mauritania: Supply of Cereals, 1989–93
(In thousands of metric tons)
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| Production 1/ | 142 | 83 | 78 | 73 | 115 | ||||
| Imports | 95 | 208 | 201 | 213 | 200 | ||||
| Rice(SONIMEX) | 55 | 47 | 20 | 59 | 59 | ||||
| Flour (private sector) | 40 | 68 | 75 | 79 | 79 | ||||
| Other (private sector) | — | 93 | 106 | 75 | 62 | ||||
| Food aid | 65 | 84 | 45 | 37 | 48 | ||||
| Total supply | 302 | 375 | 324 | 323 | 363 | ||||
| Per capita supply (in kilograms) | 147 | 178 | 149 | 133 | 163 | ||||
Consumable cereal production equals gross production less estimated losses on paddy (40 percent) and other cereals (15 percent).
Mauritania: Distribution and Marketing of Foodstuffs by the CSA, 1989–93
(In thousands of metric tons)
Mauritania: Distribution and Marketing of Foodstuffs by the CSA, 1989–93
(In thousands of metric tons)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Food aid | |||||||||
| Food distribution | 18.0 | 10.0 | 21.0 | 25.5 | 30.5 | ||||
| Cereal sales | 34.1 | 38.4 | 6.2 | 46.0 | 14.5 | ||||
| Sales of domestic cereals | |||||||||
| Paddy rice | 14.6 | 11.0 | 2.8 | 5.9 | 1.7 | ||||
| Other cereals | 1.4 | 0.9 | — | — | — | ||||
Mauritania: Distribution and Marketing of Foodstuffs by the CSA, 1989–93
(In thousands of metric tons)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Food aid | |||||||||
| Food distribution | 18.0 | 10.0 | 21.0 | 25.5 | 30.5 | ||||
| Cereal sales | 34.1 | 38.4 | 6.2 | 46.0 | 14.5 | ||||
| Sales of domestic cereals | |||||||||
| Paddy rice | 14.6 | 11.0 | 2.8 | 5.9 | 1.7 | ||||
| Other cereals | 1.4 | 0.9 | — | — | — | ||||
Mauritania: Official Producer Prices in the Agricultural Sector, 1989/90–1993/94
(In ouguiyas per kilogram)
The conversion rate of paddy to milled rice is 60 percent
Import cost at Nouakchott.
Wholesale price at Nouakchott.
Mauritania: Official Producer Prices in the Agricultural Sector, 1989/90–1993/94
(In ouguiyas per kilogram)
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989/90 | 1990/91 | 1991/92 | 1992/93 | 1993/94 | |||||
| Producer prices | |||||||||
| Paddy 1/ | 19.0 | 21.0 | 21.0 | 24.0 | 25.0 | ||||
| Millet | 22.0 | 21.0 | 22.0 | 24.0 | 21.2 | ||||
| Sorghum | 22.0 | 22.0 | 22.0 | 24.0 | 21.2 | ||||
| Maize | 22.0 | 22.0 | 22.0 | 24.0 | 21.2 | ||||
| Purchase price of local milled rice (ex-factory) | 35.0 | 35.0 | 38.0 | … | … | ||||
| Import cost (c.i.f.) of milled rice (broken) 2/ | 20.7 | 22.0 | 18.0 | … | … | ||||
| Wholesale price of rice sold by SONIMEX (milled rice - broken) 3/ | 36.0 | 41.0 | 41.0 | … | … | ||||
The conversion rate of paddy to milled rice is 60 percent
Import cost at Nouakchott.
Wholesale price at Nouakchott.
Mauritania: Official Producer Prices in the Agricultural Sector, 1989/90–1993/94
(In ouguiyas per kilogram)
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989/90 | 1990/91 | 1991/92 | 1992/93 | 1993/94 | |||||
| Producer prices | |||||||||
| Paddy 1/ | 19.0 | 21.0 | 21.0 | 24.0 | 25.0 | ||||
| Millet | 22.0 | 21.0 | 22.0 | 24.0 | 21.2 | ||||
| Sorghum | 22.0 | 22.0 | 22.0 | 24.0 | 21.2 | ||||
| Maize | 22.0 | 22.0 | 22.0 | 24.0 | 21.2 | ||||
| Purchase price of local milled rice (ex-factory) | 35.0 | 35.0 | 38.0 | … | … | ||||
| Import cost (c.i.f.) of milled rice (broken) 2/ | 20.7 | 22.0 | 18.0 | … | … | ||||
| Wholesale price of rice sold by SONIMEX (milled rice - broken) 3/ | 36.0 | 41.0 | 41.0 | … | … | ||||
The conversion rate of paddy to milled rice is 60 percent
Import cost at Nouakchott.
Wholesale price at Nouakchott.
Mauritania: SONIMEX – Sales Statistics, 1989–93
Including import duties, consumption taxes, and incidental expenses.
Mauritania: SONIMEX – Sales Statistics, 1989–93
| Units | 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Broken rice | ||||||||||
| 1. Imports | 1,000 mt | 53.80 | 38.01 | 39.72 | 20.23 | 14.70 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 19.39 | 15.02 | 14.12 | 18.06 | 25.72 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 20.17 | 17.78 | 16.90 | 18.24 | 25.97 | ||||
| 4. Cost 1/ | UM/kg | 33.07 | 32.99 | 40.67 | 41.20 | 45.98 | ||||
| 5. Sale price | UM/kg | 30.53 | 36.00 | 41.00 | 43.14 | 50.96 | ||||
| 6. Gross unit margin (5–4) | UM/kg | ‒2.54 | 3.01 | 0.33 | 1.91 | 4.98 | ||||
| 7. Sales | 1,000 mt | 71.10 | 68.69 | 35.74 | 27.34 | 6.54 | ||||
| 8. Gross margin | million UM | ‒180.59 | 206.76 | 11.79 | 52.22 | 32.54 | ||||
| Rice | ||||||||||
| 1. Imports | 1,000 mt | 0.99 | 0.51 | 1.02 | 1.58 | 0.50 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 2432 | 28.57 | 27.74 | 26.94 | 38.26 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 25.26 | 31.67 | 36.46 | 27.21 | 38.64 | ||||
| 4. Cost 1/ | UM/kg | 41.13 | 53.55 | 53.14 | 51.80 | 60.33 | ||||
| 5. Sale price | UM/kg | 44.00 | 54.00 | 65.00 | 65.99 | 70.16 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 2.87 | 0.45 | 11.86 | 14.18 | 9.83 | ||||
| 7. Sales | 1,000 mt | 0.27 | 0.26 | 0.79 | 1.56 | 0.69 | ||||
| 8. Gross margin | million UM | 0.77 | 0.12 | 9.37 | 22.12 | 6.78 | ||||
| Granulated sugar | ||||||||||
| 1. Imports | 1,000 mt | 47.70 | 31.18 | 46.70 | 59.99 | 39.00 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 31.72 | 35.30 | 23.97 | 29.73 | 38.93 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 34.55 | 38.71 | 31.31 | 30.02 | 39.32 | ||||
| 4. Cost 1/ | UM/kg | 53.77 | 64.71 | 55.76 | 56.80 | 63.22 | ||||
| 5. Sale price | UM/kg | 43.76 | 62.28 | 60.00 | 62.65 | 71.28 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 10.01 | ‒2.43 | 4.24 | 5.85 | 8.06 | ||||
| 7. Sales | 1,000 mt | 25.77 | 28.18 | 38.75 | 40.59 | 63.29 | ||||
| 8. Gross margin | million UM | ‒252.96 | ‒68.48 | 164.30 | 237.45 | 510.18 | ||||
| Imported lump sugar | ||||||||||
| 1. Imports | 1,000 mt | 11.06 | 17.65 | 12.97 | 16.42 | 4.58 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 41.54 | 51.12 | 45.21 | 51.34 | 58.25 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 44.16 | 54.79 | 49.02 | 51.85 | 58.83 | ||||
| 4. Cost 1/ | UM/kg | 62.91 | 79.67 | 72.51 | 77.00 | 85.78 | ||||
| 5. Sale price | UM/kg | 70.47 | 75.00 | 77.35 | 65.09 | 89.96 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 756 | ‒4.67 | 4.84 | 7.60 | 4.20 | ||||
| 7. Sales | 1,000 mt | 9.84 | 15.42 | 14.34 | 14.89 | 4.85 | ||||
| 8. Gross margin | million UM | 74.39 | ‒72.01 | 69.41 | 114.90 | 20.41 | ||||
| Tea | ||||||||||
| 1. Imports | 1,000 mt | 2.95 | 3.39 | 1.74 | 2.27 | 0.65 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 406.19 | 449.25 | 457.01 | 480.99 | 375.24 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 413.80 | 453.69 | 501.33 | 485.80 | 379.11 | ||||
| 4. Cost 1/ | UM/kg | 683.98 | 803.13 | 816.62 | 879.00 | 715.88 | ||||
| 5. Sale price | UM/kg | 723.13 | 833.30 | 827.95 | 850.13 | 895.76 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 39.15 | 30.17 | 11.33 | ‒29.00 | 179.88 | ||||
| 7. Sales | 1,000 mt | 3.37 | 2.89 | 2.86 | 2.69 | 0.76 | ||||
| 8. Gross margin | million UM | 131.94 | 87.19 | 32.40 | ‒78.00 | 136.71 | ||||
Including import duties, consumption taxes, and incidental expenses.
Mauritania: SONIMEX – Sales Statistics, 1989–93
| Units | 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Broken rice | ||||||||||
| 1. Imports | 1,000 mt | 53.80 | 38.01 | 39.72 | 20.23 | 14.70 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 19.39 | 15.02 | 14.12 | 18.06 | 25.72 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 20.17 | 17.78 | 16.90 | 18.24 | 25.97 | ||||
| 4. Cost 1/ | UM/kg | 33.07 | 32.99 | 40.67 | 41.20 | 45.98 | ||||
| 5. Sale price | UM/kg | 30.53 | 36.00 | 41.00 | 43.14 | 50.96 | ||||
| 6. Gross unit margin (5–4) | UM/kg | ‒2.54 | 3.01 | 0.33 | 1.91 | 4.98 | ||||
| 7. Sales | 1,000 mt | 71.10 | 68.69 | 35.74 | 27.34 | 6.54 | ||||
| 8. Gross margin | million UM | ‒180.59 | 206.76 | 11.79 | 52.22 | 32.54 | ||||
| Rice | ||||||||||
| 1. Imports | 1,000 mt | 0.99 | 0.51 | 1.02 | 1.58 | 0.50 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 2432 | 28.57 | 27.74 | 26.94 | 38.26 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 25.26 | 31.67 | 36.46 | 27.21 | 38.64 | ||||
| 4. Cost 1/ | UM/kg | 41.13 | 53.55 | 53.14 | 51.80 | 60.33 | ||||
| 5. Sale price | UM/kg | 44.00 | 54.00 | 65.00 | 65.99 | 70.16 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 2.87 | 0.45 | 11.86 | 14.18 | 9.83 | ||||
| 7. Sales | 1,000 mt | 0.27 | 0.26 | 0.79 | 1.56 | 0.69 | ||||
| 8. Gross margin | million UM | 0.77 | 0.12 | 9.37 | 22.12 | 6.78 | ||||
| Granulated sugar | ||||||||||
| 1. Imports | 1,000 mt | 47.70 | 31.18 | 46.70 | 59.99 | 39.00 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 31.72 | 35.30 | 23.97 | 29.73 | 38.93 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 34.55 | 38.71 | 31.31 | 30.02 | 39.32 | ||||
| 4. Cost 1/ | UM/kg | 53.77 | 64.71 | 55.76 | 56.80 | 63.22 | ||||
| 5. Sale price | UM/kg | 43.76 | 62.28 | 60.00 | 62.65 | 71.28 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 10.01 | ‒2.43 | 4.24 | 5.85 | 8.06 | ||||
| 7. Sales | 1,000 mt | 25.77 | 28.18 | 38.75 | 40.59 | 63.29 | ||||
| 8. Gross margin | million UM | ‒252.96 | ‒68.48 | 164.30 | 237.45 | 510.18 | ||||
| Imported lump sugar | ||||||||||
| 1. Imports | 1,000 mt | 11.06 | 17.65 | 12.97 | 16.42 | 4.58 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 41.54 | 51.12 | 45.21 | 51.34 | 58.25 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 44.16 | 54.79 | 49.02 | 51.85 | 58.83 | ||||
| 4. Cost 1/ | UM/kg | 62.91 | 79.67 | 72.51 | 77.00 | 85.78 | ||||
| 5. Sale price | UM/kg | 70.47 | 75.00 | 77.35 | 65.09 | 89.96 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 756 | ‒4.67 | 4.84 | 7.60 | 4.20 | ||||
| 7. Sales | 1,000 mt | 9.84 | 15.42 | 14.34 | 14.89 | 4.85 | ||||
| 8. Gross margin | million UM | 74.39 | ‒72.01 | 69.41 | 114.90 | 20.41 | ||||
| Tea | ||||||||||
| 1. Imports | 1,000 mt | 2.95 | 3.39 | 1.74 | 2.27 | 0.65 | ||||
| 2. Purchase price, f.o.b. | UM/kg | 406.19 | 449.25 | 457.01 | 480.99 | 375.24 | ||||
| 3. Purchase price, c.i.f. | UM/kg | 413.80 | 453.69 | 501.33 | 485.80 | 379.11 | ||||
| 4. Cost 1/ | UM/kg | 683.98 | 803.13 | 816.62 | 879.00 | 715.88 | ||||
| 5. Sale price | UM/kg | 723.13 | 833.30 | 827.95 | 850.13 | 895.76 | ||||
| 6. Gross unit margin (5-4) | UM/kg | 39.15 | 30.17 | 11.33 | ‒29.00 | 179.88 | ||||
| 7. Sales | 1,000 mt | 3.37 | 2.89 | 2.86 | 2.69 | 0.76 | ||||
| 8. Gross margin | million UM | 131.94 | 87.19 | 32.40 | ‒78.00 | 136.71 | ||||
Including import duties, consumption taxes, and incidental expenses.
Mauritania: CSA – Operating Revenues and Expenditures, 1989–93
(in millions of ouguiyas)
Mauritania: CSA – Operating Revenues and Expenditures, 1989–93
(in millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,103.5 | 847.0 | 180.4 | 944.2 | 714.6 | ||||
| Sales | 1,103.5 | 847.0 | 180.4 | 660.2 | 283.1 | ||||
| Sales in CSA centers | 746.0 | 825.1 | 56.8 | 457.1 | … | ||||
| Imported rice | — | 9.5 | 112.5 | 176.4 | … | ||||
| Local rice | 323.7 | — | 24.1 | 26.7 | … | ||||
| Other local cereals | 33.8 | 12.4 | 107.0 | — | … | ||||
| Operating subsidy | — | — | — | 50.0 | 212.0 | ||||
| Other revenues | — | — | — | 234.0 | 219.5 | ||||
| Expenses | 2,050.3 | 1,454.6 | 696.3 | 615.6 | 391.6 | ||||
| Purchases | 1,474.8 | 1,126.4 | 478.7 | 109.4 | 114.2 | ||||
| Imported wheat | 883.1 | 810.9 | 119.3 | 70.2 | … | ||||
| Imported rice | 118.7 | 13.8 | 261.8 | — | … | ||||
| Other imported products | — | — | — | — | … | ||||
| Domestic rice | 336.5 | 203.4 | 47.3 | — | … | ||||
| Other local cereals | 32.9 | 20.3 | — | — | … | ||||
| Freight and transit | 103.6 | 78.0 | 50.3 | 39.2 | … | ||||
| Personnel | 203.6 | 154.3 | 52.0 | 187.2 | 150.7 | ||||
| Transport | 147.4 | 102.6 | 64.5 | 93.0 | … | ||||
| Amortization | 95.1 | — | 56.8 | 56.2 | 50.9 | ||||
| Other | 129.4 | 71.3 | 44.3 | 169.8 | 75.8 | ||||
| Operating profit/loss | ‒946.8 | ‒607.6 | ‒515.9 | 328.6 | 323.0 | ||||
Mauritania: CSA – Operating Revenues and Expenditures, 1989–93
(in millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,103.5 | 847.0 | 180.4 | 944.2 | 714.6 | ||||
| Sales | 1,103.5 | 847.0 | 180.4 | 660.2 | 283.1 | ||||
| Sales in CSA centers | 746.0 | 825.1 | 56.8 | 457.1 | … | ||||
| Imported rice | — | 9.5 | 112.5 | 176.4 | … | ||||
| Local rice | 323.7 | — | 24.1 | 26.7 | … | ||||
| Other local cereals | 33.8 | 12.4 | 107.0 | — | … | ||||
| Operating subsidy | — | — | — | 50.0 | 212.0 | ||||
| Other revenues | — | — | — | 234.0 | 219.5 | ||||
| Expenses | 2,050.3 | 1,454.6 | 696.3 | 615.6 | 391.6 | ||||
| Purchases | 1,474.8 | 1,126.4 | 478.7 | 109.4 | 114.2 | ||||
| Imported wheat | 883.1 | 810.9 | 119.3 | 70.2 | … | ||||
| Imported rice | 118.7 | 13.8 | 261.8 | — | … | ||||
| Other imported products | — | — | — | — | … | ||||
| Domestic rice | 336.5 | 203.4 | 47.3 | — | … | ||||
| Other local cereals | 32.9 | 20.3 | — | — | … | ||||
| Freight and transit | 103.6 | 78.0 | 50.3 | 39.2 | … | ||||
| Personnel | 203.6 | 154.3 | 52.0 | 187.2 | 150.7 | ||||
| Transport | 147.4 | 102.6 | 64.5 | 93.0 | … | ||||
| Amortization | 95.1 | — | 56.8 | 56.2 | 50.9 | ||||
| Other | 129.4 | 71.3 | 44.3 | 169.8 | 75.8 | ||||
| Operating profit/loss | ‒946.8 | ‒607.6 | ‒515.9 | 328.6 | 323.0 | ||||
Mauritania: Estimated Size of Livestock Herds, Controlled Slaughtering, and Average Prices, 1989–93
Mauritania: Estimated Size of Livestock Herds, Controlled Slaughtering, and Average Prices, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of head) | |||||||||
| Livestock herds | |||||||||
| Cattle | 1,300 | 1,350 | 1,350 | 1,200 | 1,100 | ||||
| Sheep and goats | 8,100 | 8,500 | 8,300 | 8,200 | 8,900 | ||||
| Camels | 910 | 950 | 950 | 1,050 | 1,080 | ||||
| Controlled slaughtering | |||||||||
| Cattle | 33 | 33 | 32 | 33 | … | ||||
| Sheep and goats | 90 | 98 | 98 | 102 | … | ||||
| Camels | 17 | 20 | 18 | 19 | … | ||||
| (In ouguiyas per head) | |||||||||
| Cattle | 28,400 | 25,660 | 21,333 | 25,600 | 25,000 | ||||
| Sheep | 4,600 | 4,700 | 4,033 | 4,800 | 5,000 | ||||
| Goats | 3,500 | 3,590 | 3,050 | 3,800 | 3,500 | ||||
| Camels | 38,000 | 42,550 | 36,400 | 35,000 | 35,000 | ||||
Mauritania: Estimated Size of Livestock Herds, Controlled Slaughtering, and Average Prices, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of head) | |||||||||
| Livestock herds | |||||||||
| Cattle | 1,300 | 1,350 | 1,350 | 1,200 | 1,100 | ||||
| Sheep and goats | 8,100 | 8,500 | 8,300 | 8,200 | 8,900 | ||||
| Camels | 910 | 950 | 950 | 1,050 | 1,080 | ||||
| Controlled slaughtering | |||||||||
| Cattle | 33 | 33 | 32 | 33 | … | ||||
| Sheep and goats | 90 | 98 | 98 | 102 | … | ||||
| Camels | 17 | 20 | 18 | 19 | … | ||||
| (In ouguiyas per head) | |||||||||
| Cattle | 28,400 | 25,660 | 21,333 | 25,600 | 25,000 | ||||
| Sheep | 4,600 | 4,700 | 4,033 | 4,800 | 5,000 | ||||
| Goats | 3,500 | 3,590 | 3,050 | 3,800 | 3,500 | ||||
| Camels | 38,000 | 42,550 | 36,400 | 35,000 | 35,000 | ||||
Mauritania: Estimated Fish Catch, 1989–93
(in thousands of metric tons)
Mauritania: Estimated Fish Catch, 1989–93
(in thousands of metric tons)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Artisanal fishing | 14,183 | 10,427 | 12,098 | 15,441 | 17,173 | ||||
| Traditional | 7,487 | 6,187 | 6,441 | 7,013 | 7,100 | ||||
| Modern | 6,696 | 4,240 | 5,657 | 8,428 | 10,073 | ||||
| Industrial fishing | 489,239 | 436,405 | 473,284 | 440,349 | 462,651 | ||||
| Demersal (deep—sea) fish | 50,191 | 43,036 | 42,973 | 49,804 | 49,869 | ||||
| Pelagic (surface) fish | 411,340 | 365,766 | 396,834 | 367,871 | 379,824 | ||||
| Other | 27,708 | 27,603 | 33,477 | 22,674 | 32,958 | ||||
| Total | 503,422 | 446,832 | 485,382 | 455,790 | 479,824 | ||||
| Of which: Estimated undeclared catch | 19,400 | 16,100 | 18,500 | 9,900 | 14,800 | ||||
Mauritania: Estimated Fish Catch, 1989–93
(in thousands of metric tons)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Artisanal fishing | 14,183 | 10,427 | 12,098 | 15,441 | 17,173 | ||||
| Traditional | 7,487 | 6,187 | 6,441 | 7,013 | 7,100 | ||||
| Modern | 6,696 | 4,240 | 5,657 | 8,428 | 10,073 | ||||
| Industrial fishing | 489,239 | 436,405 | 473,284 | 440,349 | 462,651 | ||||
| Demersal (deep—sea) fish | 50,191 | 43,036 | 42,973 | 49,804 | 49,869 | ||||
| Pelagic (surface) fish | 411,340 | 365,766 | 396,834 | 367,871 | 379,824 | ||||
| Other | 27,708 | 27,603 | 33,477 | 22,674 | 32,958 | ||||
| Total | 503,422 | 446,832 | 485,382 | 455,790 | 479,824 | ||||
| Of which: Estimated undeclared catch | 19,400 | 16,100 | 18,500 | 9,900 | 14,800 | ||||
Mauritania: Composition of Fish Exports, 1989–93
Mauritania: Composition of Fish Exports, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of metric tons) | |||||||||
| Volume | |||||||||
| Pelagic | 241.2 | 212.4 | 205.2 | 209.2 | 214.2 | ||||
| Deep—sea | 12.3 | 8.1 | 7.7 | 8.1 | 6.3 | ||||
| Cephalopod | 40.3 | 28.6 | 37.3 | 47.0 | 54.8 | ||||
| Fish meal | 24.8 | 23.7 | 22.9 | 23.6 | 29.7 | ||||
| Other | 3.8 | 10.2 | 4.5 | 2.7 | 3.5 | ||||
| Total | 322.4 | 283.0 | 277.6 | 290.6 | 308.5 | ||||
| (In millions of ouguiyas) | |||||||||
| Value | |||||||||
| Pelagic | 6,166.2 | 5,455.2 | 5,543.4 | 5,877.8 | 8,024.0 | ||||
| Deep—sea | 1,325.4 | 953.4 | 970.3 | 918.5 | 1,762.0 | ||||
| Cephalopod | 12,579.0 | 8,671.3 | 11,248.1 | 11,331.6 | 16,224.2 | ||||
| Fish meal | 818.5 | 764.8 | 738.9 | 800.9 | 1,201.6 | ||||
| Other | 79.6 | 1,252.1 | 425.7 | 185.4 | 400.7 | ||||
| Total | 20,968.7 | 17,096.8 | 18,926.4 | 19,1142 | 27,612.5 | ||||
Mauritania: Composition of Fish Exports, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of metric tons) | |||||||||
| Volume | |||||||||
| Pelagic | 241.2 | 212.4 | 205.2 | 209.2 | 214.2 | ||||
| Deep—sea | 12.3 | 8.1 | 7.7 | 8.1 | 6.3 | ||||
| Cephalopod | 40.3 | 28.6 | 37.3 | 47.0 | 54.8 | ||||
| Fish meal | 24.8 | 23.7 | 22.9 | 23.6 | 29.7 | ||||
| Other | 3.8 | 10.2 | 4.5 | 2.7 | 3.5 | ||||
| Total | 322.4 | 283.0 | 277.6 | 290.6 | 308.5 | ||||
| (In millions of ouguiyas) | |||||||||
| Value | |||||||||
| Pelagic | 6,166.2 | 5,455.2 | 5,543.4 | 5,877.8 | 8,024.0 | ||||
| Deep—sea | 1,325.4 | 953.4 | 970.3 | 918.5 | 1,762.0 | ||||
| Cephalopod | 12,579.0 | 8,671.3 | 11,248.1 | 11,331.6 | 16,224.2 | ||||
| Fish meal | 818.5 | 764.8 | 738.9 | 800.9 | 1,201.6 | ||||
| Other | 79.6 | 1,252.1 | 425.7 | 185.4 | 400.7 | ||||
| Total | 20,968.7 | 17,096.8 | 18,926.4 | 19,1142 | 27,612.5 | ||||
Mauritania: Fishing Vessels by Nationality and Category, 1989–93
Mauritania: Fishing Vessels by Nationality and Category, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Deep—sea fishing | 158 | 164 | 133 | 175 | 202 | ||||
| Mauritanian | 156 | 155 | 119 | 145 | 142 | ||||
| Foreign | 2 | 9 | 14 | 30 | 60 | ||||
| Pelagic fishing | 45 | 53 | 44 | 65 | 36 | ||||
| Mauritanian | 3 | 4 | — | 2 | 3 | ||||
| Foreign | 42 | 49 | 44 | 63 | 33 | ||||
| Other fishing | 133 | 123 | 101 | 98 | 159 | ||||
| Mauritanian | 1 | 4 | — | 4 | 4 | ||||
| Foreign | 132 | 119 | 101 | 94 | 155 | ||||
| Total | 336 | 340 | 278 | 338 | 397 | ||||
| Mauritanian | 160 | 163 | 119 | 151 | 149 | ||||
| Foreign | 176 | 177 | 159 | 187 | 248 | ||||
Mauritania: Fishing Vessels by Nationality and Category, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Deep—sea fishing | 158 | 164 | 133 | 175 | 202 | ||||
| Mauritanian | 156 | 155 | 119 | 145 | 142 | ||||
| Foreign | 2 | 9 | 14 | 30 | 60 | ||||
| Pelagic fishing | 45 | 53 | 44 | 65 | 36 | ||||
| Mauritanian | 3 | 4 | — | 2 | 3 | ||||
| Foreign | 42 | 49 | 44 | 63 | 33 | ||||
| Other fishing | 133 | 123 | 101 | 98 | 159 | ||||
| Mauritanian | 1 | 4 | — | 4 | 4 | ||||
| Foreign | 132 | 119 | 101 | 94 | 155 | ||||
| Total | 336 | 340 | 278 | 338 | 397 | ||||
| Mauritanian | 160 | 163 | 119 | 151 | 149 | ||||
| Foreign | 176 | 177 | 159 | 187 | 248 | ||||
Mauritania: Iron Ore - Production, Exports, and Stocks, 1989–94
(In thousands of metric tons)
For 1990–92 includes internal use.
Mauritania: Iron Ore - Production, Exports, and Stocks, 1989–94
(In thousands of metric tons)
| Jan.–Aug. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | |||||
| Production | 12,114 | 11,520 | 10,264 | 8,262 | 9,196 | 7,495 | ||||
| Exoorts 1/ | 11,138 | 11,360 | 10,469 | 8,010 | 9,737 | 6,823 | ||||
| Change in stocks | 976 | 160 | ‒205 | 252 | ‒541 | 672 | ||||
| Stocks (end of period) | 1,241 | 1,401 | 1,196 | 1,448 | 907 | 1,579 | ||||
For 1990–92 includes internal use.
Mauritania: Iron Ore - Production, Exports, and Stocks, 1989–94
(In thousands of metric tons)
| Jan.–Aug. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | |||||
| Production | 12,114 | 11,520 | 10,264 | 8,262 | 9,196 | 7,495 | ||||
| Exoorts 1/ | 11,138 | 11,360 | 10,469 | 8,010 | 9,737 | 6,823 | ||||
| Change in stocks | 976 | 160 | ‒205 | 252 | ‒541 | 672 | ||||
| Stocks (end of period) | 1,241 | 1,401 | 1,196 | 1,448 | 907 | 1,579 | ||||
For 1990–92 includes internal use.
Mauritania: SMCPP – Operating Revenues and Expenditures, 1989–93
(in millions of ouguiyas)
Includes net reductions in stocks.
Mauritania: SMCPP – Operating Revenues and Expenditures, 1989–93
(in millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 4,530 | 4,199 | 5,360 | 4,766 | 4,998 | ||||
| Sales | 4,440 | 4,172 | 5,251 | 4,701 | 4,974 | ||||
| Other revenues | 90 | 27 | 109 | 65 | 24 | ||||
| Expenses | 4,586 | 3,890 | 4,987 | 4,642 | 4,848 | ||||
| Cost of petroleum 1/ | 2,623 | 2,224 | 2,923 | 2,065 | 2,433 | ||||
| Personnel | 108 | 102 | 98 | 103 | 114 | ||||
| Financial expenses | 48 | 10 | 71 | 119 | 92 | ||||
| Amortization and equipment | 89 | 135 | 47 | 98 | 113 | ||||
| Other | 1,718 | 1,419 | 1,848 | 2,257 | 2,096 | ||||
| Operating income before tax | ‒56 | 309 | 373 | 124 | 150 | ||||
| Taxes | 181 | 191 | 320 | 199 | 228 | ||||
| Net operating income after taxes | ‒237 | 118 | 53 | ‒75 | ‒78 | ||||
Includes net reductions in stocks.
Mauritania: SMCPP – Operating Revenues and Expenditures, 1989–93
(in millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total revenues | 4,530 | 4,199 | 5,360 | 4,766 | 4,998 | ||||
| Sales | 4,440 | 4,172 | 5,251 | 4,701 | 4,974 | ||||
| Other revenues | 90 | 27 | 109 | 65 | 24 | ||||
| Expenses | 4,586 | 3,890 | 4,987 | 4,642 | 4,848 | ||||
| Cost of petroleum 1/ | 2,623 | 2,224 | 2,923 | 2,065 | 2,433 | ||||
| Personnel | 108 | 102 | 98 | 103 | 114 | ||||
| Financial expenses | 48 | 10 | 71 | 119 | 92 | ||||
| Amortization and equipment | 89 | 135 | 47 | 98 | 113 | ||||
| Other | 1,718 | 1,419 | 1,848 | 2,257 | 2,096 | ||||
| Operating income before tax | ‒56 | 309 | 373 | 124 | 150 | ||||
| Taxes | 181 | 191 | 320 | 199 | 228 | ||||
| Net operating income after taxes | ‒237 | 118 | 53 | ‒75 | ‒78 | ||||
Includes net reductions in stocks.
Mauritania: Consumption of Petroleum Products, 1989–93
(In thousands of metric tons)
Mauritania: Consumption of Petroleum Products, 1989–93
(In thousands of metric tons)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Ordinary gasoline | 28.2 | 31.6 | 28.5 | 33.2 | 36.5 | ||||
| Super gasoline | 4.1 | 2.9 | 1.7 | 1.3 | 0.9 | ||||
| Fuel oil | 38.6 | 54.9 | 52.8 | 53.0 | 56.5 | ||||
| Kerosene | 16.5 | 16.1 | 11.5 | 10.5 | 11.2 | ||||
| Lighting oil | 2.5 | 2.4 | 2.4 | 3.9 | 2.3 | ||||
| Gas oil | 186.5 | 165.8 | 152.2 | 147.0 | 164.2 | ||||
| Fishing fleet | 91.3 | 76.5 | 66.8 | 59.7 | 63.0 | ||||
| Transportation | 23.5 | 27.3 | 25.4 | 29.1 | 21.7 | ||||
| SONELEC | 11.8 | 3.4 | 4.7 | 6.7 | 6.5 | ||||
| SNIM | 55.2 | 51.0 | 45.7 | 40.7 | 46.2 | ||||
| Other | 4.7 | 7.7 | 6.8 | 7.7 | 7.3 | ||||
| Butane | 7.7 | 9.0 | 9.7 | 10.9 | 12.5 | ||||
Mauritania: Consumption of Petroleum Products, 1989–93
(In thousands of metric tons)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Ordinary gasoline | 28.2 | 31.6 | 28.5 | 33.2 | 36.5 | ||||
| Super gasoline | 4.1 | 2.9 | 1.7 | 1.3 | 0.9 | ||||
| Fuel oil | 38.6 | 54.9 | 52.8 | 53.0 | 56.5 | ||||
| Kerosene | 16.5 | 16.1 | 11.5 | 10.5 | 11.2 | ||||
| Lighting oil | 2.5 | 2.4 | 2.4 | 3.9 | 2.3 | ||||
| Gas oil | 186.5 | 165.8 | 152.2 | 147.0 | 164.2 | ||||
| Fishing fleet | 91.3 | 76.5 | 66.8 | 59.7 | 63.0 | ||||
| Transportation | 23.5 | 27.3 | 25.4 | 29.1 | 21.7 | ||||
| SONELEC | 11.8 | 3.4 | 4.7 | 6.7 | 6.5 | ||||
| SNIM | 55.2 | 51.0 | 45.7 | 40.7 | 46.2 | ||||
| Other | 4.7 | 7.7 | 6.8 | 7.7 | 7.3 | ||||
| Butane | 7.7 | 9.0 | 9.7 | 10.9 | 12.5 | ||||
Mauritania: Net Production of Electricity and Water, 1989–93
Excluding electricity produced by autonomous producers, mainly SNIM.
Mauritania: Net Production of Electricity and Water, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of kilowatt hours) | |||||||||
| Electricity 1/ | 105,115 | 111,164 | 130,300 | 139,887 | 148,059 | ||||
| Nouakchott | 68,073 | 71,279 | 69,228 | 76,606 | 83,899 | ||||
| Nouadhibou | 29,823 | 33,439 | 53,177 | 54,443 | 57,256 | ||||
| Other | 7,219 | 6,446 | 7,895 | 8,838 | 6,904 | ||||
| (In megawatts) | |||||||||
| Guaranteed capacity installed | 39 | 52 | 52 | 53 | 53 | ||||
| (in thousands of cubic meters) | |||||||||
| Water | 11,699 | 12,220 | 12,627 | 14,414 | 14,856 | ||||
| Nouakchott | 8,474 | 8,842 | 9,292 | 10,870 | 11,431 | ||||
| Nouadhibou | 2,021 | 2,215 | 2,143 | 2,242 | 2,214 | ||||
| Other | 1,204 | 1,163 | 1,192 | 1,302 | 1,211 | ||||
Excluding electricity produced by autonomous producers, mainly SNIM.
Mauritania: Net Production of Electricity and Water, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of kilowatt hours) | |||||||||
| Electricity 1/ | 105,115 | 111,164 | 130,300 | 139,887 | 148,059 | ||||
| Nouakchott | 68,073 | 71,279 | 69,228 | 76,606 | 83,899 | ||||
| Nouadhibou | 29,823 | 33,439 | 53,177 | 54,443 | 57,256 | ||||
| Other | 7,219 | 6,446 | 7,895 | 8,838 | 6,904 | ||||
| (In megawatts) | |||||||||
| Guaranteed capacity installed | 39 | 52 | 52 | 53 | 53 | ||||
| (in thousands of cubic meters) | |||||||||
| Water | 11,699 | 12,220 | 12,627 | 14,414 | 14,856 | ||||
| Nouakchott | 8,474 | 8,842 | 9,292 | 10,870 | 11,431 | ||||
| Nouadhibou | 2,021 | 2,215 | 2,143 | 2,242 | 2,214 | ||||
| Other | 1,204 | 1,163 | 1,192 | 1,302 | 1,211 | ||||
Excluding electricity produced by autonomous producers, mainly SNIM.
Mauritania: SONELEC–Operating Accounts, 1989–93
(In millions of ouguiyas)
Mauritania: SONELEC–Operating Accounts, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Operating receipts | 1,921 | 3,030 | 3,139 | 3,345 | 4,099 | ||||
| Electricity sales | 1,306 | 1,707 | 1,717 | 2,005 | 2,432 | ||||
| Water sales | 615 | 770 | 785 | 1,095 | 1,411 | ||||
| Other | — | 553 | 637 | 246 | 256 | ||||
| Operating expenses | 2,561 | 3,272 | 3,083 | 3,298 | 3,546 | ||||
| Goods and services inputs | 876 | 1,111 | 1,320 | 1,499 | 1,510 | ||||
| Personnel | 267 | 306 | 375 | 416 | 501 | ||||
| Financial expenses | 319 | 556 | 300 | 293 | 291 | ||||
| Amortization | 676 | 981 | 996 | 826 | 931 | ||||
| Taxes | 3 | 4 | 8 | 6 | 7 | ||||
| Other | 420 | 314 | 84 | 257 | 307 | ||||
| Operating profits (+)/ losses (-) | ‒640 | ‒242 | 56 | 47 | 553 | ||||
Mauritania: SONELEC–Operating Accounts, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Operating receipts | 1,921 | 3,030 | 3,139 | 3,345 | 4,099 | ||||
| Electricity sales | 1,306 | 1,707 | 1,717 | 2,005 | 2,432 | ||||
| Water sales | 615 | 770 | 785 | 1,095 | 1,411 | ||||
| Other | — | 553 | 637 | 246 | 256 | ||||
| Operating expenses | 2,561 | 3,272 | 3,083 | 3,298 | 3,546 | ||||
| Goods and services inputs | 876 | 1,111 | 1,320 | 1,499 | 1,510 | ||||
| Personnel | 267 | 306 | 375 | 416 | 501 | ||||
| Financial expenses | 319 | 556 | 300 | 293 | 291 | ||||
| Amortization | 676 | 981 | 996 | 826 | 931 | ||||
| Taxes | 3 | 4 | 8 | 6 | 7 | ||||
| Other | 420 | 314 | 84 | 257 | 307 | ||||
| Operating profits (+)/ losses (-) | ‒640 | ‒242 | 56 | 47 | 553 | ||||
Mauritania: Public Utility Rates, 1989–94
Mauritania: Public Utility Rates, 1989–94
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Ouguiyas per kilowatt hour) | ||||||||||||
| Electricity | ||||||||||||
| Medium voltage (industry) | ||||||||||||
| One hook-up | 10.9 | 10.9 | 10.9 | 13.9 | 16.4 | 16.4 | ||||||
| Two hook-ups | 6.4 | 6.4 | 6.4 | 8.5 | 10.1 | 10.1 | ||||||
| Low voltage | ||||||||||||
| Domestic | 15.2 | 15.2 | 15.2 | 19.4 | 23.0 | 23.0 | ||||||
| Public lighting | 17.4 | 17.4 | 17.4 | 22.1 | 26.2 | 26.2 | ||||||
| Other | 16.7 | 16.7 | 16.7 | 21.3 | 25.2 | 25.2 | ||||||
| (Ouguiyas per cubic meter) | ||||||||||||
| Water | ||||||||||||
| Private | ||||||||||||
| Tranche 1 | 48.0 | 48.0 | 48.0 | 61.5 | 72.7 | 72.7 | ||||||
| Tranche 2 | 95.0 | 95.0 | 95.0 | 121.8 | 144.0 | 144.0 | ||||||
| Tranche 3 | 120.0 | 120.0 | 120.0 | 153.1 | 181.1 | 181.1 | ||||||
| Industry and Government | 100.0 | 100.0 | 100.0 | 127.6 | 150.9 | 150.9 | ||||||
| Public fountains | 38.0 | 38.0 | 38.0 | 61.5 | 72.7 | 72.7 | ||||||
Mauritania: Public Utility Rates, 1989–94
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Ouguiyas per kilowatt hour) | ||||||||||||
| Electricity | ||||||||||||
| Medium voltage (industry) | ||||||||||||
| One hook-up | 10.9 | 10.9 | 10.9 | 13.9 | 16.4 | 16.4 | ||||||
| Two hook-ups | 6.4 | 6.4 | 6.4 | 8.5 | 10.1 | 10.1 | ||||||
| Low voltage | ||||||||||||
| Domestic | 15.2 | 15.2 | 15.2 | 19.4 | 23.0 | 23.0 | ||||||
| Public lighting | 17.4 | 17.4 | 17.4 | 22.1 | 26.2 | 26.2 | ||||||
| Other | 16.7 | 16.7 | 16.7 | 21.3 | 25.2 | 25.2 | ||||||
| (Ouguiyas per cubic meter) | ||||||||||||
| Water | ||||||||||||
| Private | ||||||||||||
| Tranche 1 | 48.0 | 48.0 | 48.0 | 61.5 | 72.7 | 72.7 | ||||||
| Tranche 2 | 95.0 | 95.0 | 95.0 | 121.8 | 144.0 | 144.0 | ||||||
| Tranche 3 | 120.0 | 120.0 | 120.0 | 153.1 | 181.1 | 181.1 | ||||||
| Industry and Government | 100.0 | 100.0 | 100.0 | 127.6 | 150.9 | 150.9 | ||||||
| Public fountains | 38.0 | 38.0 | 38.0 | 61.5 | 72.7 | 72.7 | ||||||
Mauritania: SNIM – Operating Accounts, 1989–93
(In millions of ouguiyas)
Mauritania: SNIM – Operating Accounts, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 18,072 | 19,593 | 19,857 | 19,068 | 23,039 | ||||
| Sales (in millions of metric tons) | 11.1 | 11.4 | 10.5 | 8.0 | 9.7 | ||||
| Total expenses | 17,763 | 17,850 | 17,630 | 18,972 | 22,017 | ||||
| Cost of goods sold | 6,823 | 7,777 | 7,598 | 6,744 | 9,890 | ||||
| Personnel expenses | 3,021 | 3,187 | 3,087 | 3,078 | 3,172 | ||||
| Financial expenses | 3,793 | 3,682 | 3,497 | 4,585 | 4,514 | ||||
| Depreciation and other provisioning | 3,780 | 3,084 | 3,229 | 4,429 | 4,263 | ||||
| Taxes | 62 | 67 | 64 | 70 | 77 | ||||
| Other expenses | 284 | 53 | 155 | 66 | 102 | ||||
| Operating profits (+)/losses (-) | 309 | 1,743 | 2,227 | 96 | 1,022 | ||||
Mauritania: SNIM – Operating Accounts, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 18,072 | 19,593 | 19,857 | 19,068 | 23,039 | ||||
| Sales (in millions of metric tons) | 11.1 | 11.4 | 10.5 | 8.0 | 9.7 | ||||
| Total expenses | 17,763 | 17,850 | 17,630 | 18,972 | 22,017 | ||||
| Cost of goods sold | 6,823 | 7,777 | 7,598 | 6,744 | 9,890 | ||||
| Personnel expenses | 3,021 | 3,187 | 3,087 | 3,078 | 3,172 | ||||
| Financial expenses | 3,793 | 3,682 | 3,497 | 4,585 | 4,514 | ||||
| Depreciation and other provisioning | 3,780 | 3,084 | 3,229 | 4,429 | 4,263 | ||||
| Taxes | 62 | 67 | 64 | 70 | 77 | ||||
| Other expenses | 284 | 53 | 155 | 66 | 102 | ||||
| Operating profits (+)/losses (-) | 309 | 1,743 | 2,227 | 96 | 1,022 | ||||
Mauritania: SNIM – Balance Sheet, 1989–93
(In millions of ouguiyas; end of period)
The figure for 1993 is equivalent to the operating profit reported in Table 21 (UM 1,022) less the special transfer to the Government (UM 600 million).
Mauritania: SNIM – Balance Sheet, 1989–93
(In millions of ouguiyas; end of period)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Assets | 49,280 | 51,065 | 52,715 | 68,593 | 74,369 | ||||
| Cash in banks | 384 | 1,019 | 2,595 | 1,597 | 4,889 | ||||
| Receivables | 2,770 | 4,183 | 4,002 | 6,843 | 4,873 | ||||
| Inventories | 5,089 | 7,212 | 6,667 | 8,099 | 6,746 | ||||
| Fixed assets | 17,566 | 17,602 | 19,914 | 26,172 | 30,247 | ||||
| Fixed capital formation expenses | 15,349 | 12,540 | 11,769 | 10,741 | 11,398 | ||||
| Uncalled capital | — | 1,800 | 1,800 | — | — | ||||
| Other | 8,705 | 6,709 | 5,968 | 15,141 | 16,216 | ||||
| Liabilities | 49,280 | 51,065 | 52,715 | 68,593 | 74,369 | ||||
| Current liabilities, of which: | 7,247 | 6,844 | 5,615 | 7,843 | 5,814 | ||||
| Government | 648 | 341 | 16 | 112 | 58 | ||||
| Banks | 1,016 | 152 | 26 | — | — | ||||
| Long—term debt | 27,052 | 23,342 | 22,841 | 33,313 | 38,810 | ||||
| Equity | 14,606 | 19,100 | 19,457 | 21,682 | 21,778 | ||||
| Losses (—) or profits 1/ | 309 | 1,743 | 2,227 | 96 | 422 | ||||
| Other | 66 | 36 | 2,575 | 5,659 | 7,545 | ||||
The figure for 1993 is equivalent to the operating profit reported in Table 21 (UM 1,022) less the special transfer to the Government (UM 600 million).
Mauritania: SNIM – Balance Sheet, 1989–93
(In millions of ouguiyas; end of period)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Assets | 49,280 | 51,065 | 52,715 | 68,593 | 74,369 | ||||
| Cash in banks | 384 | 1,019 | 2,595 | 1,597 | 4,889 | ||||
| Receivables | 2,770 | 4,183 | 4,002 | 6,843 | 4,873 | ||||
| Inventories | 5,089 | 7,212 | 6,667 | 8,099 | 6,746 | ||||
| Fixed assets | 17,566 | 17,602 | 19,914 | 26,172 | 30,247 | ||||
| Fixed capital formation expenses | 15,349 | 12,540 | 11,769 | 10,741 | 11,398 | ||||
| Uncalled capital | — | 1,800 | 1,800 | — | — | ||||
| Other | 8,705 | 6,709 | 5,968 | 15,141 | 16,216 | ||||
| Liabilities | 49,280 | 51,065 | 52,715 | 68,593 | 74,369 | ||||
| Current liabilities, of which: | 7,247 | 6,844 | 5,615 | 7,843 | 5,814 | ||||
| Government | 648 | 341 | 16 | 112 | 58 | ||||
| Banks | 1,016 | 152 | 26 | — | — | ||||
| Long—term debt | 27,052 | 23,342 | 22,841 | 33,313 | 38,810 | ||||
| Equity | 14,606 | 19,100 | 19,457 | 21,682 | 21,778 | ||||
| Losses (—) or profits 1/ | 309 | 1,743 | 2,227 | 96 | 422 | ||||
| Other | 66 | 36 | 2,575 | 5,659 | 7,545 | ||||
The figure for 1993 is equivalent to the operating profit reported in Table 21 (UM 1,022) less the special transfer to the Government (UM 600 million).
Mauritania: SNIM - Energy Consumption, 1989–93
Autogenerated.
Mauritania: SNIM - Energy Consumption, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of metric tons) | |||||||||
| Petroleum products | 86,016 | 83,287 | 74,496 | 69,220 | 77,900 | ||||
| Ordinary gasoline | 2,026 | 2,008 | 2,012 | 2,120 | 2,280 | ||||
| Gas oil | 55,208 | 52,770 | 45,700 | 40,670 | 46,160 | ||||
| Heavy fuel | 28,778 | 28,500 | 26,784 | 26,430 | 29,460 | ||||
| Butane | 4 | 9 | — | — | — | ||||
| (In thousands of kilowatt hours) | |||||||||
| Electricity 1/ | 157,962 | 129,334 | 114,095 | 136,734 | 164,593 | ||||
Autogenerated.
Mauritania: SNIM - Energy Consumption, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In thousands of metric tons) | |||||||||
| Petroleum products | 86,016 | 83,287 | 74,496 | 69,220 | 77,900 | ||||
| Ordinary gasoline | 2,026 | 2,008 | 2,012 | 2,120 | 2,280 | ||||
| Gas oil | 55,208 | 52,770 | 45,700 | 40,670 | 46,160 | ||||
| Heavy fuel | 28,778 | 28,500 | 26,784 | 26,430 | 29,460 | ||||
| Butane | 4 | 9 | — | — | — | ||||
| (In thousands of kilowatt hours) | |||||||||
| Electricity 1/ | 157,962 | 129,334 | 114,095 | 136,734 | 164,593 | ||||
Autogenerated.
Mauritania: Unit Prices of Petroleum Products, 1989–94 1/
(value in ouguiyas per liter at end of period, unless otherwise specified)
Unit prices “ex dépôt Nouakchott,” except for gas oil for fishing fleet which is the unit price “dock Nouadhibou.”
As of September 30.
Mauritania: Unit Prices of Petroleum Products, 1989–94 1/
(value in ouguiyas per liter at end of period, unless otherwise specified)
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 2/ | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary gasoline | 59.1 | 75.9 | 75.9 | 81.4 | 87.8 | 87.8 | ||||
| Super gasoline | 61.1 | 77.4 | 77.4 | 83.4 | 97.0 | 97.0 | ||||
| Lighting oil | 26.0 | 32.2 | 19.2 | 19.2 | 50.3 | 50.3 | ||||
| Gas oil | ||||||||||
| Transportation | 33.9 | 48.5 | 48.5 | 48.5 | 48.5 | 48.5 | ||||
| Fishing fleet | 21.6 | 26.2 | 19.3 | 23.8 | 25.5 | 23.8 | ||||
| Butane (bottle of 125 kg) | 650 | 650 | 650 | 740 | 740 | 740 | ||||
Unit prices “ex dépôt Nouakchott,” except for gas oil for fishing fleet which is the unit price “dock Nouadhibou.”
As of September 30.
Mauritania: Unit Prices of Petroleum Products, 1989–94 1/
(value in ouguiyas per liter at end of period, unless otherwise specified)
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 2/ | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary gasoline | 59.1 | 75.9 | 75.9 | 81.4 | 87.8 | 87.8 | ||||
| Super gasoline | 61.1 | 77.4 | 77.4 | 83.4 | 97.0 | 97.0 | ||||
| Lighting oil | 26.0 | 32.2 | 19.2 | 19.2 | 50.3 | 50.3 | ||||
| Gas oil | ||||||||||
| Transportation | 33.9 | 48.5 | 48.5 | 48.5 | 48.5 | 48.5 | ||||
| Fishing fleet | 21.6 | 26.2 | 19.3 | 23.8 | 25.5 | 23.8 | ||||
| Butane (bottle of 125 kg) | 650 | 650 | 650 | 740 | 740 | 740 | ||||
Unit prices “ex dépôt Nouakchott,” except for gas oil for fishing fleet which is the unit price “dock Nouadhibou.”
As of September 30.
Mauritania: Consumer Price Index for Nouakchott, 1989-November 1994
(July 1985 = 100)
Mauritania: Consumer Price Index for Nouakchott, 1989-November 1994
(July 1985 = 100)
| Weights (in percent) |
Food (52.0) |
Clothing (14.6) |
Lodging (25.3) |
Other (8.1) |
Overall Index (100.0) |
Percentage Change |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Annual average) | ||||||||||||
| 1989 | 147.4 | 112.3 | 125.3 | 103.7 | 133.2 | 13.0 | ||||||
| 1990 | 152.9 | 115.4 | 142.7 | 114.1 | 141.8 | 6.4 | ||||||
| 1991 | 156.9 | 119.1 | 158.7 | 129.8 | 149.7 | 5.6 | ||||||
| 1992 | 168.8 | 153.1 | 173.0 | 134.8 | 164.8 | 10.1 | ||||||
| 1993 | 185.0 | 160.2 | 193.6 | 143.9 | 180.2 | 9.3 | ||||||
| (Monthly average) | ||||||||||||
| 1992 | ||||||||||||
| January | 157.4 | 125.3 | 156.3 | 131.7 | 150.4 | ‒1.7 | ||||||
| February | 155.5 | 129.6 | 158.1 | 133.4 | 150.6 | 0.1 | ||||||
| March | 158.1 | 145.3 | 165.3 | 134.5 | 156.2 | 3.7 | ||||||
| April | 156.8 | 151.1 | 169.4 | 136.3 | 157.5 | 0.8 | ||||||
| May | 162.1 | 154.2 | 189.1 | 130.8 | 165.2 | 4.9 | ||||||
| June | 162.3 | 158.6 | 165.2 | 132.9 | 160.1 | ‒3.1 | ||||||
| July | 169.4 | 154.4 | 161.5 | 130.5 | 162.1 | 1.2 | ||||||
| August | 174.9 | 154.8 | 161.8 | 131.2 | 165.1 | 1.8 | ||||||
| September | 174.1 | 153.7 | 165.5 | 134.0 | 165.8 | 0.4 | ||||||
| October | 186.6 | 178.7 | 192.2 | 139.4 | 183.0 | 10.4 | ||||||
| November | 186.7 | 165.6 | 195.3 | 141.8 | 182.1 | ‒0.5 | ||||||
| December | 182.3 | 166.1 | 195.3 | 140.4 | 179.8 | ‒1.3 | ||||||
| 1993 | ||||||||||||
| January | 180.7 | 165.6 | 197.7 | 139.5 | 179.5 | ‒0.2 | ||||||
| February | 176.5 | 164.2 | 194.8 | 138.3 | 176.4 | ‒1.7 | ||||||
| March | 173.2 | 165.2 | 194.7 | 141.1 | 174.5 | ‒0.5 | ||||||
| April | 176.6 | 167.1 | 195.9 | 143.0 | 177.4 | 1.4 | ||||||
| May | 177.9 | 160.3 | 188.2 | 144.5 | 175.2 | ‒1.2 | ||||||
| June | 182.9 | 158.1 | 191.6 | 143.8 | 178.3 | 1.8 | ||||||
| July | 190.6 | 155.9 | 193.4 | 146.0 | 182.6 | 2.4 | ||||||
| August | 196.6 | 156.5 | 193.0 | 145.4 | 185.7 | 1.7 | ||||||
| September | 193.8 | 160.1 | 194.4 | 145.3 | 185.1 | ‒03 | ||||||
| October | 189.9 | 157.6 | 193.2 | 147.2 | 182.6 | ‒1.4 | ||||||
| November | 190.5 | 158.9 | 192.5 | 145.8 | 182.8 | 0.1 | ||||||
| December | 190.8 | 152.5 | 194.0 | 147.0 | 182.5 | ‒0.2 | ||||||
| 1994 | ||||||||||||
| January | 190.5 | 157.1 | 197.7 | 146.4 | 183.5 | 0.8 | ||||||
| February | 185.2 | 156.1 | 196.7 | 143.8 | 180.5 | ‒1.8 | ||||||
| March | 182.3 | 158.0 | 196.3 | 146.7 | 179.4 | ‒0.6 | ||||||
| April | 184.0 | 172.5 | 205.3 | 146.2 | 184.7 | 2.9 | ||||||
| May | 186.6 | 173.1 | 198.9 | 146.6 | 184.5 | ‒0.1 | ||||||
| June | 189.8 | 176.2 | 213.7 | 143.2 | 190.1 | 3.0 | ||||||
| July | 193.4 | 175.2 | 208.9 | 146.8 | 190.9 | 0.4 | ||||||
| August | 197.0 | 179.3 | 204.0 | 143.2 | 191.8 | 0.5 | ||||||
| September | 195.3 | 171.5 | 206.1 | 145.2 | 190.5 | ‒0.7 | ||||||
| October | 198.7 | 179.4 | 209.1 | 144.6 | 194.1 | 1.9 | ||||||
| November | 201.4 | 169.2 | 208.3 | 144.2 | 193.8 | ‒0.2 | ||||||
Mauritania: Consumer Price Index for Nouakchott, 1989-November 1994
(July 1985 = 100)
| Weights (in percent) |
Food (52.0) |
Clothing (14.6) |
Lodging (25.3) |
Other (8.1) |
Overall Index (100.0) |
Percentage Change |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Annual average) | ||||||||||||
| 1989 | 147.4 | 112.3 | 125.3 | 103.7 | 133.2 | 13.0 | ||||||
| 1990 | 152.9 | 115.4 | 142.7 | 114.1 | 141.8 | 6.4 | ||||||
| 1991 | 156.9 | 119.1 | 158.7 | 129.8 | 149.7 | 5.6 | ||||||
| 1992 | 168.8 | 153.1 | 173.0 | 134.8 | 164.8 | 10.1 | ||||||
| 1993 | 185.0 | 160.2 | 193.6 | 143.9 | 180.2 | 9.3 | ||||||
| (Monthly average) | ||||||||||||
| 1992 | ||||||||||||
| January | 157.4 | 125.3 | 156.3 | 131.7 | 150.4 | ‒1.7 | ||||||
| February | 155.5 | 129.6 | 158.1 | 133.4 | 150.6 | 0.1 | ||||||
| March | 158.1 | 145.3 | 165.3 | 134.5 | 156.2 | 3.7 | ||||||
| April | 156.8 | 151.1 | 169.4 | 136.3 | 157.5 | 0.8 | ||||||
| May | 162.1 | 154.2 | 189.1 | 130.8 | 165.2 | 4.9 | ||||||
| June | 162.3 | 158.6 | 165.2 | 132.9 | 160.1 | ‒3.1 | ||||||
| July | 169.4 | 154.4 | 161.5 | 130.5 | 162.1 | 1.2 | ||||||
| August | 174.9 | 154.8 | 161.8 | 131.2 | 165.1 | 1.8 | ||||||
| September | 174.1 | 153.7 | 165.5 | 134.0 | 165.8 | 0.4 | ||||||
| October | 186.6 | 178.7 | 192.2 | 139.4 | 183.0 | 10.4 | ||||||
| November | 186.7 | 165.6 | 195.3 | 141.8 | 182.1 | ‒0.5 | ||||||
| December | 182.3 | 166.1 | 195.3 | 140.4 | 179.8 | ‒1.3 | ||||||
| 1993 | ||||||||||||
| January | 180.7 | 165.6 | 197.7 | 139.5 | 179.5 | ‒0.2 | ||||||
| February | 176.5 | 164.2 | 194.8 | 138.3 | 176.4 | ‒1.7 | ||||||
| March | 173.2 | 165.2 | 194.7 | 141.1 | 174.5 | ‒0.5 | ||||||
| April | 176.6 | 167.1 | 195.9 | 143.0 | 177.4 | 1.4 | ||||||
| May | 177.9 | 160.3 | 188.2 | 144.5 | 175.2 | ‒1.2 | ||||||
| June | 182.9 | 158.1 | 191.6 | 143.8 | 178.3 | 1.8 | ||||||
| July | 190.6 | 155.9 | 193.4 | 146.0 | 182.6 | 2.4 | ||||||
| August | 196.6 | 156.5 | 193.0 | 145.4 | 185.7 | 1.7 | ||||||
| September | 193.8 | 160.1 | 194.4 | 145.3 | 185.1 | ‒03 | ||||||
| October | 189.9 | 157.6 | 193.2 | 147.2 | 182.6 | ‒1.4 | ||||||
| November | 190.5 | 158.9 | 192.5 | 145.8 | 182.8 | 0.1 | ||||||
| December | 190.8 | 152.5 | 194.0 | 147.0 | 182.5 | ‒0.2 | ||||||
| 1994 | ||||||||||||
| January | 190.5 | 157.1 | 197.7 | 146.4 | 183.5 | 0.8 | ||||||
| February | 185.2 | 156.1 | 196.7 | 143.8 | 180.5 | ‒1.8 | ||||||
| March | 182.3 | 158.0 | 196.3 | 146.7 | 179.4 | ‒0.6 | ||||||
| April | 184.0 | 172.5 | 205.3 | 146.2 | 184.7 | 2.9 | ||||||
| May | 186.6 | 173.1 | 198.9 | 146.6 | 184.5 | ‒0.1 | ||||||
| June | 189.8 | 176.2 | 213.7 | 143.2 | 190.1 | 3.0 | ||||||
| July | 193.4 | 175.2 | 208.9 | 146.8 | 190.9 | 0.4 | ||||||
| August | 197.0 | 179.3 | 204.0 | 143.2 | 191.8 | 0.5 | ||||||
| September | 195.3 | 171.5 | 206.1 | 145.2 | 190.5 | ‒0.7 | ||||||
| October | 198.7 | 179.4 | 209.1 | 144.6 | 194.1 | 1.9 | ||||||
| November | 201.4 | 169.2 | 208.3 | 144.2 | 193.8 | ‒0.2 | ||||||
Mauritania: Evolution of Minimum Wages and Salaries, 1989–93
(In ouguiyas)
Guaranteed minimum industrial wage.
Guaranteed minimum agricultural wage.
Mauritania: Evolution of Minimum Wages and Salaries, 1989–93
(In ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Private sector (hourly wages) |
||||||||||
| SMIG 1/ | 24.46 | 24.46 | 24.46 | 33.46 | 42.83 | |||||
| SMAG 2/ | 24.46 | 24.46 | 24.46 | 33.46 | 42.83 | |||||
| Public sector (civil servants’ monthly salary) |
||||||||||
| Category A | 14,217 | 14,217 | 14,217 | 15,717 | 17,217 | |||||
| Category B | 10,244 | 10,244 | 10,244 | 11,744 | 13,244 | |||||
| Category C | 7,899 | 7,899 | 7,899 | 9,399 | 10,899 | |||||
| Category D | 4,802 | 4,802 | 4,802 | 6,302 | 7,802 | |||||
| Category E (teachers) | 14,201 | 14,201 | 14,201 | 15,701 | 17,201 | |||||
Guaranteed minimum industrial wage.
Guaranteed minimum agricultural wage.
Mauritania: Evolution of Minimum Wages and Salaries, 1989–93
(In ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Private sector (hourly wages) |
||||||||||
| SMIG 1/ | 24.46 | 24.46 | 24.46 | 33.46 | 42.83 | |||||
| SMAG 2/ | 24.46 | 24.46 | 24.46 | 33.46 | 42.83 | |||||
| Public sector (civil servants’ monthly salary) |
||||||||||
| Category A | 14,217 | 14,217 | 14,217 | 15,717 | 17,217 | |||||
| Category B | 10,244 | 10,244 | 10,244 | 11,744 | 13,244 | |||||
| Category C | 7,899 | 7,899 | 7,899 | 9,399 | 10,899 | |||||
| Category D | 4,802 | 4,802 | 4,802 | 6,302 | 7,802 | |||||
| Category E (teachers) | 14,201 | 14,201 | 14,201 | 15,701 | 17,201 | |||||
Guaranteed minimum industrial wage.
Guaranteed minimum agricultural wage.
Mauritania: Civil Service Size and Recruitment, 1989–93 1/
Number of civil servants at the end of each period are adjusted for changes in the number and responsibilities of each ministry.
Data for 1991 and 1992 represent the results of the latest Civil Service Census.
Following the dismantling of the National Committee in 1992, its employees were transferred to the Secretariat for Women’s Affairs.
Including the redeployment of personnel from the Ministry of Commerce to the Ministries of Finance and Interior.
Mauritania: Civil Service Size and Recruitment, 1989–93 1/
| Ministry and Department | Civil Service at end-1989 | Recruitment 1990 | Departures 1990 | Civil Service at end-1990 | Civil Service at end-1991 2/ | Recruitment 1992 | Departures 1992 | Civil Service at end-1991 2/ 3/ | Recruitment 1993 4/ | Departures 1993 | Civil Service at end-1993 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Presidency | 196 | 3 | 11 | 188 | 253 | — | 6 | 247 | 2 | 9 | 240 | ||||
| National Committee | 129 | — | 2 | 127 | 50 | — | — | — | — | — | — | ||||
| General Secretariat of the Government | 76 | — | 2 | 74 | 120 | — | 3 | 117 | 1 | 3 | 115 | ||||
| Ministry of Interior, Post, and Telecommunications | 5,147 | 1 | 212 | 4,936 | 2,709 | — | 90 | 2,619 | 38 | 25 | 2,632 | ||||
| Ministry of Justice | 722 | — | 23 | 699 | 983 | — | 27 | 956 | 2 | 13 | 945 | ||||
| Ministry of Planning | 138 | 7 | 2 | 143 | 144 | 5 | — | 149 | 5 | 2 | 152 | ||||
| Ministry of Finance | 1,651 | 11 | 27 | 1,635 | 1,441 | 8 | 82 | 1,367 | 25 | 53 | 1,337 | ||||
| Ministry of Commerce, Artisanal Works, and Tourism | 230 | 3 | 2 | 231 | 209 | — | 2 | 207 | ‒47 | 1 | 159 | ||||
| Ministry of Fishing and Sea Economy | 113 | 4 | — | 117 | 123 | — | 1 | 122 | 4 | 2 | — | ||||
| Ministry of Equipment and Transport | 219 | — | 15 | 204 | 205 | — | 8 | 197 | 1 | 17 | 181 | ||||
| Ministry of Rural Development and Environment | 760 | 9 | 59 | 710 | 843 | —- | 30 | 813 | 12 | 37 | 788 | ||||
| Ministry of Water and Energy | 59 | — | — | 59 | 73 | — | 1 | 72 | 2 | — | 74 | ||||
| Ministry of Culture and Islamic Affairs | 89 | 3 | 3 | 89 | 117 | — | 6 | 111 | — | 3 | 108 | ||||
| Ministry of Education | 7,356 | 444 | 121 | 7,679 | 8,157 | 610 | 238 | 8,529 | 498 | 164 | 8,863 | ||||
| Ministry of Health and and Social Affairs | 2,860 | 69 | 100 | 2,829 | 2,798 | 149 | 86 | 2,861 | 323 | 85 | 3,099 | ||||
| Ministry of Foreign Affairs and Cooperation | 102 | 1 | 2 | 101 | 119 | — | 9 | 110 | 2 | 5 | 107 | ||||
| Ministry of Information | 59 | 1 | 4 | 56 | 87 | — | 2 | 85 | 1 | 2 | 84 | ||||
| Ministry of Mines and Industry | 59 | 4 | 2 | 61 | 75 | — | 3 | 72 | — | 2 | 70 | ||||
| Ministry of Civil Service, Labor, Youth, and Sports | 454 | 16 | 18 | 452 | 432 | 12 | 12 | 432 | 12 | 14 | 430 | ||||
| State Audit | 45 | 1 | — | 46 | 80 | — | 1 | 79 | 2 | 2 | 79 | ||||
| Secretariat for Women’s Affairs | 44 | 30 | — | 74 | 71 | 6 | — | 127 | — | 2 | 125 | ||||
| Secretariat for Maghreb Affairs | 4 | 1 | — | 5 | 17 | — | — | 17 | — | 17 | |||||
| Secretariat for Literacy | 147 | — | 3 | 144 | 197 | — | 7 | 190 | — | 1 | 189 | ||||
| Total | 20,659 | 608 | 608 | 20,659 | 19,303 | 790 | 614 | 19,479 | 881 | 442 | 19,918 | ||||
Number of civil servants at the end of each period are adjusted for changes in the number and responsibilities of each ministry.
Data for 1991 and 1992 represent the results of the latest Civil Service Census.
Following the dismantling of the National Committee in 1992, its employees were transferred to the Secretariat for Women’s Affairs.
Including the redeployment of personnel from the Ministry of Commerce to the Ministries of Finance and Interior.
Mauritania: Civil Service Size and Recruitment, 1989–93 1/
| Ministry and Department | Civil Service at end-1989 | Recruitment 1990 | Departures 1990 | Civil Service at end-1990 | Civil Service at end-1991 2/ | Recruitment 1992 | Departures 1992 | Civil Service at end-1991 2/ 3/ | Recruitment 1993 4/ | Departures 1993 | Civil Service at end-1993 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Presidency | 196 | 3 | 11 | 188 | 253 | — | 6 | 247 | 2 | 9 | 240 | ||||
| National Committee | 129 | — | 2 | 127 | 50 | — | — | — | — | — | — | ||||
| General Secretariat of the Government | 76 | — | 2 | 74 | 120 | — | 3 | 117 | 1 | 3 | 115 | ||||
| Ministry of Interior, Post, and Telecommunications | 5,147 | 1 | 212 | 4,936 | 2,709 | — | 90 | 2,619 | 38 | 25 | 2,632 | ||||
| Ministry of Justice | 722 | — | 23 | 699 | 983 | — | 27 | 956 | 2 | 13 | 945 | ||||
| Ministry of Planning | 138 | 7 | 2 | 143 | 144 | 5 | — | 149 | 5 | 2 | 152 | ||||
| Ministry of Finance | 1,651 | 11 | 27 | 1,635 | 1,441 | 8 | 82 | 1,367 | 25 | 53 | 1,337 | ||||
| Ministry of Commerce, Artisanal Works, and Tourism | 230 | 3 | 2 | 231 | 209 | — | 2 | 207 | ‒47 | 1 | 159 | ||||
| Ministry of Fishing and Sea Economy | 113 | 4 | — | 117 | 123 | — | 1 | 122 | 4 | 2 | — | ||||
| Ministry of Equipment and Transport | 219 | — | 15 | 204 | 205 | — | 8 | 197 | 1 | 17 | 181 | ||||
| Ministry of Rural Development and Environment | 760 | 9 | 59 | 710 | 843 | —- | 30 | 813 | 12 | 37 | 788 | ||||
| Ministry of Water and Energy | 59 | — | — | 59 | 73 | — | 1 | 72 | 2 | — | 74 | ||||
| Ministry of Culture and Islamic Affairs | 89 | 3 | 3 | 89 | 117 | — | 6 | 111 | — | 3 | 108 | ||||
| Ministry of Education | 7,356 | 444 | 121 | 7,679 | 8,157 | 610 | 238 | 8,529 | 498 | 164 | 8,863 | ||||
| Ministry of Health and and Social Affairs | 2,860 | 69 | 100 | 2,829 | 2,798 | 149 | 86 | 2,861 | 323 | 85 | 3,099 | ||||
| Ministry of Foreign Affairs and Cooperation | 102 | 1 | 2 | 101 | 119 | — | 9 | 110 | 2 | 5 | 107 | ||||
| Ministry of Information | 59 | 1 | 4 | 56 | 87 | — | 2 | 85 | 1 | 2 | 84 | ||||
| Ministry of Mines and Industry | 59 | 4 | 2 | 61 | 75 | — | 3 | 72 | — | 2 | 70 | ||||
| Ministry of Civil Service, Labor, Youth, and Sports | 454 | 16 | 18 | 452 | 432 | 12 | 12 | 432 | 12 | 14 | 430 | ||||
| State Audit | 45 | 1 | — | 46 | 80 | — | 1 | 79 | 2 | 2 | 79 | ||||
| Secretariat for Women’s Affairs | 44 | 30 | — | 74 | 71 | 6 | — | 127 | — | 2 | 125 | ||||
| Secretariat for Maghreb Affairs | 4 | 1 | — | 5 | 17 | — | — | 17 | — | 17 | |||||
| Secretariat for Literacy | 147 | — | 3 | 144 | 197 | — | 7 | 190 | — | 1 | 189 | ||||
| Total | 20,659 | 608 | 608 | 20,659 | 19,303 | 790 | 614 | 19,479 | 881 | 442 | 19,918 | ||||
Number of civil servants at the end of each period are adjusted for changes in the number and responsibilities of each ministry.
Data for 1991 and 1992 represent the results of the latest Civil Service Census.
Following the dismantling of the National Committee in 1992, its employees were transferred to the Secretariat for Women’s Affairs.
Including the redeployment of personnel from the Ministry of Commerce to the Ministries of Finance and Interior.
Mauritania: Public Investment and its Financing, 1989–93
(in millions of ouguiyas)
Excluding investments under the responsibility of the Senegal Valley Authority (OMVS).
Excluding SNIM.
These amounts are not fully comparable to those shown in Table 4 owing to coverage (for early years) and timing differences.
Mauritania: Public Investment and its Financing, 1989–93
(in millions of ouguiyas)
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| Total investment 1/ | 8,796 | 8,487 | 10,261 | 14,041 | 14,317 | ||||
| Rural development | 2,866 | 1,840 | 2,307 | 2,920 | 3,687 | ||||
| Industry 2/ | 526 | 919 | 655 | 1,395 | 1,915 | ||||
| SNIM | 2,722 | 2,517 | 3,721 | 6,436 | 5,176 | ||||
| Infrastructure | 1,569 | 2,132 | 2,524 | 1,598 | 1,870 | ||||
| Other | 1,113 | 1,079 | 1,054 | 1,692 | 1,669 | ||||
| Total investment 1/ | 8,796 | 8,487 | 10,261 | 14,041 | 14,317 | ||||
| Government 3/ | 5,443 | 4,815 | 4,614 | 5,937 | 7,670 | ||||
| Parastatals | 631 | 1,155 | 1,926 | 1,668 | 1,471 | ||||
| SNIM | 2,722 | 2,517 | 3,721 | 6,436 | 5,176 | ||||
| Financing | 8,796 | 8,487 | 10,261 | 14,041 | 14,317 | ||||
| Government 3/ | 5,443 | 4,815 | 4,614 | 5,937 | 7,670 | ||||
| Domestic resources | 1,082 | 1,109 | 1,288 | 1,294 | 2,296 | ||||
| Grants | 1,865 | 1,797 | 1,106 | 1,304 | 3,019 | ||||
| Loans | 2,496 | 1,909 | 2,220 | 3,339 | 2,356 | ||||
| Parastatak | 631 | 1,155 | 1,926 | 1,668 | 1471 | ||||
| Domestic resources | 106 | 95 | 348 | 569 | 644 | ||||
| Grants | 357 | 539 | 686 | 394 | 41 | ||||
| Loans | 168 | 521 | 892 | 705 | 785 | ||||
| SNIM | 2,722 | 2,517 | 3,721 | 6,436 | 5,176 | ||||
| Savings | 106 | 102 | 175 | 191 | 1,792 | ||||
| Grants | 0 | 0 | 0 | 1,306 | 1413 | ||||
| Loans | 2,616 | 2,415 | 3,546 | 4,939 | 1,971 | ||||
| Memorandum items: | |||||||||
| External financing | 7,502 | 7,181 | 8,450 | 11,987 | 9,585 | ||||
| Grants | 2,222 | 2,336 | 1,792 | 3,004 | 4,473 | ||||
| Loans | 5,280 | 4,845 | 6,658 | 8,983 | 5,113 | ||||
Excluding investments under the responsibility of the Senegal Valley Authority (OMVS).
Excluding SNIM.
These amounts are not fully comparable to those shown in Table 4 owing to coverage (for early years) and timing differences.
Mauritania: Public Investment and its Financing, 1989–93
(in millions of ouguiyas)
| Prov. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| Total investment 1/ | 8,796 | 8,487 | 10,261 | 14,041 | 14,317 | ||||
| Rural development | 2,866 | 1,840 | 2,307 | 2,920 | 3,687 | ||||
| Industry 2/ | 526 | 919 | 655 | 1,395 | 1,915 | ||||
| SNIM | 2,722 | 2,517 | 3,721 | 6,436 | 5,176 | ||||
| Infrastructure | 1,569 | 2,132 | 2,524 | 1,598 | 1,870 | ||||
| Other | 1,113 | 1,079 | 1,054 | 1,692 | 1,669 | ||||
| Total investment 1/ | 8,796 | 8,487 | 10,261 | 14,041 | 14,317 | ||||
| Government 3/ | 5,443 | 4,815 | 4,614 | 5,937 | 7,670 | ||||
| Parastatals | 631 | 1,155 | 1,926 | 1,668 | 1,471 | ||||
| SNIM | 2,722 | 2,517 | 3,721 | 6,436 | 5,176 | ||||
| Financing | 8,796 | 8,487 | 10,261 | 14,041 | 14,317 | ||||
| Government 3/ | 5,443 | 4,815 | 4,614 | 5,937 | 7,670 | ||||
| Domestic resources | 1,082 | 1,109 | 1,288 | 1,294 | 2,296 | ||||
| Grants | 1,865 | 1,797 | 1,106 | 1,304 | 3,019 | ||||
| Loans | 2,496 | 1,909 | 2,220 | 3,339 | 2,356 | ||||
| Parastatak | 631 | 1,155 | 1,926 | 1,668 | 1471 | ||||
| Domestic resources | 106 | 95 | 348 | 569 | 644 | ||||
| Grants | 357 | 539 | 686 | 394 | 41 | ||||
| Loans | 168 | 521 | 892 | 705 | 785 | ||||
| SNIM | 2,722 | 2,517 | 3,721 | 6,436 | 5,176 | ||||
| Savings | 106 | 102 | 175 | 191 | 1,792 | ||||
| Grants | 0 | 0 | 0 | 1,306 | 1413 | ||||
| Loans | 2,616 | 2,415 | 3,546 | 4,939 | 1,971 | ||||
| Memorandum items: | |||||||||
| External financing | 7,502 | 7,181 | 8,450 | 11,987 | 9,585 | ||||
| Grants | 2,222 | 2,336 | 1,792 | 3,004 | 4,473 | ||||
| Loans | 5,280 | 4,845 | 6,658 | 8,983 | 5,113 | ||||
Excluding investments under the responsibility of the Senegal Valley Authority (OMVS).
Excluding SNIM.
These amounts are not fully comparable to those shown in Table 4 owing to coverage (for early years) and timing differences.
Mauritaaia: Treasury Operation 1909–94 1/
Excluding foreign-financed government operations.
Drawings on budgetary loans and World Bank structural adjustment loan (including cofinancing).
Mauritaaia: Treasury Operation 1909–94 1/
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| (In millions of ouguiyas) | |||||||||||
| Revenue | 18,854 | 20,331 | 20,362 | 20,145 | 20,740 | 29,321 | 22,938 | ||||
| Budgetary revenue | 17,844 | 19,159 | 19,721 | 21,076 | 19,345 | 27,727 | 22,611 | ||||
| Special accounts | 1,010 | 1,072 | 902 | 912 | 410 | 609 | 327 | ||||
| Adjustment for uncashed checks | — | — | ‒61 | ‒1,843 | 985 | 985 | — | ||||
| Expenditure and net lending | 23,986 | 22,323 | 23,048 | 22,395 | 24,310 | 37,747 | 23,307 | ||||
| Budgetary expenditure, of which: | 16,910 | 17,981 | 19,357 | 20,794 | 17,350 | 25,353 | 18,784 | ||||
| Interest due | 2,650 | 2,132 | 2,404 | 3,144 | 2,560 | 4,371 | 2,719 | ||||
| Wages and salaries | 4,919 | 5,165 | 5,422 | 5,964 | 4,350 | 6,436 | 5,138 | ||||
| Goods and services | 3,273 | 3,970 | 4,645 | 4,369 | 3,380 | 6,320 | 4,583 | ||||
| Investment | 1,046 | 1,316 | 1,424 | 1,346 | 1,720 | 2,375 | 1,963 | ||||
| Special accounts | 847 | 879 | 648 | 813 | 270 | 432 | 229 | ||||
| Net lending | 6,229 | 3,663 | 1,253 | 1,546 | 6,360 | 10,780 | 3,276 | ||||
| Of which: restructuring | 6,180 | 3,483 | 1,176 | 1,441 | 6,210 | 10,570 | 3,106 | ||||
| Adjustment for unclassified expenditure | — | — | 1,890 | ‒758 | 430 | 1,282 | 1,218 | ||||
| Surplus or deficit (-) | ‒5,132 | ‒2,292 | ‒2,486 | ‒2,250 | ‒3,560 | ‒8,426 | ‒569 | ||||
| Financing | 5,132 | 2,392 | 2,486 | 2,250 | 3,360 | 8,246 | 569 | ||||
| External | ‒3,644 | ‒1,503 | ‒3,263 | ‒2,577 | 1,690 | ‒140 | 1,506 | ||||
| Grants | 375 | 146 | 433 | 2,003 | 2,040 | 2,585 | 904 | ||||
| Loans (net) | ‒4,019 | ‒1,649 | ‒3,696 | ‒4,380 | ‒350 | ‒2,725 | 602 | ||||
| Drawings 2/ | 1,540 | 2,452 | 1,430 | 1,401 | 5,430 | 5,320 | 4,190 | ||||
| Amortization dne | ‒5,559 | ‒4,101 | ‒5,126 | ‒5,981 | ‒5,780 | ‒8,345 | ‒3,388 | ||||
| Domestic (net) | 3,751 | 683 | 374 | ‒1,185 | ‒730 | 2,960 | ‒2,180 | ||||
| Banking system | 3,352 | 530 | 29 | ‒1,185 | ‒730 | 2,200 | ‒2,480 | ||||
| Other | 399 | 153 | 347 | — | — | 760 | 300 | ||||
| Exceptional financing | 5,025 | 3,112 | 5,375 | 6,012 | 2,600 | 5,607 | 1,242 | ||||
| Change in external arrears | ‒1,756 | 2,150 | 5,292 | 6,375 | ‒20,510 | ‒19,349 | ‒4,635 | ||||
| Principal | ‒1,554 | 1,348 | 4,327 | 5,075 | ‒16,200 | ‒15,741 | ‒3,623 | ||||
| Interest | ‒202 | 302 | 1,065 | 1,300 | ‒4,310 | ‒4,208 | ‒1,012 | ||||
| Change in domestic arrears | 420 | 869 | 83 | ‒363 | — | 280 | — | ||||
| External debt relief and other exceptional assistance | 6,361 | 93 | — | — | 23,150 | 25,276 | 5,877 | ||||
| Rescheduling | 3,460 | 93 | — | — | 23,150 | 25,276 | 5,877 | ||||
| Interest | 544 | 19 | — | — | 1,150 | 2,064 | 18 | ||||
| Principal | 1,665 | 74 | — | — | 2,720 | 3,941 | 36 | ||||
| Arrears | 1,251 | — | — | — | 19,280 | 19,306 | 5,824 | ||||
| Exceptional assistance | 2,901 | — | — | — | — | — | — | ||||
| Memorandum items: | |||||||||||
| Surplus or deficit (-), excluding restructuring operations | 1,048 | 1,191 | ‒1,310 | ‒809 | 2,650 | 2,144 | 2,537 | ||||
| Surplus or deficit (-), classifying grants as revenue: | |||||||||||
| Including restructuring operations | ‒4,757 | ‒2,146 | ‒2,053 | ‒247 | ‒1,520 | ‒5,841 | 335 | ||||
| Excluding restructuring operations | 1,423 | 1,337 | ‒877 | 1,194 | 4,690 | 4,729 | 3,441 | ||||
| (In percent of GDP) | |||||||||||
| Revenue | 23.1 | 24.6 | 22.2 | 19.4 | 18.1 | 25.6 | 18.1 | ||||
| Expenditure and net lending | 21.9 | 23.3 | 21.3 | 20.3 | 21.2 | 33.0 | 18.5 | ||||
| Surplus or deficit (-) | ‒6.3 | ‒2.8 | ‒2.7 | ‒2.2 | ‒3.1 | ‒7.4 | ‒0.4 | ||||
| Surplus or deficit (-), excluding restructuring operations | 1.3 | 1.4 | ‒1.4 | ‒0.8 | 2.3 | 1.9 | 2.0 | ||||
| Surplus or deficit (-), classifying grants as revenue: | |||||||||||
| Including restructuring operations | ‒5.8 | ‒2.6 | ‒2.2 | ‒0.2 | ‒1.3 | ‒5.1 | 0.3 | ||||
| Excluding restructuring operations | 1.8 | 1.6 | ‒0.9 | 1.2 | 4.1 | 4.1 | 2.7 | ||||
Excluding foreign-financed government operations.
Drawings on budgetary loans and World Bank structural adjustment loan (including cofinancing).
Mauritaaia: Treasury Operation 1909–94 1/
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| (In millions of ouguiyas) | |||||||||||
| Revenue | 18,854 | 20,331 | 20,362 | 20,145 | 20,740 | 29,321 | 22,938 | ||||
| Budgetary revenue | 17,844 | 19,159 | 19,721 | 21,076 | 19,345 | 27,727 | 22,611 | ||||
| Special accounts | 1,010 | 1,072 | 902 | 912 | 410 | 609 | 327 | ||||
| Adjustment for uncashed checks | — | — | ‒61 | ‒1,843 | 985 | 985 | — | ||||
| Expenditure and net lending | 23,986 | 22,323 | 23,048 | 22,395 | 24,310 | 37,747 | 23,307 | ||||
| Budgetary expenditure, of which: | 16,910 | 17,981 | 19,357 | 20,794 | 17,350 | 25,353 | 18,784 | ||||
| Interest due | 2,650 | 2,132 | 2,404 | 3,144 | 2,560 | 4,371 | 2,719 | ||||
| Wages and salaries | 4,919 | 5,165 | 5,422 | 5,964 | 4,350 | 6,436 | 5,138 | ||||
| Goods and services | 3,273 | 3,970 | 4,645 | 4,369 | 3,380 | 6,320 | 4,583 | ||||
| Investment | 1,046 | 1,316 | 1,424 | 1,346 | 1,720 | 2,375 | 1,963 | ||||
| Special accounts | 847 | 879 | 648 | 813 | 270 | 432 | 229 | ||||
| Net lending | 6,229 | 3,663 | 1,253 | 1,546 | 6,360 | 10,780 | 3,276 | ||||
| Of which: restructuring | 6,180 | 3,483 | 1,176 | 1,441 | 6,210 | 10,570 | 3,106 | ||||
| Adjustment for unclassified expenditure | — | — | 1,890 | ‒758 | 430 | 1,282 | 1,218 | ||||
| Surplus or deficit (-) | ‒5,132 | ‒2,292 | ‒2,486 | ‒2,250 | ‒3,560 | ‒8,426 | ‒569 | ||||
| Financing | 5,132 | 2,392 | 2,486 | 2,250 | 3,360 | 8,246 | 569 | ||||
| External | ‒3,644 | ‒1,503 | ‒3,263 | ‒2,577 | 1,690 | ‒140 | 1,506 | ||||
| Grants | 375 | 146 | 433 | 2,003 | 2,040 | 2,585 | 904 | ||||
| Loans (net) | ‒4,019 | ‒1,649 | ‒3,696 | ‒4,380 | ‒350 | ‒2,725 | 602 | ||||
| Drawings 2/ | 1,540 | 2,452 | 1,430 | 1,401 | 5,430 | 5,320 | 4,190 | ||||
| Amortization dne | ‒5,559 | ‒4,101 | ‒5,126 | ‒5,981 | ‒5,780 | ‒8,345 | ‒3,388 | ||||
| Domestic (net) | 3,751 | 683 | 374 | ‒1,185 | ‒730 | 2,960 | ‒2,180 | ||||
| Banking system | 3,352 | 530 | 29 | ‒1,185 | ‒730 | 2,200 | ‒2,480 | ||||
| Other | 399 | 153 | 347 | — | — | 760 | 300 | ||||
| Exceptional financing | 5,025 | 3,112 | 5,375 | 6,012 | 2,600 | 5,607 | 1,242 | ||||
| Change in external arrears | ‒1,756 | 2,150 | 5,292 | 6,375 | ‒20,510 | ‒19,349 | ‒4,635 | ||||
| Principal | ‒1,554 | 1,348 | 4,327 | 5,075 | ‒16,200 | ‒15,741 | ‒3,623 | ||||
| Interest | ‒202 | 302 | 1,065 | 1,300 | ‒4,310 | ‒4,208 | ‒1,012 | ||||
| Change in domestic arrears | 420 | 869 | 83 | ‒363 | — | 280 | — | ||||
| External debt relief and other exceptional assistance | 6,361 | 93 | — | — | 23,150 | 25,276 | 5,877 | ||||
| Rescheduling | 3,460 | 93 | — | — | 23,150 | 25,276 | 5,877 | ||||
| Interest | 544 | 19 | — | — | 1,150 | 2,064 | 18 | ||||
| Principal | 1,665 | 74 | — | — | 2,720 | 3,941 | 36 | ||||
| Arrears | 1,251 | — | — | — | 19,280 | 19,306 | 5,824 | ||||
| Exceptional assistance | 2,901 | — | — | — | — | — | — | ||||
| Memorandum items: | |||||||||||
| Surplus or deficit (-), excluding restructuring operations | 1,048 | 1,191 | ‒1,310 | ‒809 | 2,650 | 2,144 | 2,537 | ||||
| Surplus or deficit (-), classifying grants as revenue: | |||||||||||
| Including restructuring operations | ‒4,757 | ‒2,146 | ‒2,053 | ‒247 | ‒1,520 | ‒5,841 | 335 | ||||
| Excluding restructuring operations | 1,423 | 1,337 | ‒877 | 1,194 | 4,690 | 4,729 | 3,441 | ||||
| (In percent of GDP) | |||||||||||
| Revenue | 23.1 | 24.6 | 22.2 | 19.4 | 18.1 | 25.6 | 18.1 | ||||
| Expenditure and net lending | 21.9 | 23.3 | 21.3 | 20.3 | 21.2 | 33.0 | 18.5 | ||||
| Surplus or deficit (-) | ‒6.3 | ‒2.8 | ‒2.7 | ‒2.2 | ‒3.1 | ‒7.4 | ‒0.4 | ||||
| Surplus or deficit (-), excluding restructuring operations | 1.3 | 1.4 | ‒1.4 | ‒0.8 | 2.3 | 1.9 | 2.0 | ||||
| Surplus or deficit (-), classifying grants as revenue: | |||||||||||
| Including restructuring operations | ‒5.8 | ‒2.6 | ‒2.2 | ‒0.2 | ‒1.3 | ‒5.1 | 0.3 | ||||
| Excluding restructuring operations | 1.8 | 1.6 | ‒0.9 | 1.2 | 4.1 | 4.1 | 2.7 | ||||
Excluding foreign-financed government operations.
Drawings on budgetary loans and World Bank structural adjustment loan (including cofinancing).
Mauritania: Consolidated Government Financial Operations, 1989–94 1/
Including operations financed directly from abroad and not recorded in treasury accounts, operations related to the restructuring of banks and public enterprises; excluding grants received in the form of cancellation on future amortization payments, amounting to the equivalent of 16.0 percent of GDP in 1989.
On a commitment basis.
Includes program loans.
Mauritania: Consolidated Government Financial Operations, 1989–94 1/
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| (In billions of ouguiyas) | |||||||||||
| Total revalue | 18.85 | 20.23 | 20.56 | 20.15 | 20.74 | 29.32 | 22.94 | ||||
| Budgetary revenue | 17,84 | 19.16 | 19.72 | 21.08 | 19.35 | 27.73 | 22.61 | ||||
| Special accounts | 1.01 | 1.07 | 0.90 | 0.91 | 0.41 | 0.61 | 0.33 | ||||
| Adjustment for uncashed checks | — | — | ‒0.06 | ‒1.84 | 0.98 | 0.98 | — | ||||
| Expenditure and net lending 2/ | 27.49 | 26.24 | 26.78 | 25.73 | 27.39 | 41.90 | 26.74 | ||||
| Current expenditure | 16.71 | 17.47 | 26.78 | 19.49 | 16.25 | 24.53 | 18.27 | ||||
| Wages and salaries | 4.92 | 5.17 | 5.42 | 5.96 | 4.85 | 6.44 | 5.14 | ||||
| Goods and services | 3.27 | 3.97 | 4.65 | 4.87 | 3.88 | 6.02 | 4.58 | ||||
| Transfers and subsidies | 1.79 | 2.26 | 2.13 | 1.84 | 1.58 | 2.11 | 1.58 | ||||
| Military expenditure | 3.23 | 3.24 | 3.23 | 3.43 | 2.68 | 3.64 | 2.80 | ||||
| Interest on public debt | 2.65 | 2.13 | 2.40 | 3.14 | 2.56 | 4.67 | 2.72 | ||||
| Other | 0.85 | 0.71 | 2.95 | 0.24 | 0.70 | 1.71 | 1.45 | ||||
| Of which: unclassified expenditure | — | 0.21 | 2.30 | ‒0.57 | 0.43 | 1.28 | 1.22 | ||||
| Capital expenditure and net leading | 10.78 | 8.77 | 6.00 | 6.24 | 11.15 | 17.31 | 8.47 | ||||
| Fixed capital formation | 4.55 | 5.11 | 4.75 | 4.70 | 4.79 | 6.53 | 5.20 | ||||
| Budgetary | 1.05 | 1.22 | 1.42 | 1.55 | 1.72 | 2.38 | 1.96 | ||||
| Extrabudgetary | 3.50 | 3.89 | 3.33 | 3.15 | 3.06 | 4.15 | 3.23 | ||||
| Restructuring and net lending | 6.23 | 3.66 | 1.25 | 1.55 | 6.36 | 10.78 | 3.28 | ||||
| Restructuring public enterprises | 1.99 | 2.44 | 0.53 | 1.44 | 2.65 | 2.80 | 3.05 | ||||
| Restructuring commercial banks | 4.19 | 1.05 | 0.65 | — | 3.56 | 7.77 | 0.06 | ||||
| Other restructuring operations | 0.15 | 0.18 | 0.02 | ||||||||
| Other inducting net lending | 0.05 | 0.18 | 0.07 | 0.10 | — | 0.03 | 0.15 | ||||
| Overall surplus/deficit (-) | ‒8.63 | ‒6.01 | ‒6.22 | ‒5.59 | ‒6.65 | ‒12.58 | ‒3.80 | ||||
| Financing | 8.63 | 6.01 | 6.22 | 5.59 | 6.65 | 12.58 | 3.80 | ||||
| Foreign (net) | ‒0.14 | 2.42 | 0.06 | 0.57 | 4.78 | 4.00 | 4.74 | ||||
| Grants | 2.11 | 1.75 | 1.54 | 2.73 | 2.48 | 3.72 | 1.75 | ||||
| Budgetary | 0.38 | 0.15 | 0.73 | 0.45 | 2.04 | 2.58 | 0.90 | ||||
| Extra-budgetary | 1.73 | 1.60 | 1.11 | 0.73 | 0.45 | 1.14 | 0.84 | ||||
| Loans (net) | ‒2.25 | 0.67 | ‒1.48 | ‒2.16 | 2.29 | 0.29 | 2.99 | ||||
| Drawings | 3.31 | 4.77 | 3.65 | 3.82 | 8.07 | 8.53 | 6.58 | ||||
| Budgetary 3/ | 1.54 | 2.45 | 1.43 | 1.40 | 5.43 | 5.52 | 4.19 | ||||
| Projects | 1.77 | 2.32 | 2.22 | 2.42 | 2.64 | 3.01 | 2.39 | ||||
| Amortization due | ‒5.56 | ‒4.10 | ‒5.13 | ‒5.98 | ‒5.78 | ‒8.24 | ‒3.59 | ||||
| Domestic (net) | 3.75 | 0.47 | 0.79 | ‒0.99 | ‒0.73 | 2.96 | ‒2.18 | ||||
| Banking system | 3.35 | 0.32 | 0.44 | ‒0.61 | ‒0.73 | 2.20 | ‒2.48 | ||||
| Treasury bonds | 4.19 | 1.05 | 0.65 | — | 2.75 | 4.87 | — | ||||
| Treasury advances | ‒1.14 | ‒0.33 | 0.72 | 1.07 | 0.04 | 0.13 | ‒0.64 | ||||
| Other bank financing | 0.30 | ‒0.40 | ‒0.93 | ‒1.68 | ‒3.52 | ‒2.80 | ‒3.12 | ||||
| Other | 0.40 | 0.15 | 0.35 | ‒0.38 | — | 0.76 | 0.30 | ||||
| (In billions of ouguiyas) | |||||||||||
| Exceptional financing | 5.03 | 3.11 | 5.38 | 6.02 | 2.60 | 5.61 | 1.24 | ||||
| Change in external arrears | ‒1.75 | 2.15 | 5.30 | 6.38 | ‒20.51 | ‒19.95 | ‒4.64 | ||||
| Principal | ‒1.55 | 1.85 | 4.23 | 5.06 | ‒16.20 | ‒15.74 | ‒3.62 | ||||
| Interest | ‒0.20 | 0.30 | 1.07 | 1.30 | ‒4.31 | ‒4.21 | ‒1.01 | ||||
| Change in domestic arrears | 0.42 | 0.87 | 0.06 | ‒0.36 | — | 0.28 | — | ||||
| External debt relief and other exceptional nwitf finer | 6.36 | 0.09 | — | — | 23.15 | 25.28 | 5.88 | ||||
| Of which: rescheduling | 3.46 | 0.09 | — | — | 23.15 | 25.28 | 5.88 | ||||
| (In percent of GDP) | |||||||||||
| Memorandum items: | |||||||||||
| Revenue | 23.1 | 24.6 | 22.2 | 19.4 | 18.1 | 25.6 | 18.1 | ||||
| Total expenditure and net lending | 33.7 | 31.9 | 28.9 | 24.9 | 23.9 | 36.6 | 21.1 | ||||
| Overall surplus/deficit (-) | ‒10.6 | ‒7.3 | ‒6.7 | ‒5.4 | ‒5.8 | ‒11.0 | ‒3.0 | ||||
| Overall surplus/deficit (-), excluding restructuring operations | ‒3.0 | ‒3.1 | ‒5.4 | ‒4.0 | ‒0.4 | ‒1.7 | ‒0.6 | ||||
| Overall surplus/deficit (-), classifying grants as revenue: | |||||||||||
| Including restructuring operations | ‒8.0 | ‒5.2 | ‒5.0 | ‒2.8 | ‒3.3 | ‒7.7 | ‒1.6 | ||||
| Excluding restructuring operations | ‒0.4 | ‒1.0 | ‒3.8 | ‒1.4 | 2.1 | 1.5 | 0.8 | ||||
| Primary balance | ‒7.3 | ‒4.7 | ‒4.1 | ‒2.4 | ‒3.6 | ‒6.9 | ‒0.9 | ||||
Including operations financed directly from abroad and not recorded in treasury accounts, operations related to the restructuring of banks and public enterprises; excluding grants received in the form of cancellation on future amortization payments, amounting to the equivalent of 16.0 percent of GDP in 1989.
On a commitment basis.
Includes program loans.
Mauritania: Consolidated Government Financial Operations, 1989–94 1/
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| (In billions of ouguiyas) | |||||||||||
| Total revalue | 18.85 | 20.23 | 20.56 | 20.15 | 20.74 | 29.32 | 22.94 | ||||
| Budgetary revenue | 17,84 | 19.16 | 19.72 | 21.08 | 19.35 | 27.73 | 22.61 | ||||
| Special accounts | 1.01 | 1.07 | 0.90 | 0.91 | 0.41 | 0.61 | 0.33 | ||||
| Adjustment for uncashed checks | — | — | ‒0.06 | ‒1.84 | 0.98 | 0.98 | — | ||||
| Expenditure and net lending 2/ | 27.49 | 26.24 | 26.78 | 25.73 | 27.39 | 41.90 | 26.74 | ||||
| Current expenditure | 16.71 | 17.47 | 26.78 | 19.49 | 16.25 | 24.53 | 18.27 | ||||
| Wages and salaries | 4.92 | 5.17 | 5.42 | 5.96 | 4.85 | 6.44 | 5.14 | ||||
| Goods and services | 3.27 | 3.97 | 4.65 | 4.87 | 3.88 | 6.02 | 4.58 | ||||
| Transfers and subsidies | 1.79 | 2.26 | 2.13 | 1.84 | 1.58 | 2.11 | 1.58 | ||||
| Military expenditure | 3.23 | 3.24 | 3.23 | 3.43 | 2.68 | 3.64 | 2.80 | ||||
| Interest on public debt | 2.65 | 2.13 | 2.40 | 3.14 | 2.56 | 4.67 | 2.72 | ||||
| Other | 0.85 | 0.71 | 2.95 | 0.24 | 0.70 | 1.71 | 1.45 | ||||
| Of which: unclassified expenditure | — | 0.21 | 2.30 | ‒0.57 | 0.43 | 1.28 | 1.22 | ||||
| Capital expenditure and net leading | 10.78 | 8.77 | 6.00 | 6.24 | 11.15 | 17.31 | 8.47 | ||||
| Fixed capital formation | 4.55 | 5.11 | 4.75 | 4.70 | 4.79 | 6.53 | 5.20 | ||||
| Budgetary | 1.05 | 1.22 | 1.42 | 1.55 | 1.72 | 2.38 | 1.96 | ||||
| Extrabudgetary | 3.50 | 3.89 | 3.33 | 3.15 | 3.06 | 4.15 | 3.23 | ||||
| Restructuring and net lending | 6.23 | 3.66 | 1.25 | 1.55 | 6.36 | 10.78 | 3.28 | ||||
| Restructuring public enterprises | 1.99 | 2.44 | 0.53 | 1.44 | 2.65 | 2.80 | 3.05 | ||||
| Restructuring commercial banks | 4.19 | 1.05 | 0.65 | — | 3.56 | 7.77 | 0.06 | ||||
| Other restructuring operations | 0.15 | 0.18 | 0.02 | ||||||||
| Other inducting net lending | 0.05 | 0.18 | 0.07 | 0.10 | — | 0.03 | 0.15 | ||||
| Overall surplus/deficit (-) | ‒8.63 | ‒6.01 | ‒6.22 | ‒5.59 | ‒6.65 | ‒12.58 | ‒3.80 | ||||
| Financing | 8.63 | 6.01 | 6.22 | 5.59 | 6.65 | 12.58 | 3.80 | ||||
| Foreign (net) | ‒0.14 | 2.42 | 0.06 | 0.57 | 4.78 | 4.00 | 4.74 | ||||
| Grants | 2.11 | 1.75 | 1.54 | 2.73 | 2.48 | 3.72 | 1.75 | ||||
| Budgetary | 0.38 | 0.15 | 0.73 | 0.45 | 2.04 | 2.58 | 0.90 | ||||
| Extra-budgetary | 1.73 | 1.60 | 1.11 | 0.73 | 0.45 | 1.14 | 0.84 | ||||
| Loans (net) | ‒2.25 | 0.67 | ‒1.48 | ‒2.16 | 2.29 | 0.29 | 2.99 | ||||
| Drawings | 3.31 | 4.77 | 3.65 | 3.82 | 8.07 | 8.53 | 6.58 | ||||
| Budgetary 3/ | 1.54 | 2.45 | 1.43 | 1.40 | 5.43 | 5.52 | 4.19 | ||||
| Projects | 1.77 | 2.32 | 2.22 | 2.42 | 2.64 | 3.01 | 2.39 | ||||
| Amortization due | ‒5.56 | ‒4.10 | ‒5.13 | ‒5.98 | ‒5.78 | ‒8.24 | ‒3.59 | ||||
| Domestic (net) | 3.75 | 0.47 | 0.79 | ‒0.99 | ‒0.73 | 2.96 | ‒2.18 | ||||
| Banking system | 3.35 | 0.32 | 0.44 | ‒0.61 | ‒0.73 | 2.20 | ‒2.48 | ||||
| Treasury bonds | 4.19 | 1.05 | 0.65 | — | 2.75 | 4.87 | — | ||||
| Treasury advances | ‒1.14 | ‒0.33 | 0.72 | 1.07 | 0.04 | 0.13 | ‒0.64 | ||||
| Other bank financing | 0.30 | ‒0.40 | ‒0.93 | ‒1.68 | ‒3.52 | ‒2.80 | ‒3.12 | ||||
| Other | 0.40 | 0.15 | 0.35 | ‒0.38 | — | 0.76 | 0.30 | ||||
| (In billions of ouguiyas) | |||||||||||
| Exceptional financing | 5.03 | 3.11 | 5.38 | 6.02 | 2.60 | 5.61 | 1.24 | ||||
| Change in external arrears | ‒1.75 | 2.15 | 5.30 | 6.38 | ‒20.51 | ‒19.95 | ‒4.64 | ||||
| Principal | ‒1.55 | 1.85 | 4.23 | 5.06 | ‒16.20 | ‒15.74 | ‒3.62 | ||||
| Interest | ‒0.20 | 0.30 | 1.07 | 1.30 | ‒4.31 | ‒4.21 | ‒1.01 | ||||
| Change in domestic arrears | 0.42 | 0.87 | 0.06 | ‒0.36 | — | 0.28 | — | ||||
| External debt relief and other exceptional nwitf finer | 6.36 | 0.09 | — | — | 23.15 | 25.28 | 5.88 | ||||
| Of which: rescheduling | 3.46 | 0.09 | — | — | 23.15 | 25.28 | 5.88 | ||||
| (In percent of GDP) | |||||||||||
| Memorandum items: | |||||||||||
| Revenue | 23.1 | 24.6 | 22.2 | 19.4 | 18.1 | 25.6 | 18.1 | ||||
| Total expenditure and net lending | 33.7 | 31.9 | 28.9 | 24.9 | 23.9 | 36.6 | 21.1 | ||||
| Overall surplus/deficit (-) | ‒10.6 | ‒7.3 | ‒6.7 | ‒5.4 | ‒5.8 | ‒11.0 | ‒3.0 | ||||
| Overall surplus/deficit (-), excluding restructuring operations | ‒3.0 | ‒3.1 | ‒5.4 | ‒4.0 | ‒0.4 | ‒1.7 | ‒0.6 | ||||
| Overall surplus/deficit (-), classifying grants as revenue: | |||||||||||
| Including restructuring operations | ‒8.0 | ‒5.2 | ‒5.0 | ‒2.8 | ‒3.3 | ‒7.7 | ‒1.6 | ||||
| Excluding restructuring operations | ‒0.4 | ‒1.0 | ‒3.8 | ‒1.4 | 2.1 | 1.5 | 0.8 | ||||
| Primary balance | ‒7.3 | ‒4.7 | ‒4.1 | ‒2.4 | ‒3.6 | ‒6.9 | ‒0.9 | ||||
Including operations financed directly from abroad and not recorded in treasury accounts, operations related to the restructuring of banks and public enterprises; excluding grants received in the form of cancellation on future amortization payments, amounting to the equivalent of 16.0 percent of GDP in 1989.
On a commitment basis.
Includes program loans.
Mauritania: Structure of Budgetary Revenue, 1989–94 1/
(in millions of ouguiyas)
Owing to rounding, totals may not add to sum of components.
For 1991,1992, and 1993 these totals do not agree with those shown in Tables 29 and 30 because the latter have been adjusted to exclude uncashed checks.
Mauritania: Structure of Budgetary Revenue, 1989–94 1/
(in millions of ouguiyas)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Tax revenue 2/ | 14,298 | 15,052 | 15,333 | 17,064 | 16,026 | 21,571 | 17,753 | ||||
| Tax on income and profits | 5,544 | 5,538 | 5,256 | 5,949 | 5,423 | 7,387 | 5,843 | ||||
| Tax on business profits | 2,477 | 2,605 | 2,400 | 2,831 | 2,731 | 3,680 | 2,901 | ||||
| Tax on wages and salaries | 2,754 | 2,689 | 2,652 | 2,863 | 2,458 | 3,370 | 2,681 | ||||
| General income tax | 154 | 158 | 93 | 124 | 128 | 196 | 162 | ||||
| Other | 159 | 86 | 111 | 131 | 106 | 141 | 99 | ||||
| Employers’ payroll tax | 26 | 32 | 22 | 31 | 37 | 40 | 32 | ||||
| Taxes on property | 151 | 187 | 199 | 172 | 172 | 250 | 187 | ||||
| Taxes on goods and services | 2,627 | 3,368 | 2,931 | 2,915 | 2,585 | 3,457 | 3,723 | ||||
| Turnover taxes | 673 | 763 | 773 | 749 | 823 | 1,162 | 800 | ||||
| Tax on petroleum products | 1,084 | 1,167 | 1,122 | 1,256 | 1,017 | 138 | 2,192 | ||||
| Other excises | 766 | 1,327 | 919 | 801 | 636 | 879 | 587 | ||||
| Other | 104 | 111 | 117 | 109 | 109 | 118 | 144 | ||||
| Taxes on international trade | 5,916 | 5,812 | 6,789 | 7,906 | 7,714 | 10,437 | 7,817 | ||||
| Import taxes | 3,549 | 4,079 | 4,927 | 5,639 | 5,311 | 7,150 | 5,945 | ||||
| Export tax on fish | 2,367 | 1,733 | 1,862 | 2,267 | 2,403 | 3,147 | 1,872 | ||||
| Other taxes and duties | 34 | 115 | 136 | 91 | 95 | 140 | 151 | ||||
| Nontax revenue | 2,970 | 3,656 | 3,988 | 3,806 | 2,726 | 5,407 | 4,211 | ||||
| Fishing royalties and penalties | 1,246 | 1,752 | 1,078 | 1,163 | 329 | 1,821 | 1,688 | ||||
| Other nontax revenue | 1,724 | 1,904 | 2,910 | 2,643 | 2,397 | 3,386 | 2,523 | ||||
| Revenue from public enterprises | 671 | 358 | 264 | 480 | 376 | 1,166 | 406 | ||||
| Other | 1,053 | 1,546 | 2,646 | 2,163 | 2,021 | 2,420 | 2,117 | ||||
| Revenue from capital | 566 | 451 | 400 | 206 | 592 | 749 | 647 | ||||
| Total budgetary revenue | 17,834 | 19,159 | 19,721 | 21,076 | 19,345 | 27,727 | 22,611 | ||||
| Special accounts | 1,010 | 1,072 | 902 | 912 | 410 | 609 | 327 | ||||
| Total revenue 2/ | 18,844 | 20,231 | 20,623 | 21,988 | 19,755 | 28,336 | 22,938 | ||||
Owing to rounding, totals may not add to sum of components.
Mauritania: Structure of Budgetary Revenue, 1989–94 1/
(in millions of ouguiyas)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Tax revenue 2/ | 14,298 | 15,052 | 15,333 | 17,064 | 16,026 | 21,571 | 17,753 | ||||
| Tax on income and profits | 5,544 | 5,538 | 5,256 | 5,949 | 5,423 | 7,387 | 5,843 | ||||
| Tax on business profits | 2,477 | 2,605 | 2,400 | 2,831 | 2,731 | 3,680 | 2,901 | ||||
| Tax on wages and salaries | 2,754 | 2,689 | 2,652 | 2,863 | 2,458 | 3,370 | 2,681 | ||||
| General income tax | 154 | 158 | 93 | 124 | 128 | 196 | 162 | ||||
| Other | 159 | 86 | 111 | 131 | 106 | 141 | 99 | ||||
| Employers’ payroll tax | 26 | 32 | 22 | 31 | 37 | 40 | 32 | ||||
| Taxes on property | 151 | 187 | 199 | 172 | 172 | 250 | 187 | ||||
| Taxes on goods and services | 2,627 | 3,368 | 2,931 | 2,915 | 2,585 | 3,457 | 3,723 | ||||
| Turnover taxes | 673 | 763 | 773 | 749 | 823 | 1,162 | 800 | ||||
| Tax on petroleum products | 1,084 | 1,167 | 1,122 | 1,256 | 1,017 | 138 | 2,192 | ||||
| Other excises | 766 | 1,327 | 919 | 801 | 636 | 879 | 587 | ||||
| Other | 104 | 111 | 117 | 109 | 109 | 118 | 144 | ||||
| Taxes on international trade | 5,916 | 5,812 | 6,789 | 7,906 | 7,714 | 10,437 | 7,817 | ||||
| Import taxes | 3,549 | 4,079 | 4,927 | 5,639 | 5,311 | 7,150 | 5,945 | ||||
| Export tax on fish | 2,367 | 1,733 | 1,862 | 2,267 | 2,403 | 3,147 | 1,872 | ||||
| Other taxes and duties | 34 | 115 | 136 | 91 | 95 | 140 | 151 | ||||
| Nontax revenue | 2,970 | 3,656 | 3,988 | 3,806 | 2,726 | 5,407 | 4,211 | ||||
| Fishing royalties and penalties | 1,246 | 1,752 | 1,078 | 1,163 | 329 | 1,821 | 1,688 | ||||
| Other nontax revenue | 1,724 | 1,904 | 2,910 | 2,643 | 2,397 | 3,386 | 2,523 | ||||
| Revenue from public enterprises | 671 | 358 | 264 | 480 | 376 | 1,166 | 406 | ||||
| Other | 1,053 | 1,546 | 2,646 | 2,163 | 2,021 | 2,420 | 2,117 | ||||
| Revenue from capital | 566 | 451 | 400 | 206 | 592 | 749 | 647 | ||||
| Total budgetary revenue | 17,834 | 19,159 | 19,721 | 21,076 | 19,345 | 27,727 | 22,611 | ||||
| Special accounts | 1,010 | 1,072 | 902 | 912 | 410 | 609 | 327 | ||||
| Total revenue 2/ | 18,844 | 20,231 | 20,623 | 21,988 | 19,755 | 28,336 | 22,938 | ||||
Owing to rounding, totals may not add to sum of components.
Mauritania: Structureof Budgetary Revenue, 1989–94 1/
(In percent of total)
Owing to rounding, totals may not add to sum of components.
Mauritania: Structureof Budgetary Revenue, 1989–94 1/
(In percent of total)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Tax revenue | 80.2 | 78.6 | 77.7 | 81.0 | 82.8 | 77.8 | 78.5 | ||||
| Tax on income and profits | 31.1 | 28.9 | 26.7 | 28.2 | 28.0 | 26.6 | 25.8 | ||||
| Tax on business profits | 13.9 | 13.6 | 12.2 | 13.4 | 14.1 | 13.3 | 12.8 | ||||
| Tax on wages and salaries | 15.4 | 14.0 | 13.4 | 13.6 | 12.7 | 12.2 | 11.9 | ||||
| General income tax | 0.9 | 0.8 | 0.5 | 0.6 | 0.7 | 0.7 | 0.7 | ||||
| Other | 0.9 | 0.4 | 0.6 | 0.6 | 0.5 | 0.5 | 0.4 | ||||
| Employers’ payroll tax | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | ||||
| Taxes on property | 0.8 | 1.0 | 1.0 | 0.8 | 0.9 | 0.9 | 0.8 | ||||
| Taxes on goods and services | 14.7 | 17.6 | 14.9 | 13.8 | 13.4 | 12.5 | 16.5 | ||||
| Turnover taxes | 3.8 | 4.0 | 3.9 | 3.6 | 4.3 | 4.2 | 3.5 | ||||
| Tax on petroleum products | 6.1 | 6.1 | 5.7 | 6.0 | 5.3 | 4.7 | 9.7 | ||||
| Other excises | 4.3 | 6.9 | 4.7 | 3.8 | 3.3 | 3.2 | 2.6 | ||||
| Other | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.4 | 0.6 | ||||
| Taxes on international trade | 33.2 | 30.3 | 34.4 | 37.5 | 39.9 | 37.6 | 34.6 | ||||
| Import taxes | 19.9 | 21.3 | 25.0 | 26.8 | 27.5 | 25.8 | 26.3 | ||||
| Export tax on fish | 13.3 | 9.0 | 9.4 | 10.8 | 12.4 | 11.3 | 8.3 | ||||
| Other taxes and duties | 0.2 | 0.6 | 0.7 | 0.4 | 0.5 | 0.5 | 0.7 | ||||
| Nontax revenue | 16.7 | 19.1 | 20.2 | 18.1 | 14.1 | 19.5 | 18.6 | ||||
| Fishing royalties and penalties | 7.0 | 9.1 | 5.5 | 5.5 | 1.7 | 6.6 | 7.5 | ||||
| Other nontax revenue | 9.7 | 9.9 | 14.8 | 12.5 | 12.4 | 12.9 | 11.2 | ||||
| Revenue from public enterprises | 3.8 | 1.9 | 1.3 | 2.3 | 1.9 | 4.2 | 1.8 | ||||
| Other | 5.9 | 8.1 | 13.4 | 10.3 | 10.4 | 8.7 | 9.4 | ||||
| Revenue from capital | 3.2 | 2.4 | 2.0 | 1.0 | 3.1 | 2.7 | 2.9 | ||||
| Total budgetary revenue | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Owing to rounding, totals may not add to sum of components.
Mauritania: Structureof Budgetary Revenue, 1989–94 1/
(In percent of total)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Tax revenue | 80.2 | 78.6 | 77.7 | 81.0 | 82.8 | 77.8 | 78.5 | ||||
| Tax on income and profits | 31.1 | 28.9 | 26.7 | 28.2 | 28.0 | 26.6 | 25.8 | ||||
| Tax on business profits | 13.9 | 13.6 | 12.2 | 13.4 | 14.1 | 13.3 | 12.8 | ||||
| Tax on wages and salaries | 15.4 | 14.0 | 13.4 | 13.6 | 12.7 | 12.2 | 11.9 | ||||
| General income tax | 0.9 | 0.8 | 0.5 | 0.6 | 0.7 | 0.7 | 0.7 | ||||
| Other | 0.9 | 0.4 | 0.6 | 0.6 | 0.5 | 0.5 | 0.4 | ||||
| Employers’ payroll tax | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | ||||
| Taxes on property | 0.8 | 1.0 | 1.0 | 0.8 | 0.9 | 0.9 | 0.8 | ||||
| Taxes on goods and services | 14.7 | 17.6 | 14.9 | 13.8 | 13.4 | 12.5 | 16.5 | ||||
| Turnover taxes | 3.8 | 4.0 | 3.9 | 3.6 | 4.3 | 4.2 | 3.5 | ||||
| Tax on petroleum products | 6.1 | 6.1 | 5.7 | 6.0 | 5.3 | 4.7 | 9.7 | ||||
| Other excises | 4.3 | 6.9 | 4.7 | 3.8 | 3.3 | 3.2 | 2.6 | ||||
| Other | 0.6 | 0.6 | 0.6 | 0.5 | 0.6 | 0.4 | 0.6 | ||||
| Taxes on international trade | 33.2 | 30.3 | 34.4 | 37.5 | 39.9 | 37.6 | 34.6 | ||||
| Import taxes | 19.9 | 21.3 | 25.0 | 26.8 | 27.5 | 25.8 | 26.3 | ||||
| Export tax on fish | 13.3 | 9.0 | 9.4 | 10.8 | 12.4 | 11.3 | 8.3 | ||||
| Other taxes and duties | 0.2 | 0.6 | 0.7 | 0.4 | 0.5 | 0.5 | 0.7 | ||||
| Nontax revenue | 16.7 | 19.1 | 20.2 | 18.1 | 14.1 | 19.5 | 18.6 | ||||
| Fishing royalties and penalties | 7.0 | 9.1 | 5.5 | 5.5 | 1.7 | 6.6 | 7.5 | ||||
| Other nontax revenue | 9.7 | 9.9 | 14.8 | 12.5 | 12.4 | 12.9 | 11.2 | ||||
| Revenue from public enterprises | 3.8 | 1.9 | 1.3 | 2.3 | 1.9 | 4.2 | 1.8 | ||||
| Other | 5.9 | 8.1 | 13.4 | 10.3 | 10.4 | 8.7 | 9.4 | ||||
| Revenue from capital | 3.2 | 2.4 | 2.0 | 1.0 | 3.1 | 2.7 | 2.9 | ||||
| Total budgetary revenue | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Owing to rounding, totals may not add to sum of components.
Mauritania: Treasury Expenditure, 1969–94
(In millions of ouguiyas)
Including arrears unrecorded at the Treasury level.
Interest due.
Excluding foreign-financed investment expenditure.
Excluding extrabudgetary outlays related to restructuring operations.
Mauritania: Treasury Expenditure, 1969–94
(In millions of ouguiyas)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Budgetary expenditure 1/ | 16,910 | 17,981 | 19,257 | 20,794 | 17,250 | 25,253 | 18,784 | ||||
| Operating expenditure | 15,864 | 16,765 | 17,833 | 19,248 | 15,530 | 22,868 | 16,821 | ||||
| Wages and salaries | 4,919 | 5,165 | 5,422 | 5,964 | 4,850 | 6,436 | 5,138 | ||||
| Goods and services 2/ | 3,273 | 3,970 | 4,645 | 4,869 | 3,880 | 6,020 | 4,583 | ||||
| Subsidies and transfers 2/ | 1,793 | 2,259 | 2,130 | 1,844 | 1,580 | 2,105 | 1,581 | ||||
| Interest on public debt 3/ | 2,650 | 2,132 | 2,404 | 3,144 | 2,560 | 4,671 | 2,719 | ||||
| Military expenditures | 3,229 | 3,239 | 3,232 | 3,427 | 2,680 | 3,636 | 2,800 | ||||
| Investment expenditure 4/ | 1,046 | 1,216 | 1,424 | 1,546 | 1,720 | 2,375 | 1,963 | ||||
| Special accounts | 847 | 879 | 648 | 813 | 270 | 432 | 229 | ||||
| Net lending 5/ | 49 | 180 | 77 | 105 | — | 30 | 150 | ||||
| Total expenditure and net lending 1/ | 17,806 | 19,040 | 19,982 | 21,712 | 17,520 | 25,715 | 19,163 | ||||
Including arrears unrecorded at the Treasury level.
Interest due.
Excluding foreign-financed investment expenditure.
Excluding extrabudgetary outlays related to restructuring operations.
Mauritania: Treasury Expenditure, 1969–94
(In millions of ouguiyas)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Budgetary expenditure 1/ | 16,910 | 17,981 | 19,257 | 20,794 | 17,250 | 25,253 | 18,784 | ||||
| Operating expenditure | 15,864 | 16,765 | 17,833 | 19,248 | 15,530 | 22,868 | 16,821 | ||||
| Wages and salaries | 4,919 | 5,165 | 5,422 | 5,964 | 4,850 | 6,436 | 5,138 | ||||
| Goods and services 2/ | 3,273 | 3,970 | 4,645 | 4,869 | 3,880 | 6,020 | 4,583 | ||||
| Subsidies and transfers 2/ | 1,793 | 2,259 | 2,130 | 1,844 | 1,580 | 2,105 | 1,581 | ||||
| Interest on public debt 3/ | 2,650 | 2,132 | 2,404 | 3,144 | 2,560 | 4,671 | 2,719 | ||||
| Military expenditures | 3,229 | 3,239 | 3,232 | 3,427 | 2,680 | 3,636 | 2,800 | ||||
| Investment expenditure 4/ | 1,046 | 1,216 | 1,424 | 1,546 | 1,720 | 2,375 | 1,963 | ||||
| Special accounts | 847 | 879 | 648 | 813 | 270 | 432 | 229 | ||||
| Net lending 5/ | 49 | 180 | 77 | 105 | — | 30 | 150 | ||||
| Total expenditure and net lending 1/ | 17,806 | 19,040 | 19,982 | 21,712 | 17,520 | 25,715 | 19,163 | ||||
Including arrears unrecorded at the Treasury level.
Interest due.
Excluding foreign-financed investment expenditure.
Excluding extrabudgetary outlays related to restructuring operations.
Mauritania: Treasury Expenditure, 1989–94 1/
(In percent of total)
Owing to rounding, totals may not add up to sum of components.
Mauritania: Treasury Expenditure, 1989–94 1/
(In percent of total)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Budgetary expenditure | 95.0 | 94.4 | 96.4 | 95.8 | 98.5 | 98.2 | 98.0 | ||||
| Operating expenditure | 89.1 | 88.1 | 89.2 | 88.7 | 88.6 | 88.9 | 87.8 | ||||
| Wages and salaries | 27.6 | 27.1 | 27.1 | 27.5 | 27.7 | 25.0 | 26.8 | ||||
| Goods and services | 18.4 | 20.9 | 23.2 | 22.4 | 22.1 | 23.4 | 23.9 | ||||
| Subsidies and transfers | 10.1 | 11.9 | 10.7 | 8.5 | 9.0 | 8.2 | 8.3 | ||||
| Interest on public debt | 14.9 | 11.2 | 12.0 | 14.5 | 14.6 | 18.2 | 14.2 | ||||
| Military expenditures | 18.1 | 17.0 | 16.2 | 15.8 | 15.3 | 14.1 | 14.6 | ||||
| Investment expenditure | 5.9 | 6.4 | 7.1 | 7.1 | 9.8 | 9.2 | 10.2 | ||||
| Special accounts | 4.8 | 4.6 | 3.2 | 3.7 | 1.5 | 1.7 | 1.2 | ||||
| Net lending | 0.3 | 0.9 | 0.4 | 0.5 | — | 0.1 | 0.7 | ||||
| Total expenditure and net lending | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Owing to rounding, totals may not add up to sum of components.
Mauritania: Treasury Expenditure, 1989–94 1/
(In percent of total)
| Jan.-Sept. | Jan.-Sept. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Budgetary expenditure | 95.0 | 94.4 | 96.4 | 95.8 | 98.5 | 98.2 | 98.0 | ||||
| Operating expenditure | 89.1 | 88.1 | 89.2 | 88.7 | 88.6 | 88.9 | 87.8 | ||||
| Wages and salaries | 27.6 | 27.1 | 27.1 | 27.5 | 27.7 | 25.0 | 26.8 | ||||
| Goods and services | 18.4 | 20.9 | 23.2 | 22.4 | 22.1 | 23.4 | 23.9 | ||||
| Subsidies and transfers | 10.1 | 11.9 | 10.7 | 8.5 | 9.0 | 8.2 | 8.3 | ||||
| Interest on public debt | 14.9 | 11.2 | 12.0 | 14.5 | 14.6 | 18.2 | 14.2 | ||||
| Military expenditures | 18.1 | 17.0 | 16.2 | 15.8 | 15.3 | 14.1 | 14.6 | ||||
| Investment expenditure | 5.9 | 6.4 | 7.1 | 7.1 | 9.8 | 9.2 | 10.2 | ||||
| Special accounts | 4.8 | 4.6 | 3.2 | 3.7 | 1.5 | 1.7 | 1.2 | ||||
| Net lending | 0.3 | 0.9 | 0.4 | 0.5 | — | 0.1 | 0.7 | ||||
| Total expenditure and net lending | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | ||||
Owing to rounding, totals may not add up to sum of components.
Mauritania: Subsidies and Transfers, 1989–93
(In millions of ouguiyas)
Including nonbudgeted subsidies to SONELEC amounting to UM 307 million in 1990 and UM 367 in 1991.
Mauritania: Subsidies and Transfers, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Government agencies and public enterprises 1/ | 954 | 1,255 | 1,315 | 1,199 | 1,392 | ||||
| Scholarships | 340 | 321 | 357 | 341 | 348 | ||||
| Transfers to local authorities | 63 | 66 | 66 | 66 | 80 | ||||
| Transfers to communes | 9 | 9 | 9 | 9 | 7 | ||||
| Transfers to nonprofit organizations | 10 | 8 | 10 | 7 | 6 | ||||
| Transfers to international organizations | 128 | 175 | 175 | 175 | 147 | ||||
| Other | 286 | 425 | 198 | 155 | 119 | ||||
| Total | 1,793 | 2,259 | 2,130 | 1,952 | 2,099 | ||||
Including nonbudgeted subsidies to SONELEC amounting to UM 307 million in 1990 and UM 367 in 1991.
Mauritania: Subsidies and Transfers, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Government agencies and public enterprises 1/ | 954 | 1,255 | 1,315 | 1,199 | 1,392 | ||||
| Scholarships | 340 | 321 | 357 | 341 | 348 | ||||
| Transfers to local authorities | 63 | 66 | 66 | 66 | 80 | ||||
| Transfers to communes | 9 | 9 | 9 | 9 | 7 | ||||
| Transfers to nonprofit organizations | 10 | 8 | 10 | 7 | 6 | ||||
| Transfers to international organizations | 128 | 175 | 175 | 175 | 147 | ||||
| Other | 286 | 425 | 198 | 155 | 119 | ||||
| Total | 1,793 | 2,259 | 2,130 | 1,952 | 2,099 | ||||
Including nonbudgeted subsidies to SONELEC amounting to UM 307 million in 1990 and UM 367 in 1991.
Mauritania: Deposit Money Banks, as of End-September 1994
The name of the bank has recently been changed to Chinguitty Bank.
Bank resulting from the merger of the former Banque Internationale pour la Mauritanie (BIMA) and Société Mauritanienne de Banque (SMB).
Mauritania: Deposit Money Banks, as of End-September 1994
| Name of Bank | Shareholders | Year of Establishment | Subscribed Capital (UM million) | Number of Branches | |||||
|---|---|---|---|---|---|---|---|---|---|
| Banque Arabe-Libyenne en Mauritanie (BALM) 1/ | Mauritanian Government: Banque Libyenne du Commerce Extérieur: | 49 percent 51 percent |
1972 | 2,000 | 2 | ||||
| Banque Al Baraka Mauritanienne Islamique (BAMIS) | Groupe Al Baraka JEDDAH: Private Mauritanians: | 50 percent 50 percent |
1986 | 3,000 | 1 | ||||
| Banque Mauritanienne pour le Commerce International (BMCI) | Private Mauritanians: | 100 percent | 1986 | 1,000 | 4 | ||||
| Banque Nationale de Mauritanie (BNM) 2/ | Private Mauritanians: | 100 percent | 1989 | 1,000 | 8 | ||||
The name of the bank has recently been changed to Chinguitty Bank.
Bank resulting from the merger of the former Banque Internationale pour la Mauritanie (BIMA) and Société Mauritanienne de Banque (SMB).
Mauritania: Deposit Money Banks, as of End-September 1994
| Name of Bank | Shareholders | Year of Establishment | Subscribed Capital (UM million) | Number of Branches | |||||
|---|---|---|---|---|---|---|---|---|---|
| Banque Arabe-Libyenne en Mauritanie (BALM) 1/ | Mauritanian Government: Banque Libyenne du Commerce Extérieur: | 49 percent 51 percent |
1972 | 2,000 | 2 | ||||
| Banque Al Baraka Mauritanienne Islamique (BAMIS) | Groupe Al Baraka JEDDAH: Private Mauritanians: | 50 percent 50 percent |
1986 | 3,000 | 1 | ||||
| Banque Mauritanienne pour le Commerce International (BMCI) | Private Mauritanians: | 100 percent | 1986 | 1,000 | 4 | ||||
| Banque Nationale de Mauritanie (BNM) 2/ | Private Mauritanians: | 100 percent | 1989 | 1,000 | 8 | ||||
The name of the bank has recently been changed to Chinguitty Bank.
Bank resulting from the merger of the former Banque Internationale pour la Mauritanie (BIMA) and Société Mauritanienne de Banque (SMB).
Mauritania: Monetary Survey, 1990-September 1994 1/
(In millions of ouguiyas; end of period)
Including the accounts of the development bank (UBD) which was liquidated in 1994.
Mauritania: Monetary Survey, 1990-September 1994 1/
(In millions of ouguiyas; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Net foreign assets | ‒19,732 | ‒23,726 | ‒31,813 | ‒29,516 | ‒30,273 | ‒33,062 | ||||
| Central Bank | ‒12,575 | ‒10,681 | ‒20,966 | ‒20,066 | ‒20,258 | ‒21,861 | ||||
| Commercial banks | ‒7,156 | ‒13,045 | ‒10,847 | ‒9,450 | ‒10,015 | ‒11,201 | ||||
| Net domestic assets | 43,123 | 49,283 | 59,726 | 57,292 | 57,846 | 56,989 | ||||
| Domestic credit | 44,986 | 49,389 | 49,617 | 49,359 | 52,975 | 50,355 | ||||
| Claims on the Government (net) | 9,127 | 9,567 | 8,957 | 8,233 | 11,159 | 8,679 | ||||
| Central Bank | 9,706 | 10,229 | 9,857 | 8,414 | 11,406 | 9,609 | ||||
| Commercial banks | ‒579 | ‒663 | ‒900 | ‒181 | ‒247 | ‒930 | ||||
| Claims on the economy | 35,859 | 39,822 | 40,660 | 41,126 | 41,316 | 41,676 | ||||
| Other items (net), of which: | ‒1,863 | ‒106 | 9,585 | 7,933 | 4,871 | 6,634 | ||||
| Valuation change | 2,949 | 3,347 | 12,225 | 13,811 | 14,211 | 16,089 | ||||
| Other | ‒4,812 | ‒3,453 | ‒2,640 | ‒5,878 | ‒9,340 | ‒9,455 | ||||
| Money and quasi—money | 23,391 | 25,557 | 27,389 | 27,776 | 27,573 | 23,927 | ||||
| Money | 17,621 | 19,376 | 20,202 | 20,772 | 20,938 | 17,687 | ||||
| Currency outside banks and Treasury | 6,139 | 7,335 | 7,898 | 9,315 | 9,097 | 8,046 | ||||
| Demand deposits | 11,482 | 12,041 | 12,304 | 11,457 | 11,341 | 9,641 | ||||
| Quasi-money | 5,769 | 6,181 | 7,187 | 7,004 | 6,635 | 6,240 | ||||
Including the accounts of the development bank (UBD) which was liquidated in 1994.
Mauritania: Monetary Survey, 1990-September 1994 1/
(In millions of ouguiyas; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Net foreign assets | ‒19,732 | ‒23,726 | ‒31,813 | ‒29,516 | ‒30,273 | ‒33,062 | ||||
| Central Bank | ‒12,575 | ‒10,681 | ‒20,966 | ‒20,066 | ‒20,258 | ‒21,861 | ||||
| Commercial banks | ‒7,156 | ‒13,045 | ‒10,847 | ‒9,450 | ‒10,015 | ‒11,201 | ||||
| Net domestic assets | 43,123 | 49,283 | 59,726 | 57,292 | 57,846 | 56,989 | ||||
| Domestic credit | 44,986 | 49,389 | 49,617 | 49,359 | 52,975 | 50,355 | ||||
| Claims on the Government (net) | 9,127 | 9,567 | 8,957 | 8,233 | 11,159 | 8,679 | ||||
| Central Bank | 9,706 | 10,229 | 9,857 | 8,414 | 11,406 | 9,609 | ||||
| Commercial banks | ‒579 | ‒663 | ‒900 | ‒181 | ‒247 | ‒930 | ||||
| Claims on the economy | 35,859 | 39,822 | 40,660 | 41,126 | 41,316 | 41,676 | ||||
| Other items (net), of which: | ‒1,863 | ‒106 | 9,585 | 7,933 | 4,871 | 6,634 | ||||
| Valuation change | 2,949 | 3,347 | 12,225 | 13,811 | 14,211 | 16,089 | ||||
| Other | ‒4,812 | ‒3,453 | ‒2,640 | ‒5,878 | ‒9,340 | ‒9,455 | ||||
| Money and quasi—money | 23,391 | 25,557 | 27,389 | 27,776 | 27,573 | 23,927 | ||||
| Money | 17,621 | 19,376 | 20,202 | 20,772 | 20,938 | 17,687 | ||||
| Currency outside banks and Treasury | 6,139 | 7,335 | 7,898 | 9,315 | 9,097 | 8,046 | ||||
| Demand deposits | 11,482 | 12,041 | 12,304 | 11,457 | 11,341 | 9,641 | ||||
| Quasi-money | 5,769 | 6,181 | 7,187 | 7,004 | 6,635 | 6,240 | ||||
Including the accounts of the development bank (UBD) which was liquidated in 1994.
Mauritania: Assets and Liabilities of the Central Bank, 1990-September 1994
(In millions of ouyuivas: end of period)
Mauritania: Assets and Liabilities of the Central Bank, 1990-September 1994
(In millions of ouyuivas: end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Assets | 27,621 | 31,364 | 42,775 | 48,247 | 49,230 | 49,825 | ||||
| Foreign assets | 4,137 | 5,309 | 7,598 | 6,132 | 6,218 | 6,368 | ||||
| Gold | 344 | 326 | 439 | 489 | 555 | 557 | ||||
| Foreign exchange | 3,576 | 4,868 | 7,045 | 5,536 | 5,556 | 5,706 | ||||
| SDRs | 63 | 9 | 9 | 2 | 2 | — | ||||
| Other | 153 | 105 | 105 | 105 | 105 | 105 | ||||
| Claims on the Government, of which: | 11,475 | 12,990 | 14,057 | 15,925 | 18,979 | 17,735 | ||||
| Treasury bonds (BNM) | 4,510 | 4,510 | 4,510 | 6,403 | 6,404 | 6,404 | ||||
| Treasury bonds (UBD) | 2,530 | 3,180 | 3,180 | 3,180 | 6,143 | 6,143 | ||||
| Claims on commercial banks | 3,682 | 2,858 | 5,980 | 5,382 | 2,353 | 2,388 | ||||
| Other claims | 448 | 507 | 559 | 631 | 625 | 705 | ||||
| Other assets | 7,880 | 9,701 | 14,581 | 20,177 | 21,055 | 22,629 | ||||
| Liabilities | 27,621 | 31,364 | 42,775 | 48,247 | 49,230 | 49,825 | ||||
| Reserve money | 8,961 | 12,102 | 14,706 | 21,855 | 22,810 | 20,585 | ||||
| Currency outside banks and Treasury | 6,139 | 7,335 | 7,898 | 9,315 | 9,097 | 8,046 | ||||
| (Memo: total currency in circulation) | 6,710 | 8,173 | 8,326 | 10,611 | 10,176 | 9,686 | ||||
| Bankers’deposits | 2,517 | 4,372 | 6,490 | 12,312 | 13,380 | 12,434 | ||||
| Deposits of public enterprises | 305 | 395 | 318 | 228 | 333 | 105 | ||||
| Foreign liabilities | 16,712 | 15,990 | 28,564 | 26,198 | 26,476 | 28,229 | ||||
| Short-term, of which: | 5,558 | 4,767 | 13,533 | 10,974 | 10,813 | 11,902 | ||||
| Pending transfers | — | 285 | 6,506 | 2,606 | 2,703 | 743 | ||||
| Use of Fund credit | 5,445 | 4,397 | 6,868 | 8,224 | 7,944 | 11,052 | ||||
| Long-term | 11,154 | 11,222 | 15,031 | 15,224 | 15,663 | 16,327 | ||||
| Government deposits, of which: | 1,768 | 2,761 | 4,200 | 7,511 | 7,573 | 8,126 | ||||
| Counterpart funds | 336 | 608 | 2,730 | 6,090 | 6,049 | 7,203 | ||||
| Capital account | 4,149 | 4,177 | 4,496 | 4,978 | 4,946 | 5,172 | ||||
| Other liabilities, of which: | ‒3,969 | ‒3,664 | ‒9,191 | ‒12,295 | ‒12,525 | ‒12,287 | ||||
| Valuation change | ‒2,949 | ‒3,344 | ‒10,382 | ‒12,401 | ‒12,711 | ‒14,669 | ||||
| Memorandum items: | ||||||||||
| Net foreign assets | ‒12,575 | ‒10,681 | ‒20,966 | ‒20,066 | ‒20,258 | ‒21,861 | ||||
| Net credit to the Government | 9,706 | 10,229 | 9,857 | 8,414 | 11,406 | 9,609 | ||||
| Other items (net) | ‒8,864 | ‒7,675 | ‒18,766 | ‒20,564 | ‒17,657 | ‒19,698 | ||||
Mauritania: Assets and Liabilities of the Central Bank, 1990-September 1994
(In millions of ouyuivas: end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Assets | 27,621 | 31,364 | 42,775 | 48,247 | 49,230 | 49,825 | ||||
| Foreign assets | 4,137 | 5,309 | 7,598 | 6,132 | 6,218 | 6,368 | ||||
| Gold | 344 | 326 | 439 | 489 | 555 | 557 | ||||
| Foreign exchange | 3,576 | 4,868 | 7,045 | 5,536 | 5,556 | 5,706 | ||||
| SDRs | 63 | 9 | 9 | 2 | 2 | — | ||||
| Other | 153 | 105 | 105 | 105 | 105 | 105 | ||||
| Claims on the Government, of which: | 11,475 | 12,990 | 14,057 | 15,925 | 18,979 | 17,735 | ||||
| Treasury bonds (BNM) | 4,510 | 4,510 | 4,510 | 6,403 | 6,404 | 6,404 | ||||
| Treasury bonds (UBD) | 2,530 | 3,180 | 3,180 | 3,180 | 6,143 | 6,143 | ||||
| Claims on commercial banks | 3,682 | 2,858 | 5,980 | 5,382 | 2,353 | 2,388 | ||||
| Other claims | 448 | 507 | 559 | 631 | 625 | 705 | ||||
| Other assets | 7,880 | 9,701 | 14,581 | 20,177 | 21,055 | 22,629 | ||||
| Liabilities | 27,621 | 31,364 | 42,775 | 48,247 | 49,230 | 49,825 | ||||
| Reserve money | 8,961 | 12,102 | 14,706 | 21,855 | 22,810 | 20,585 | ||||
| Currency outside banks and Treasury | 6,139 | 7,335 | 7,898 | 9,315 | 9,097 | 8,046 | ||||
| (Memo: total currency in circulation) | 6,710 | 8,173 | 8,326 | 10,611 | 10,176 | 9,686 | ||||
| Bankers’deposits | 2,517 | 4,372 | 6,490 | 12,312 | 13,380 | 12,434 | ||||
| Deposits of public enterprises | 305 | 395 | 318 | 228 | 333 | 105 | ||||
| Foreign liabilities | 16,712 | 15,990 | 28,564 | 26,198 | 26,476 | 28,229 | ||||
| Short-term, of which: | 5,558 | 4,767 | 13,533 | 10,974 | 10,813 | 11,902 | ||||
| Pending transfers | — | 285 | 6,506 | 2,606 | 2,703 | 743 | ||||
| Use of Fund credit | 5,445 | 4,397 | 6,868 | 8,224 | 7,944 | 11,052 | ||||
| Long-term | 11,154 | 11,222 | 15,031 | 15,224 | 15,663 | 16,327 | ||||
| Government deposits, of which: | 1,768 | 2,761 | 4,200 | 7,511 | 7,573 | 8,126 | ||||
| Counterpart funds | 336 | 608 | 2,730 | 6,090 | 6,049 | 7,203 | ||||
| Capital account | 4,149 | 4,177 | 4,496 | 4,978 | 4,946 | 5,172 | ||||
| Other liabilities, of which: | ‒3,969 | ‒3,664 | ‒9,191 | ‒12,295 | ‒12,525 | ‒12,287 | ||||
| Valuation change | ‒2,949 | ‒3,344 | ‒10,382 | ‒12,401 | ‒12,711 | ‒14,669 | ||||
| Memorandum items: | ||||||||||
| Net foreign assets | ‒12,575 | ‒10,681 | ‒20,966 | ‒20,066 | ‒20,258 | ‒21,861 | ||||
| Net credit to the Government | 9,706 | 10,229 | 9,857 | 8,414 | 11,406 | 9,609 | ||||
| Other items (net) | ‒8,864 | ‒7,675 | ‒18,766 | ‒20,564 | ‒17,657 | ‒19,698 | ||||
Mauritania: Assets and Liabilities of the Commercial Banks, 1990-September 1994 1/
(In millions of ouguiyas; end of period)
Including the accounts of the development bank (UBD) which was liquidated in 1994.
Including cash held by the commercial banks.
Mauritania: Assets and Liabilities of the Commercial Banks, 1990-September 1994 1/
(In millions of ouguiyas; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Assets | 52,775 | 62,715 | 61,785 | 66,824 | 67,092 | 65,645 | ||||
| Reserves 2/ | 2,291 | 4,031 | 5,191 | 9,499 | 10,799 | 12375 | ||||
| Of which: with the Central Bank | 1,946 | 3,276 | 4,839 | 8,610 | 10,126 | 11,107 | ||||
| Foreign assets | 2,231 | 1,100 | 1,809 | 3,450 | 3,201 | 2,880 | ||||
| Of which: with banks | 2,075 | 1,003 | 1,606 | 3,226 | 2,966 | 2,644 | ||||
| Claims on the Government Of which: | ‒465 | ‒612 | ‒742 | ‒105 | ‒166 | ‒850 | ||||
| Treasury bonds (BALM) | — | — | — | 479 | 479 | 479 | ||||
| Treasury bonds (BNM) | — | — | — | 378 | 399 | — | ||||
| Claims on the economy | 35,411 | 39,315 | 40,101 | 40,495 | 41,191 | 40,971 | ||||
| Of which: short-term credit | 31,715 | 35,467 | 36,487 | 36,765 | 37,457 | 37,243 | ||||
| Other assets | 13,307 | 18,880 | 15,426 | 13,485 | 12,067 | 10,269 | ||||
| Liabilities | 52,775 | 62,714 | 61,785 | 66,824 | 67,092 | 65,645 | ||||
| Demand deposits | 11,178 | 11,646 | 11,986 | 11,229 | 11,508 | 9,536 | ||||
| Time deposits | 5,769 | 6,181 | 7,187 | 7,004 | 6,635 | 6,240 | ||||
| Foreign liabilities | 9,387 | 14,145 | 12,656 | 12,900 | 13,216 | 14,081 | ||||
| Of which: to banks | 8,825 | 13,209 | 11,709 | 12,207 | 13,051 | 13,818 | ||||
| Government deposits | 115 | 51 | 158 | 76 | 81 | 80 | ||||
| Credit from the Central Bank | 2,668 | 1,801 | 4,380 | 3,351 | 3,351 | 3,358 | ||||
| Capital accounts | 12,597 | 13,505 | 14,018 | 17,867 | 20,802 | 21,518 | ||||
| Other liabilities | 11,061 | 14,985 | 11,400 | 14,397 | 11,499 | 10,832 | ||||
| Of which: valuation change | — | ‒3 | ‒1,843 | ‒1,410 | ‒1,500 | ‒1,420 | ||||
| Memorandum items: | ||||||||||
| Net foreign assets | ‒7,156 | ‒13,045 | ‒11,371 | ‒9,450 | ‒10,015 | ‒11,201 | ||||
| Net credit to the Government | ‒579 | ‒663 | ‒900 | ‒181 | ‒247 | ‒930 | ||||
| Other items (net) | 10,727 | 7,780 | 9,181 | 12,631 | 12,786 | 13,064 | ||||
Including the accounts of the development bank (UBD) which was liquidated in 1994.
Including cash held by the commercial banks.
Mauritania: Assets and Liabilities of the Commercial Banks, 1990-September 1994 1/
(In millions of ouguiyas; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Assets | 52,775 | 62,715 | 61,785 | 66,824 | 67,092 | 65,645 | ||||
| Reserves 2/ | 2,291 | 4,031 | 5,191 | 9,499 | 10,799 | 12375 | ||||
| Of which: with the Central Bank | 1,946 | 3,276 | 4,839 | 8,610 | 10,126 | 11,107 | ||||
| Foreign assets | 2,231 | 1,100 | 1,809 | 3,450 | 3,201 | 2,880 | ||||
| Of which: with banks | 2,075 | 1,003 | 1,606 | 3,226 | 2,966 | 2,644 | ||||
| Claims on the Government Of which: | ‒465 | ‒612 | ‒742 | ‒105 | ‒166 | ‒850 | ||||
| Treasury bonds (BALM) | — | — | — | 479 | 479 | 479 | ||||
| Treasury bonds (BNM) | — | — | — | 378 | 399 | — | ||||
| Claims on the economy | 35,411 | 39,315 | 40,101 | 40,495 | 41,191 | 40,971 | ||||
| Of which: short-term credit | 31,715 | 35,467 | 36,487 | 36,765 | 37,457 | 37,243 | ||||
| Other assets | 13,307 | 18,880 | 15,426 | 13,485 | 12,067 | 10,269 | ||||
| Liabilities | 52,775 | 62,714 | 61,785 | 66,824 | 67,092 | 65,645 | ||||
| Demand deposits | 11,178 | 11,646 | 11,986 | 11,229 | 11,508 | 9,536 | ||||
| Time deposits | 5,769 | 6,181 | 7,187 | 7,004 | 6,635 | 6,240 | ||||
| Foreign liabilities | 9,387 | 14,145 | 12,656 | 12,900 | 13,216 | 14,081 | ||||
| Of which: to banks | 8,825 | 13,209 | 11,709 | 12,207 | 13,051 | 13,818 | ||||
| Government deposits | 115 | 51 | 158 | 76 | 81 | 80 | ||||
| Credit from the Central Bank | 2,668 | 1,801 | 4,380 | 3,351 | 3,351 | 3,358 | ||||
| Capital accounts | 12,597 | 13,505 | 14,018 | 17,867 | 20,802 | 21,518 | ||||
| Other liabilities | 11,061 | 14,985 | 11,400 | 14,397 | 11,499 | 10,832 | ||||
| Of which: valuation change | — | ‒3 | ‒1,843 | ‒1,410 | ‒1,500 | ‒1,420 | ||||
| Memorandum items: | ||||||||||
| Net foreign assets | ‒7,156 | ‒13,045 | ‒11,371 | ‒9,450 | ‒10,015 | ‒11,201 | ||||
| Net credit to the Government | ‒579 | ‒663 | ‒900 | ‒181 | ‒247 | ‒930 | ||||
| Other items (net) | 10,727 | 7,780 | 9,181 | 12,631 | 12,786 | 13,064 | ||||
Including the accounts of the development bank (UBD) which was liquidated in 1994.
Including cash held by the commercial banks.
Mauritania: Claims of the Banking System on the Government, 1990–September 1994
(In millions of ouguiyas; end of period)
Mauritania: Claims of the Banking System on the Government, 1990–September 1994
(In millions of ouguiyas; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Net claims on the Government | 9,127 | 9,567 | 8,957 | 8,233 | 11,159 | 8,679 | ||||
| Central Bank’s claims (net) | 9,706 | 10,229 | 9,857 | 8,414 | 11,406 | 9,609 | ||||
| Claims | 11,475 | 12,990 | 14,057 | 15,925 | 18,979 | 17,735 | ||||
| Advances to the Treasury | — | 723 | 1,790 | 1,823 | 1,913 | 629 | ||||
| Claims on public enterprises | 926 | 926 | 926 | 926 | 926 | 926 | ||||
| Other claims on the Government | 10,774 | 11,424 | 11,424 | 13,317 | 16,140 | 16,180 | ||||
| Minus: cash at the Treasury | ‒226 | ‒83 | ‒83 | ‒141 | ‒141 | ‒101 | ||||
| Liabilities | 1,768 | 2,761 | 4,200 | 7,511 | 7,573 | 8,126 | ||||
| Deposits of central administration | 2,082 | 3,244 | 4,529 | 7,740 | 7,907 | 8,282 | ||||
| Minus: private deposits (Post Office) | ‒314 | ‒483 | ‒329 | ‒229 | ‒334 | ‒156 | ||||
| Commercial banks’ claims (net) | ‒579 | ‒663 | ‒900 | ‒181 | ‒247 | ‒930 | ||||
| Claims | ‒465 | ‒612 | ‒742 | ‒105 | ‒166 | ‒850 | ||||
| Claims on Central Administration | 198 | 152 | 193 | 1,144 | 1,083 | 645 | ||||
| Minus: Treasury (customs bills) | ‒663 | ‒764 | ‒935 | ‒1,249 | ‒1,249 | ‒1,495 | ||||
| Liabilities | 115 | 51 | 158 | 76 | 81 | 80 | ||||
| Deposits, Treasury | 108 | 38 | 145 | 60 | 61 | 63 | ||||
| Other | 7 | 12 | 13 | 16 | 20 | 17 | ||||
Mauritania: Claims of the Banking System on the Government, 1990–September 1994
(In millions of ouguiyas; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Net claims on the Government | 9,127 | 9,567 | 8,957 | 8,233 | 11,159 | 8,679 | ||||
| Central Bank’s claims (net) | 9,706 | 10,229 | 9,857 | 8,414 | 11,406 | 9,609 | ||||
| Claims | 11,475 | 12,990 | 14,057 | 15,925 | 18,979 | 17,735 | ||||
| Advances to the Treasury | — | 723 | 1,790 | 1,823 | 1,913 | 629 | ||||
| Claims on public enterprises | 926 | 926 | 926 | 926 | 926 | 926 | ||||
| Other claims on the Government | 10,774 | 11,424 | 11,424 | 13,317 | 16,140 | 16,180 | ||||
| Minus: cash at the Treasury | ‒226 | ‒83 | ‒83 | ‒141 | ‒141 | ‒101 | ||||
| Liabilities | 1,768 | 2,761 | 4,200 | 7,511 | 7,573 | 8,126 | ||||
| Deposits of central administration | 2,082 | 3,244 | 4,529 | 7,740 | 7,907 | 8,282 | ||||
| Minus: private deposits (Post Office) | ‒314 | ‒483 | ‒329 | ‒229 | ‒334 | ‒156 | ||||
| Commercial banks’ claims (net) | ‒579 | ‒663 | ‒900 | ‒181 | ‒247 | ‒930 | ||||
| Claims | ‒465 | ‒612 | ‒742 | ‒105 | ‒166 | ‒850 | ||||
| Claims on Central Administration | 198 | 152 | 193 | 1,144 | 1,083 | 645 | ||||
| Minus: Treasury (customs bills) | ‒663 | ‒764 | ‒935 | ‒1,249 | ‒1,249 | ‒1,495 | ||||
| Liabilities | 115 | 51 | 158 | 76 | 81 | 80 | ||||
| Deposits, Treasury | 108 | 38 | 145 | 60 | 61 | 63 | ||||
| Other | 7 | 12 | 13 | 16 | 20 | 17 | ||||
Mauritania: Foreign Assets and Liabilities of the Banking System, 1990-September 1994 1/
(In millions of ouguiyas: end of period)
Including the foreign assets and liabilities of the development bank (UBD) which was liquidated in 1994.
Starting in 1990, the stock of outstanding liabilities has been adjusted to reflect Mauritania’s position vis–à–vis the Arab Monetary Fund to ensure consistency with the balance of payments.
Mauritania: Foreign Assets and Liabilities of the Banking System, 1990-September 1994 1/
(In millions of ouguiyas: end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Banking system (net) | ‒19,732 | ‒23,726 | ‒32,337 | ‒29,516 | ‒30,273 | ‒33,062 | ||||
| Assets | 6,368 | 6,409 | 8,883 | 9,582 | 9,419 | 9,248 | ||||
| Liabilities | ‒26,099 | ‒30,135 | ‒41,220 | ‒39,098 | ‒39,692 | ‒42,310 | ||||
| Central Bank (net) | ‒12,575 | ‒10,681 | ‒20,966 | ‒20,066 | ‒20,258 | ‒21,861 | ||||
| Assets | 4,137 | 5,309 | 7,598 | 6,132 | 6,218 | 6,368 | ||||
| Gold | 344 | 326 | 439 | 489 | 555 | 557 | ||||
| Foreign exchange | 3,576 | 4,868 | 7,045 | 5,536 | 5,556 | 5,706 | ||||
| SDRs | 63 | 9 | 9 | 2 | 2 | — | ||||
| Bilateral balances | 39 | — | — | — | — | — | ||||
| Other | 114 | 105 | 105 | 105 | 105 | 105 | ||||
| Liabilities | ‒16,712 | ‒15,990 | ‒28,564 | ‒26,198 | ‒26,476 | ‒28,229 | ||||
| Fund credit | ‒5,448 | ‒4,397 | ‒6,868 | ‒8,224 | ‒7,944 | ‒11,052 | ||||
| Banks and correspondents | ‒6,975 | ‒7,293 | ‒16,226 | ‒12,759 | ‒13,049 | ‒11,384 | ||||
| Of which: pending transfers | — | ‒285 | ‒6,506 | ‒2,606 | ‒2,703 | ‒743 | ||||
| Arab Monetary Fund | ‒4,179 | ‒4,214 | ‒5,311 | ‒5,071 | ‒5,317 | ‒5,686 | ||||
| Other | ‒113 | ‒86 | ‒159 | ‒144 | ‒166 | ‒107 | ||||
| Commercial banks (net) | ‒7,156 | ‒13,045 | ‒11,371 | ‒9,450 | ‒10,015 | ‒11,201 | ||||
| Assets | 2,231 | 1,100 | 1,285 | 3,450 | 3,201 | 2,880 | ||||
| Liabilities | ‒9,387 | ‒14,145 | ‒12,656 | ‒12,900 | ‒13,216 | ‒14,081 | ||||
| Banks and correspondents | ‒8,825 | ‒13,209 | ‒11,709 | ‒12,207 | ‒13,051 | ‒13,818 | ||||
| Other | ‒562 | ‒936 | ‒947 | ‒693 | ‒165 | ‒263 | ||||
| Ouguiyas/SDR (end-period) | 110.740 | 111.316 | 158.263 | 170.421 | 170.546 | 182.131 | ||||
Including the foreign assets and liabilities of the development bank (UBD) which was liquidated in 1994.
Starting in 1990, the stock of outstanding liabilities has been adjusted to reflect Mauritania’s position vis–à–vis the Arab Monetary Fund to ensure consistency with the balance of payments.
Mauritania: Foreign Assets and Liabilities of the Banking System, 1990-September 1994 1/
(In millions of ouguiyas: end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Banking system (net) | ‒19,732 | ‒23,726 | ‒32,337 | ‒29,516 | ‒30,273 | ‒33,062 | ||||
| Assets | 6,368 | 6,409 | 8,883 | 9,582 | 9,419 | 9,248 | ||||
| Liabilities | ‒26,099 | ‒30,135 | ‒41,220 | ‒39,098 | ‒39,692 | ‒42,310 | ||||
| Central Bank (net) | ‒12,575 | ‒10,681 | ‒20,966 | ‒20,066 | ‒20,258 | ‒21,861 | ||||
| Assets | 4,137 | 5,309 | 7,598 | 6,132 | 6,218 | 6,368 | ||||
| Gold | 344 | 326 | 439 | 489 | 555 | 557 | ||||
| Foreign exchange | 3,576 | 4,868 | 7,045 | 5,536 | 5,556 | 5,706 | ||||
| SDRs | 63 | 9 | 9 | 2 | 2 | — | ||||
| Bilateral balances | 39 | — | — | — | — | — | ||||
| Other | 114 | 105 | 105 | 105 | 105 | 105 | ||||
| Liabilities | ‒16,712 | ‒15,990 | ‒28,564 | ‒26,198 | ‒26,476 | ‒28,229 | ||||
| Fund credit | ‒5,448 | ‒4,397 | ‒6,868 | ‒8,224 | ‒7,944 | ‒11,052 | ||||
| Banks and correspondents | ‒6,975 | ‒7,293 | ‒16,226 | ‒12,759 | ‒13,049 | ‒11,384 | ||||
| Of which: pending transfers | — | ‒285 | ‒6,506 | ‒2,606 | ‒2,703 | ‒743 | ||||
| Arab Monetary Fund | ‒4,179 | ‒4,214 | ‒5,311 | ‒5,071 | ‒5,317 | ‒5,686 | ||||
| Other | ‒113 | ‒86 | ‒159 | ‒144 | ‒166 | ‒107 | ||||
| Commercial banks (net) | ‒7,156 | ‒13,045 | ‒11,371 | ‒9,450 | ‒10,015 | ‒11,201 | ||||
| Assets | 2,231 | 1,100 | 1,285 | 3,450 | 3,201 | 2,880 | ||||
| Liabilities | ‒9,387 | ‒14,145 | ‒12,656 | ‒12,900 | ‒13,216 | ‒14,081 | ||||
| Banks and correspondents | ‒8,825 | ‒13,209 | ‒11,709 | ‒12,207 | ‒13,051 | ‒13,818 | ||||
| Other | ‒562 | ‒936 | ‒947 | ‒693 | ‒165 | ‒263 | ||||
| Ouguiyas/SDR (end-period) | 110.740 | 111.316 | 158.263 | 170.421 | 170.546 | 182.131 | ||||
Including the foreign assets and liabilities of the development bank (UBD) which was liquidated in 1994.
Starting in 1990, the stock of outstanding liabilities has been adjusted to reflect Mauritania’s position vis–à–vis the Arab Monetary Fund to ensure consistency with the balance of payments.
Mauritania: Selected Interest Rates on Lending and Deposits, End-September 1994
(In percent per year)
There is no interest paid on demand deposits of residents.
Mauritania: Selected Interest Rates on Lending and Deposits, End-September 1994
(In percent per year)
| Rate | |||||
|---|---|---|---|---|---|
| Discount Rate of the Central Bank | 11 | ||||
| Maximum rate charged by commercial tanks on credits extended to customers | 18 | ||||
| Rate applied to demand deposits of Mauritanians residing overseas 1/ | 8 | ||||
| Minimum rate on savings | 9 | ||||
There is no interest paid on demand deposits of residents.
Mauritania: Selected Interest Rates on Lending and Deposits, End-September 1994
(In percent per year)
| Rate | |||||
|---|---|---|---|---|---|
| Discount Rate of the Central Bank | 11 | ||||
| Maximum rate charged by commercial tanks on credits extended to customers | 18 | ||||
| Rate applied to demand deposits of Mauritanians residing overseas 1/ | 8 | ||||
| Minimum rate on savings | 9 | ||||
There is no interest paid on demand deposits of residents.
Mauritania: Distribution of Bank Credit According to Maturity and Economic Sectors, 1990-September 1994 1/
(In millions of ouguiyas: end of period)
Including credit from the development bank (UBD) which was liquidated in 1994.
Mauritania: Distribution of Bank Credit According to Maturity and Economic Sectors, 1990-September 1994 1/
(In millions of ouguiyas: end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Short-term | 28,663 | 32,510 | 34,538 | 36,383 | 37,579 | 38,243 | ||||
| Agriculture and livestock | 390 | 374 | 449 | 503 | 435 | 446 | ||||
| Fishing | 9,843 | 12,886 | 12,758 | 13,117 | 13,931 | 13,969 | ||||
| Mining | 125 | 103 | 141 | 173 | 178 | 207 | ||||
| Manufacturing | 1,663 | 1,846 | 2,346 | 1,967 | 2,072 | 2,325 | ||||
| Construction | 1,151 | 1,219 | 1,156 | 1,127 | 1,080 | 1,144 | ||||
| Transport | 697 | 878 | 924 | 904 | 1,081 | 919 | ||||
| Services | 1,925 | 1,861 | 1,835 | 1,973 | 2,031 | 2,431 | ||||
| Trade | 10,501 | 10,726 | 11,364 | 12,907 | 13,062 | 13,297 | ||||
| Other | 2,210 | 2,617 | 3,565 | 3,712 | 3,709 | 3,506 | ||||
| Medium-term | 3,668 | 3,565 | 3,306 | 2,927 | 2,624 | 2,405 | ||||
| Agriculture and livestock | 401 | 448 | 406 | 390 | 387 | 370 | ||||
| Fishing | 1,669 | 1,365 | 1,457 | 1,161 | 884 | 709 | ||||
| Mining | — | — | — | — | — | — | ||||
| Manufacturing | 801 | 830 | 570 | 558 | 558 | 509 | ||||
| Construction | 131 | 20 | — | — | 3 | — | ||||
| Transport | 4 | 33 | 33 | 4 | 4 | 4 | ||||
| Services | 122 | 282 | 323 | 330 | 324 | 298 | ||||
| Trade | 49 | 44 | 38 | 38 | 33 | 25 | ||||
| Other | 491 | 543 | 479 | 446 | 431 | 390 | ||||
| Total | 32,331 | 36,075 | 37,844 | 39,310 | 40,203 | 40,548 | ||||
Including credit from the development bank (UBD) which was liquidated in 1994.
Mauritania: Distribution of Bank Credit According to Maturity and Economic Sectors, 1990-September 1994 1/
(In millions of ouguiyas: end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Short-term | 28,663 | 32,510 | 34,538 | 36,383 | 37,579 | 38,243 | ||||
| Agriculture and livestock | 390 | 374 | 449 | 503 | 435 | 446 | ||||
| Fishing | 9,843 | 12,886 | 12,758 | 13,117 | 13,931 | 13,969 | ||||
| Mining | 125 | 103 | 141 | 173 | 178 | 207 | ||||
| Manufacturing | 1,663 | 1,846 | 2,346 | 1,967 | 2,072 | 2,325 | ||||
| Construction | 1,151 | 1,219 | 1,156 | 1,127 | 1,080 | 1,144 | ||||
| Transport | 697 | 878 | 924 | 904 | 1,081 | 919 | ||||
| Services | 1,925 | 1,861 | 1,835 | 1,973 | 2,031 | 2,431 | ||||
| Trade | 10,501 | 10,726 | 11,364 | 12,907 | 13,062 | 13,297 | ||||
| Other | 2,210 | 2,617 | 3,565 | 3,712 | 3,709 | 3,506 | ||||
| Medium-term | 3,668 | 3,565 | 3,306 | 2,927 | 2,624 | 2,405 | ||||
| Agriculture and livestock | 401 | 448 | 406 | 390 | 387 | 370 | ||||
| Fishing | 1,669 | 1,365 | 1,457 | 1,161 | 884 | 709 | ||||
| Mining | — | — | — | — | — | — | ||||
| Manufacturing | 801 | 830 | 570 | 558 | 558 | 509 | ||||
| Construction | 131 | 20 | — | — | 3 | — | ||||
| Transport | 4 | 33 | 33 | 4 | 4 | 4 | ||||
| Services | 122 | 282 | 323 | 330 | 324 | 298 | ||||
| Trade | 49 | 44 | 38 | 38 | 33 | 25 | ||||
| Other | 491 | 543 | 479 | 446 | 431 | 390 | ||||
| Total | 32,331 | 36,075 | 37,844 | 39,310 | 40,203 | 40,548 | ||||
Including credit from the development bank (UBD) which was liquidated in 1994.
Mauritania: Balance of Payments, 1989–94
Includes cancellation of loans maturing in future years amounting to SDR 141.4 million in 1989.
Already agreed.
The amounts represent maturities for the year even though they may have been in arrears at the time of rescheduling.
In percent of exports of goods and services.
Mauritania: Balance of Payments, 1989–94
| Proj. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | |||||
| (In millions of SDRs) | ||||||||||
| Trade balance | 49 | ‒16 | 13 | ‒30 | ‒7 | 26 | ||||
| Exports, of which: | 349 | 311 | 320 | 294 | 286 | 284 | ||||
| Iron ore | 141 | 153 | 155 | 110 | 114 | 119 | ||||
| Fish | 200 | 152 | 162 | 174 | 158 | 150 | ||||
| Imports, c.i.f. | ‒300 | ‒317 | ‒307 | ‒325 | ‒293 | ‒259 | ||||
| Services (net) | 142 | ‒135 | ‒123 | ‒129 | ‒136 | ‒124 | ||||
| Nonfactor services | ‒95 | ‒91 | ‒79 | ‒81 | ‒86 | ‒83 | ||||
| Factor services | ‒47 | ‒44 | ‒45 | ‒47 | ‒49 | ‒41 | ||||
| Of which: interest payments due | ‒51 | ‒46 | ‒46 | ‒48 | ‒47 | ‒40 | ||||
| Private unrequited transfers (net) | ‒19 | ‒10 | ‒11 | 19 | ‒1 | ‒2 | ||||
| Current account (excluding official transfers) | ‒111 | ‒161 | ‒122 | ‒140 | ‒143 | ‒100 | ||||
| Official transfers 1/ | 223 | 65 | 61 | 66 | 76 | 80 | ||||
| Adjustment grants | 3 | 5 | 4 | 14 | 16 | 14 | ||||
| Other (net) | 220 | 60 | 57 | 52 | 60 | 65 | ||||
| Current account (including official transfers) | 112 | ‒96 | ‒61 | ‒74 | ‒67 | ‒20 | ||||
| Capital account | ‒157 | 7 | ‒40 | 14 | 48 | 13 | ||||
| Direct investment | 3 | 6 | 4 | 5 | 12 | 2 | ||||
| Official medium- and long-term loans | ‒166 | ‒3 | ‒18 | 8 | 12 | 20 | ||||
| Disbursements | 63 | 65 | 53 | 85 | 88 | 65 | ||||
| Project loans | 42 | 42 | 41 | 76 | 55 | 40 | ||||
| Program lending | 21 | 22 | 13 | 9 | 33 | 25 | ||||
| Principal due 1/ | ‒229 | ‒67 | ‒72 | ‒77 | ‒75 | ‒45 | ||||
| Other capital and errors and omissions | 7 | 4 | ‒25 | — | 24 | ‒9 | ||||
| Overall balance | ‒45 | ‒89 | ‒100 | ‒61 | ‒19 | ‒7 | ||||
| Financing | 45 | 89 | 100 | 61 | 19 | 7 | ||||
| Net foreign assets (excluding arrears) | ‒13 | 17 | ‒11 | ‒5 | ‒5 | ‒15 | ||||
| Central bank | ‒27 | 24 | ‒21 | 41 | 7 | ‒4 | ||||
| Assets | ‒23 | 30 | ‒10 | — | 12 | ‒9 | ||||
| Liabilities | ‒4 | ‒6 | ‒11 | 41 | ‒4 | 5 | ||||
| Use of Fund resources (net) | 1 | ‒3 | ‒10 | 3 | 4 | 13 | ||||
| Other | ‒5 | ‒3 | ‒1 | 39 | ‒8 | ‒8 | ||||
| Commercial banks | 14 | ‒7 | 10 | ‒45 | ‒12 | ‒11 | ||||
| Exceptional financing | 58 | 72 | 111 | 65 | 24 | 22 | ||||
| Accruals (+)/ reductions (-) of arrears | ‒19 | 54 | 108 | 62 | ‒170 | ‒34 | ||||
| Debt rescheduling and cancellation 2/ | 77 | 18 | 4 | 4 | 194 | 57 | ||||
| Current maturities 3/ | 35 | 15 | 4 | 4 | 43 | 20 | ||||
| Arrears | 15 | — | — | — | 151 | 37 | ||||
| (In percent of GDP, unless otherwise specified) | ||||||||||
| Current account deficit | ||||||||||
| Including official transfers | 14.6 | ‒12.8 | ‒7.4 | ‒8.8 | ‒9.9 | ‒2.8 | ||||
| Excluding official transfers | ‒14.5 | ‒21.5 | ‒14.7 | ‒16.6 | ‒21.1 | ‒13.8 | ||||
| Overall balance | ‒5.9 | ‒11.9 | ‒12.2 | ‒7.2 | ‒2.7 | ‒2.0 | ||||
| Gross official reserves | ||||||||||
| In months of imports | 1.7 | 0.9 | 1.2 | 1.2 | 1.0 | 1.3 | ||||
| In millions of SDRs | 67.3 | 37.4 | 47.7 | 48.0 | 36.5 | 45.6 | ||||
| Debt service ratio 4/ | ||||||||||
| Before debt relief | 37.6 | 35.7 | 34.7 | 41.8 | 44.3 | 30.7 | ||||
| After debt relief (excluding arrears reduction) | ‒7.0 | 26.7 | 33.7 | 40.7 | 30.4 | 25.9 | ||||
Includes cancellation of loans maturing in future years amounting to SDR 141.4 million in 1989.
Already agreed.
The amounts represent maturities for the year even though they may have been in arrears at the time of rescheduling.
In percent of exports of goods and services.
Mauritania: Balance of Payments, 1989–94
| Proj. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | |||||
| (In millions of SDRs) | ||||||||||
| Trade balance | 49 | ‒16 | 13 | ‒30 | ‒7 | 26 | ||||
| Exports, of which: | 349 | 311 | 320 | 294 | 286 | 284 | ||||
| Iron ore | 141 | 153 | 155 | 110 | 114 | 119 | ||||
| Fish | 200 | 152 | 162 | 174 | 158 | 150 | ||||
| Imports, c.i.f. | ‒300 | ‒317 | ‒307 | ‒325 | ‒293 | ‒259 | ||||
| Services (net) | 142 | ‒135 | ‒123 | ‒129 | ‒136 | ‒124 | ||||
| Nonfactor services | ‒95 | ‒91 | ‒79 | ‒81 | ‒86 | ‒83 | ||||
| Factor services | ‒47 | ‒44 | ‒45 | ‒47 | ‒49 | ‒41 | ||||
| Of which: interest payments due | ‒51 | ‒46 | ‒46 | ‒48 | ‒47 | ‒40 | ||||
| Private unrequited transfers (net) | ‒19 | ‒10 | ‒11 | 19 | ‒1 | ‒2 | ||||
| Current account (excluding official transfers) | ‒111 | ‒161 | ‒122 | ‒140 | ‒143 | ‒100 | ||||
| Official transfers 1/ | 223 | 65 | 61 | 66 | 76 | 80 | ||||
| Adjustment grants | 3 | 5 | 4 | 14 | 16 | 14 | ||||
| Other (net) | 220 | 60 | 57 | 52 | 60 | 65 | ||||
| Current account (including official transfers) | 112 | ‒96 | ‒61 | ‒74 | ‒67 | ‒20 | ||||
| Capital account | ‒157 | 7 | ‒40 | 14 | 48 | 13 | ||||
| Direct investment | 3 | 6 | 4 | 5 | 12 | 2 | ||||
| Official medium- and long-term loans | ‒166 | ‒3 | ‒18 | 8 | 12 | 20 | ||||
| Disbursements | 63 | 65 | 53 | 85 | 88 | 65 | ||||
| Project loans | 42 | 42 | 41 | 76 | 55 | 40 | ||||
| Program lending | 21 | 22 | 13 | 9 | 33 | 25 | ||||
| Principal due 1/ | ‒229 | ‒67 | ‒72 | ‒77 | ‒75 | ‒45 | ||||
| Other capital and errors and omissions | 7 | 4 | ‒25 | — | 24 | ‒9 | ||||
| Overall balance | ‒45 | ‒89 | ‒100 | ‒61 | ‒19 | ‒7 | ||||
| Financing | 45 | 89 | 100 | 61 | 19 | 7 | ||||
| Net foreign assets (excluding arrears) | ‒13 | 17 | ‒11 | ‒5 | ‒5 | ‒15 | ||||
| Central bank | ‒27 | 24 | ‒21 | 41 | 7 | ‒4 | ||||
| Assets | ‒23 | 30 | ‒10 | — | 12 | ‒9 | ||||
| Liabilities | ‒4 | ‒6 | ‒11 | 41 | ‒4 | 5 | ||||
| Use of Fund resources (net) | 1 | ‒3 | ‒10 | 3 | 4 | 13 | ||||
| Other | ‒5 | ‒3 | ‒1 | 39 | ‒8 | ‒8 | ||||
| Commercial banks | 14 | ‒7 | 10 | ‒45 | ‒12 | ‒11 | ||||
| Exceptional financing | 58 | 72 | 111 | 65 | 24 | 22 | ||||
| Accruals (+)/ reductions (-) of arrears | ‒19 | 54 | 108 | 62 | ‒170 | ‒34 | ||||
| Debt rescheduling and cancellation 2/ | 77 | 18 | 4 | 4 | 194 | 57 | ||||
| Current maturities 3/ | 35 | 15 | 4 | 4 | 43 | 20 | ||||
| Arrears | 15 | — | — | — | 151 | 37 | ||||
| (In percent of GDP, unless otherwise specified) | ||||||||||
| Current account deficit | ||||||||||
| Including official transfers | 14.6 | ‒12.8 | ‒7.4 | ‒8.8 | ‒9.9 | ‒2.8 | ||||
| Excluding official transfers | ‒14.5 | ‒21.5 | ‒14.7 | ‒16.6 | ‒21.1 | ‒13.8 | ||||
| Overall balance | ‒5.9 | ‒11.9 | ‒12.2 | ‒7.2 | ‒2.7 | ‒2.0 | ||||
| Gross official reserves | ||||||||||
| In months of imports | 1.7 | 0.9 | 1.2 | 1.2 | 1.0 | 1.3 | ||||
| In millions of SDRs | 67.3 | 37.4 | 47.7 | 48.0 | 36.5 | 45.6 | ||||
| Debt service ratio 4/ | ||||||||||
| Before debt relief | 37.6 | 35.7 | 34.7 | 41.8 | 44.3 | 30.7 | ||||
| After debt relief (excluding arrears reduction) | ‒7.0 | 26.7 | 33.7 | 40.7 | 30.4 | 25.9 | ||||
Includes cancellation of loans maturing in future years amounting to SDR 141.4 million in 1989.
Already agreed.
The amounts represent maturities for the year even though they may have been in arrears at the time of rescheduling.
In percent of exports of goods and services.
Mauritania: Arrears on External Public Debt, December 31,1992-Sept ember 30,1994
Including late interest.
Mauritania: Arrears on External Public Debt, December 31,1992-Sept ember 30,1994
| As of December 31, 1992 | As of December 31, 1993 | As of September 30, 1994 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal | Interest | Total | Principal | Interest | Total | Principal | Interest | Total | ||||||||||
| (ln millions of SDRs) | ||||||||||||||||||
| I. Paris Club creditors | 71.3 | 32.5 | 103.8 | — | — | — | — | — | — | |||||||||
| Pre-cut off date and not previously rescheduled debt |
31.7 | 7.8 | 39.5 | — | — | — | — | — | — | |||||||||
| State | 31.7 | 7.8 | 39.5 | — | — | — | — | — | — | |||||||||
| Public enterprises | — | — | — | — | — | — | — | — | — | |||||||||
| Pre-cut off date and previously rescheduled debt |
37.3 | 24.3 | 61.6 | — | — | — | — | — | — | |||||||||
| State | 32.7 | 20.0 | 52.7 | — | — | — | — | — | — | |||||||||
| Public enterprises | 4.6 | 4.3 | 8.9 | — | — | — | — | — | — | |||||||||
| Post-cut off date debt | 2.3 | 0.4 | 2.7 | — | — | — | — | — | — | |||||||||
| State | 1.8 | 0.2 | 2.0 | — | — | — | — | — | — | |||||||||
| Public enterprises | 0.5 | 0.2 | 0.7 | — | — | — | — | — | — | |||||||||
| II. Non-Paris Club creditors | 61.1 | 25.0 | 86.1 | — | ||||||||||||||
| Other bilateral | 48.1 | 19.1 | 67.2 | 36.7 | 21.0 | 57.7 | 17.4 | 17.6 | 35.0 | |||||||||
| State | 41.0 | 8.6 | 49.6 | 27.7 | 7.3 | 35.0 | 17.4 | 3.5 | 20.9 | |||||||||
| Public enterprises | 7.1 | 10.5 | 17.6 | 9.0 | 13.7 | 22.7 | — | 14.1 | 14.1 | |||||||||
| Multilateral | 13.0 | 5.9 | 18.9 | — | — | — | — | — | — | |||||||||
| State | 10.6 | 2.2 | 12.8 | — | — | — | — | — | — | |||||||||
| Public enterprises | 2.4 | 3.7 | 6.1 | — | — | — | — | — | — | |||||||||
| III. Total | 132.4 | 57.5 | 189.9 | 36.7 | 21.0 | 57.7 | 17.4 | 17.6 | 35.0 | |||||||||
| State | 117.8 | 38.8 | 156.6 | 27.7 | 7.3 | 35.0 | 17.4 | 3.5 | 20.9 | |||||||||
| Public enterprises | 14.6 | 18.7 | 33.3 | 9.0 | 13.7 | 22.7 | — | 14.1 | 124.1 | |||||||||
| (In billions of ouguiyas) | ||||||||||||||||||
| Memorandum items: | ||||||||||||||||||
| Total | 21.1 | 9.2 | 30.4 | 6.2 | 3.6 | 9.8 | 3.2 | 3.2 | 6.4 | |||||||||
| State | 18.9 | 6.2 | 25.1 | 4.7 | 1.2 | 5.9 | 3.2 | 0.6 | 3.8 | |||||||||
| Public enterprises | 2.3 | 3.0 | 5.3 | 1.5 | 2.4 | 3.9 | — | 2.6 | 2.6 | |||||||||
Including late interest.
Mauritania: Arrears on External Public Debt, December 31,1992-Sept ember 30,1994
| As of December 31, 1992 | As of December 31, 1993 | As of September 30, 1994 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Principal | Interest | Total | Principal | Interest | Total | Principal | Interest | Total | ||||||||||
| (ln millions of SDRs) | ||||||||||||||||||
| I. Paris Club creditors | 71.3 | 32.5 | 103.8 | — | — | — | — | — | — | |||||||||
| Pre-cut off date and not previously rescheduled debt |
31.7 | 7.8 | 39.5 | — | — | — | — | — | — | |||||||||
| State | 31.7 | 7.8 | 39.5 | — | — | — | — | — | — | |||||||||
| Public enterprises | — | — | — | — | — | — | — | — | — | |||||||||
| Pre-cut off date and previously rescheduled debt |
37.3 | 24.3 | 61.6 | — | — | — | — | — | — | |||||||||
| State | 32.7 | 20.0 | 52.7 | — | — | — | — | — | — | |||||||||
| Public enterprises | 4.6 | 4.3 | 8.9 | — | — | — | — | — | — | |||||||||
| Post-cut off date debt | 2.3 | 0.4 | 2.7 | — | — | — | — | — | — | |||||||||
| State | 1.8 | 0.2 | 2.0 | — | — | — | — | — | — | |||||||||
| Public enterprises | 0.5 | 0.2 | 0.7 | — | — | — | — | — | — | |||||||||
| II. Non-Paris Club creditors | 61.1 | 25.0 | 86.1 | — | ||||||||||||||
| Other bilateral | 48.1 | 19.1 | 67.2 | 36.7 | 21.0 | 57.7 | 17.4 | 17.6 | 35.0 | |||||||||
| State | 41.0 | 8.6 | 49.6 | 27.7 | 7.3 | 35.0 | 17.4 | 3.5 | 20.9 | |||||||||
| Public enterprises | 7.1 | 10.5 | 17.6 | 9.0 | 13.7 | 22.7 | — | 14.1 | 14.1 | |||||||||
| Multilateral | 13.0 | 5.9 | 18.9 | — | — | — | — | — | — | |||||||||
| State | 10.6 | 2.2 | 12.8 | — | — | — | — | — | — | |||||||||
| Public enterprises | 2.4 | 3.7 | 6.1 | — | — | — | — | — | — | |||||||||
| III. Total | 132.4 | 57.5 | 189.9 | 36.7 | 21.0 | 57.7 | 17.4 | 17.6 | 35.0 | |||||||||
| State | 117.8 | 38.8 | 156.6 | 27.7 | 7.3 | 35.0 | 17.4 | 3.5 | 20.9 | |||||||||
| Public enterprises | 14.6 | 18.7 | 33.3 | 9.0 | 13.7 | 22.7 | — | 14.1 | 124.1 | |||||||||
| (In billions of ouguiyas) | ||||||||||||||||||
| Memorandum items: | ||||||||||||||||||
| Total | 21.1 | 9.2 | 30.4 | 6.2 | 3.6 | 9.8 | 3.2 | 3.2 | 6.4 | |||||||||
| State | 18.9 | 6.2 | 25.1 | 4.7 | 1.2 | 5.9 | 3.2 | 0.6 | 3.8 | |||||||||
| Public enterprises | 2.3 | 3.0 | 5.3 | 1.5 | 2.4 | 3.9 | — | 2.6 | 2.6 | |||||||||
Including late interest.
Mauritania: Foreign Assets and Liabilities of the Banking System, 1990–September 1994 1/
(In millions of SDRs; end of period)
Including the foreign assets and liabilities of the development bank (UBD), which was liquidated in 1994.
Starting in 1990, the stock of outstanding liabilities has been adjusted to reflect Mauritania’s position vis-á-vis the Arab Monetary Fund to ensure consistency with the balance of payments.
Mauritania: Foreign Assets and Liabilities of the Banking System, 1990–September 1994 1/
(In millions of SDRs; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Banking system (net) | ‒178.2 | ‒213.1 | ‒204.3 | ‒173.2 | ‒177.5 | ‒181.5 | ||||
| Assets | 57.5 | 57.6 | 56.1 | 56.2 | 55.2 | 50.8 | ||||
| Liabilities | ‒235.7 | ‒270.7 | ‒260.5 | ‒229.4 | ‒232.7 | ‒232.3 | ||||
| Central Bank (net) | ‒113.6 | ‒96.0 | ‒132.5 | ‒117.7 | ‒118.8 | ‒120.0 | ||||
| Assets | 37.4 | 47.7 | 48.0 | 36.0 | 36.5 | 35.0 | ||||
| Gold | 3.1 | 2.9 | 2.8 | 2.9 | 3.3 | 3.1 | ||||
| Foreign exchange | 32.3 | 43.7 | 44.5 | 32.5 | 32.6 | 31.3 | ||||
| SDRs | 0.6 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | ||||
| Bilateral balances | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
| Other | 1.0 | 0.9 | 0.6 | 0.6 | 0.5 | 0.6 | ||||
| Liabilities 2/ | ‒150.9 | ‒143.6 | ‒180.5 | ‒153.7 | ‒155.2 | ‒155.0 | ||||
| Fund credit | ‒49.2 | ‒39.5 | ‒42.0 | ‒47.1 | ‒46.1 | ‒60.7 | ||||
| Banks and correspondents | ‒63.0 | ‒65.5 | ‒102.5 | ‒74.9 | ‒76.5 | ‒62.5 | ||||
| Of which: pending transfers | — | ‒2.6 | ‒41.1 | ‒15.3 | ‒15.8 | ‒4.1 | ||||
| Other | ‒1.0 | ‒0.8 | ‒2.4 | ‒2.0 | ‒1.5 | ‒0.6 | ||||
| Arab Monetary Fund | ‒37.7 | ‒37.9 | ‒33.6 | ‒29.8 | ‒31.2 | ‒31.2 | ||||
| Commercial banks (net) | ‒64.6 | ‒117.2 | ‒71.8 | ‒55.5 | ‒58.7 | ‒61.5 | ||||
| Assets | 20.1 | 9.9 | 8.1 | 20.2 | 18.8 | 15.8 | ||||
| Liabilities | ‒84.8 | ‒127.1 | ‒80.0 | ‒75.7 | ‒77.5 | ‒77.3 | ||||
| Banks and correspondents | ‒79.7 | ‒118.7 | ‒74.0 | ‒71.6 | ‒76.5 | ‒75.9 | ||||
| Other | ‒5.1 | ‒8.4 | ‒6.0 | ‒4.1 | ‒1.0 | ‒1.4 | ||||
| Ouguiyas/SDR (end-period) | 110.740 | 111.316 | 158.263 | 170.421 | 170.546 | 182.131 | ||||
| Memorandum items: Gross official reserves In months of imports | 0.9 | 1.2 | 1.2 | — | 1.0 | — | ||||
Including the foreign assets and liabilities of the development bank (UBD), which was liquidated in 1994.
Starting in 1990, the stock of outstanding liabilities has been adjusted to reflect Mauritania’s position vis-á-vis the Arab Monetary Fund to ensure consistency with the balance of payments.
Mauritania: Foreign Assets and Liabilities of the Banking System, 1990–September 1994 1/
(In millions of SDRs; end of period)
| Dec. | Dec. | Dec. | Sept. | Dec. | Sept. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | |||||
| Banking system (net) | ‒178.2 | ‒213.1 | ‒204.3 | ‒173.2 | ‒177.5 | ‒181.5 | ||||
| Assets | 57.5 | 57.6 | 56.1 | 56.2 | 55.2 | 50.8 | ||||
| Liabilities | ‒235.7 | ‒270.7 | ‒260.5 | ‒229.4 | ‒232.7 | ‒232.3 | ||||
| Central Bank (net) | ‒113.6 | ‒96.0 | ‒132.5 | ‒117.7 | ‒118.8 | ‒120.0 | ||||
| Assets | 37.4 | 47.7 | 48.0 | 36.0 | 36.5 | 35.0 | ||||
| Gold | 3.1 | 2.9 | 2.8 | 2.9 | 3.3 | 3.1 | ||||
| Foreign exchange | 32.3 | 43.7 | 44.5 | 32.5 | 32.6 | 31.3 | ||||
| SDRs | 0.6 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | ||||
| Bilateral balances | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ||||
| Other | 1.0 | 0.9 | 0.6 | 0.6 | 0.5 | 0.6 | ||||
| Liabilities 2/ | ‒150.9 | ‒143.6 | ‒180.5 | ‒153.7 | ‒155.2 | ‒155.0 | ||||
| Fund credit | ‒49.2 | ‒39.5 | ‒42.0 | ‒47.1 | ‒46.1 | ‒60.7 | ||||
| Banks and correspondents | ‒63.0 | ‒65.5 | ‒102.5 | ‒74.9 | ‒76.5 | ‒62.5 | ||||
| Of which: pending transfers | — | ‒2.6 | ‒41.1 | ‒15.3 | ‒15.8 | ‒4.1 | ||||
| Other | ‒1.0 | ‒0.8 | ‒2.4 | ‒2.0 | ‒1.5 | ‒0.6 | ||||
| Arab Monetary Fund | ‒37.7 | ‒37.9 | ‒33.6 | ‒29.8 | ‒31.2 | ‒31.2 | ||||
| Commercial banks (net) | ‒64.6 | ‒117.2 | ‒71.8 | ‒55.5 | ‒58.7 | ‒61.5 | ||||
| Assets | 20.1 | 9.9 | 8.1 | 20.2 | 18.8 | 15.8 | ||||
| Liabilities | ‒84.8 | ‒127.1 | ‒80.0 | ‒75.7 | ‒77.5 | ‒77.3 | ||||
| Banks and correspondents | ‒79.7 | ‒118.7 | ‒74.0 | ‒71.6 | ‒76.5 | ‒75.9 | ||||
| Other | ‒5.1 | ‒8.4 | ‒6.0 | ‒4.1 | ‒1.0 | ‒1.4 | ||||
| Ouguiyas/SDR (end-period) | 110.740 | 111.316 | 158.263 | 170.421 | 170.546 | 182.131 | ||||
| Memorandum items: Gross official reserves In months of imports | 0.9 | 1.2 | 1.2 | — | 1.0 | — | ||||
Including the foreign assets and liabilities of the development bank (UBD), which was liquidated in 1994.
Starting in 1990, the stock of outstanding liabilities has been adjusted to reflect Mauritania’s position vis-á-vis the Arab Monetary Fund to ensure consistency with the balance of payments.
Mauritania: Exports, 1989–94
(In millions of SDRs. except where otherwise stated)
Including fish meal.
Mauritania: Exports, 1989–94
(In millions of SDRs. except where otherwise stated)
| Jan. - Sept. | Jan. - Sept. | Proj. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | 1994 | |||||
| Total exports, f.o.b. | 349.2 | 311.1 | 320.1 | 294.2 | 219.8 | 286.4 | 203.5 | 284.3 | ||||
| Iron ore | ||||||||||||
| Value | 141.2 | 153.4 | 155.3 | 109.8 | 83.4 | 114.0 | 81.5 | 118.9 | ||||
| Volume (millions of metric tons) | 11.1 | 11.4 | 10.6 | 8.0 | 7.1 | 9.7 | 7.4 | 10.5 | ||||
| Change in percent | 11.4 | 2.0 | ‒6.5 | ‒24.6 | — | 21.6 | 4.2 | 7.8 | ||||
| Unit value (SDR/metric ton) | 12.7 | 13.5 | 14.6 | 13.7 | 11.7 | 11.7 | 10.9 | 11.3 | ||||
| Change in percent | 21.0 | 6.5 | 8.3 | ‒6.3 | — | ‒14.6 | ‒6.8 | ‒3.3 | ||||
| Fish | ||||||||||||
| Value | 200.5 | 152.0 | 162.1 | 173.9 | 127.4 | 158.0 | 110.4 | 149.8 | ||||
| Pelagic 1/ | 65.6 | 56.2 | 54.0 | 55.7 | 42.7 | 55.9 | 18.1 | 30.9 | ||||
| Demersal fish | 12.4 | 8.7 | 8.0 | 9.2 | 4.9 | 6.7 | 7.1 | 9.4 | ||||
| Cephalopod | 118.9 | 77.6 | 96.4 | 106.9 | 77.7 | 90.8 | 80.7 | 102.6 | ||||
| Other | 3.6 | 9.5 | 3.7 | 2.1 | 2.1 | 4.5 | 4.5 | 6.9 | ||||
| Volume (thousands of metric tons) | 322.4 | 283.0 | 277.6 | 290.6 | 229.0 | 308.5 | 124.7 | 199.0 | ||||
| Pelagic 1/ | 266.0 | 236.1 | 228.1 | 232.8 | 176.5 | 243.9 | 78.1 | 133.2 | ||||
| Demersal fish | 12.3 | 8.1 | 7.7 | 8.1 | 4.5 | 6.3 | 7.5 | 9.5 | ||||
| Cephalopod | 40.3 | 28.6 | 37.3 | 47.0 | 45.4 | 54.8 | 31.7 | 45.1 | ||||
| Other | 3.8 | 10.2 | 4.5 | 2.7 | 2.6 | 3.5 | 7.5 | 11.2 | ||||
| Unit value (SDR/metric ton) | ||||||||||||
| Pelagic 1/ | 246.7 | 237.9 | 236.8 | 239.3 | 241.8 | 229.3 | 232.1 | 232.3 | ||||
| Demersal fish | 1,012.0 | 1,078.9 | 1,034.6 | 1,141.0 | 1,088.0 | 1,068.6 | 941.6 | 989.6 | ||||
| Cephalopod | 2,950.6 | 2,713.1 | 2,584.6 | 2,273.8 | 1,711.5 | 1,657.1 | 2,549.0 | 2,273.9 | ||||
| Other | 947.4 | 946.6 | 828.3 | 796.0 | 821.0 | 1,289.1 | 604.8 | 613.6 | ||||
| Gold | ||||||||||||
| Value | — | — | — | 4.9 | 8.2 | 11.1 | 10.2 | 13.9 | ||||
| Volume (thousands of ounces) | — | — | — | 20.1 | 30.8 | 41.6 | 40.6 | 54.8 | ||||
| Change in percent | — | — | — | — | — | 107.0 | 31.8 | 31.8 | ||||
| Unit value (SDR/ounce) | — | — | — | 243.7 | 266.2 | 267.0 | 251.8 | 252.9 | ||||
| Change in percent | — | — | — | — | — | 9.6 | ‒5.4 | ‒5.3 | ||||
| Other | 7.5 | 5.7 | 2.6 | 5.6 | 0.8 | 3.3 | 1.4 | 1.8 | ||||
Including fish meal.
Mauritania: Exports, 1989–94
(In millions of SDRs. except where otherwise stated)
| Jan. - Sept. | Jan. - Sept. | Proj. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | 1993 | 1994 | 1994 | |||||
| Total exports, f.o.b. | 349.2 | 311.1 | 320.1 | 294.2 | 219.8 | 286.4 | 203.5 | 284.3 | ||||
| Iron ore | ||||||||||||
| Value | 141.2 | 153.4 | 155.3 | 109.8 | 83.4 | 114.0 | 81.5 | 118.9 | ||||
| Volume (millions of metric tons) | 11.1 | 11.4 | 10.6 | 8.0 | 7.1 | 9.7 | 7.4 | 10.5 | ||||
| Change in percent | 11.4 | 2.0 | ‒6.5 | ‒24.6 | — | 21.6 | 4.2 | 7.8 | ||||
| Unit value (SDR/metric ton) | 12.7 | 13.5 | 14.6 | 13.7 | 11.7 | 11.7 | 10.9 | 11.3 | ||||
| Change in percent | 21.0 | 6.5 | 8.3 | ‒6.3 | — | ‒14.6 | ‒6.8 | ‒3.3 | ||||
| Fish | ||||||||||||
| Value | 200.5 | 152.0 | 162.1 | 173.9 | 127.4 | 158.0 | 110.4 | 149.8 | ||||
| Pelagic 1/ | 65.6 | 56.2 | 54.0 | 55.7 | 42.7 | 55.9 | 18.1 | 30.9 | ||||
| Demersal fish | 12.4 | 8.7 | 8.0 | 9.2 | 4.9 | 6.7 | 7.1 | 9.4 | ||||
| Cephalopod | 118.9 | 77.6 | 96.4 | 106.9 | 77.7 | 90.8 | 80.7 | 102.6 | ||||
| Other | 3.6 | 9.5 | 3.7 | 2.1 | 2.1 | 4.5 | 4.5 | 6.9 | ||||
| Volume (thousands of metric tons) | 322.4 | 283.0 | 277.6 | 290.6 | 229.0 | 308.5 | 124.7 | 199.0 | ||||
| Pelagic 1/ | 266.0 | 236.1 | 228.1 | 232.8 | 176.5 | 243.9 | 78.1 | 133.2 | ||||
| Demersal fish | 12.3 | 8.1 | 7.7 | 8.1 | 4.5 | 6.3 | 7.5 | 9.5 | ||||
| Cephalopod | 40.3 | 28.6 | 37.3 | 47.0 | 45.4 | 54.8 | 31.7 | 45.1 | ||||
| Other | 3.8 | 10.2 | 4.5 | 2.7 | 2.6 | 3.5 | 7.5 | 11.2 | ||||
| Unit value (SDR/metric ton) | ||||||||||||
| Pelagic 1/ | 246.7 | 237.9 | 236.8 | 239.3 | 241.8 | 229.3 | 232.1 | 232.3 | ||||
| Demersal fish | 1,012.0 | 1,078.9 | 1,034.6 | 1,141.0 | 1,088.0 | 1,068.6 | 941.6 | 989.6 | ||||
| Cephalopod | 2,950.6 | 2,713.1 | 2,584.6 | 2,273.8 | 1,711.5 | 1,657.1 | 2,549.0 | 2,273.9 | ||||
| Other | 947.4 | 946.6 | 828.3 | 796.0 | 821.0 | 1,289.1 | 604.8 | 613.6 | ||||
| Gold | ||||||||||||
| Value | — | — | — | 4.9 | 8.2 | 11.1 | 10.2 | 13.9 | ||||
| Volume (thousands of ounces) | — | — | — | 20.1 | 30.8 | 41.6 | 40.6 | 54.8 | ||||
| Change in percent | — | — | — | — | — | 107.0 | 31.8 | 31.8 | ||||
| Unit value (SDR/ounce) | — | — | — | 243.7 | 266.2 | 267.0 | 251.8 | 252.9 | ||||
| Change in percent | — | — | — | — | — | 9.6 | ‒5.4 | ‒5.3 | ||||
| Other | 7.5 | 5.7 | 2.6 | 5.6 | 0.8 | 3.3 | 1.4 | 1.8 | ||||
Including fish meal.
Mauritania: Foreign Trade Indices, 1989–93
(Annual percentage changes)
Mauritania: Foreign Trade Indices, 1989–93
(Annual percentage changes)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Export value (SDR) | 6.5 | ‒10.9 | 2.9 | ‒8.1 | ‒2.6 | ||||
| Export volume | 1.6 | ‒6.4 | ‒2.3 | ‒7.1 | 12.4 | ||||
| Export price (SDR) | 4.9 | ‒4.8 | 5.3 | ‒1.1 | ‒13.4 | ||||
| Import value (SDR) | 2.9 | 8.4 | ‒5.8 | 7.1 | ‒10.8 | ||||
| Import volume | ‒3.8 | 6.3 | ‒5.0 | 8.4 | ‒12.9 | ||||
| Import price (SDR) | 7.0 | 2.0 | ‒0.9 | ‒1.2 | 2.4 | ||||
| Terms of trade (SDR) | ‒2.0 | ‒6.7 | 6.2 | 0.1 | ‒15.4 | ||||
| Export price (UM) | 10.4 | ‒2.2 | 7.9 | 8.1 | 19.2 | ||||
| Import price (UM) | 12.6 | 4.8 | 1.6 | 8.0 | 40.9 | ||||
Mauritania: Foreign Trade Indices, 1989–93
(Annual percentage changes)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Export value (SDR) | 6.5 | ‒10.9 | 2.9 | ‒8.1 | ‒2.6 | ||||
| Export volume | 1.6 | ‒6.4 | ‒2.3 | ‒7.1 | 12.4 | ||||
| Export price (SDR) | 4.9 | ‒4.8 | 5.3 | ‒1.1 | ‒13.4 | ||||
| Import value (SDR) | 2.9 | 8.4 | ‒5.8 | 7.1 | ‒10.8 | ||||
| Import volume | ‒3.8 | 6.3 | ‒5.0 | 8.4 | ‒12.9 | ||||
| Import price (SDR) | 7.0 | 2.0 | ‒0.9 | ‒1.2 | 2.4 | ||||
| Terms of trade (SDR) | ‒2.0 | ‒6.7 | 6.2 | 0.1 | ‒15.4 | ||||
| Export price (UM) | 10.4 | ‒2.2 | 7.9 | 8.1 | 19.2 | ||||
| Import price (UM) | 12.6 | 4.8 | 1.6 | 8.0 | 40.9 | ||||
Mauritania: Imports, 1989–93
(In millions of SDRs, except where otherwise stated)
These amounts include adjustments introduced by the Central Bank to the import value of some goods so that such value is recorded on a transaction rather than on a cash basis. To that extent, the amounts shown in the table as imports financed through an increase in commercial banks’ liabilities are underestimated.
From 1990 onwards includes imports for the development of a new gold mine, part of which is directly financed abroad.
Includes cereals and other food aid.
Mauritania: Imports, 1989–93
(In millions of SDRs, except where otherwise stated)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 1. Total imports, f.o.b. | 275.5 | 298.6 | 281.2 | 301.2 | 268.5 | ||||
| 2. Settled through the domestic banking system 1/ | 165.5 | 185.9 | 150.2 | 160.6 | 159.1 | ||||
| Food | 70.3 | 73.7 | 64.3 | 72.4 | 58.1 | ||||
| Other consumption goods | 18.5 | 24.2 | 16.9 | 17.6 | 9.4 | ||||
| Petroleum products (excluding SNIM) | |||||||||
| Value | 27.0 | 31.4 | 26.7 | 23.6 | 24.7 | ||||
| Change in percent | 43.4 | 16.4 | ‒15.0 | ‒39.1 | 3.6 | ||||
| Volume (thousands of metric tons) | 204.7 | 189.9 | 181.8 | 191.0 | 204.9 | ||||
| Change in percent | ‒12.1 | ‒7.2 | ‒4.3 | 5.0 | 7.3 | ||||
| Unit value (SDR/metric tons) | 131.9 | 165.5 | 147.0 | 123.7 | 120.4 | ||||
| Change in percent | 63.2 | 25.5 | ‒11.2 | ‒15.9 | ‒2.7 | ||||
| Transportation goods and other machinery 2/ | 18.0 | 19.6 | 16.6 | 15.2 | 11.5 | ||||
| Fishing equipment | 7.7 | 10.7 | 4.3 | 4.1 | 5.1 | ||||
| Other imports: | |||||||||
| Settled through the Central Bank | 18.2 | 26.3 | 21.4 | 30.0 | 32.7 | ||||
| Financed through an increase in commercial banks’ liabilities | 5.8 | — | 12.0 | — | |||||
| Of which: fishing boats | — | — | — | — | 17.6 | ||||
| 3. Imports financed directly abroad | 110.0 | 112.7 | 131.0 | 140.6 | 109.4 | ||||
| SNIM external operations account | 61.2 | 69.0 | 69.4 | 60.5 | 43.2 | ||||
| Public investment | 30.0 | 30.1 | 31.9 | 60.3 | 42.0 | ||||
| Of which: SNIM imports | 16.2 | 14.2 | 15.1 | 41.0 | 28.1 | ||||
| Food aid 3/ | 10.6 | 9.1 | 15.1 | 14.8 | 8.5 | ||||
| Red Crescent and other aid | 2.5 | 4.5 | 2.6 | 3.0 | 3.0 | ||||
| Other capital and intermediate goods | — | — | — | 2.0 | 3.5 | ||||
| Other | 5.7 | — | 12.0 | — | 9.2 | ||||
These amounts include adjustments introduced by the Central Bank to the import value of some goods so that such value is recorded on a transaction rather than on a cash basis. To that extent, the amounts shown in the table as imports financed through an increase in commercial banks’ liabilities are underestimated.
From 1990 onwards includes imports for the development of a new gold mine, part of which is directly financed abroad.
Includes cereals and other food aid.
Mauritania: Imports, 1989–93
(In millions of SDRs, except where otherwise stated)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 1. Total imports, f.o.b. | 275.5 | 298.6 | 281.2 | 301.2 | 268.5 | ||||
| 2. Settled through the domestic banking system 1/ | 165.5 | 185.9 | 150.2 | 160.6 | 159.1 | ||||
| Food | 70.3 | 73.7 | 64.3 | 72.4 | 58.1 | ||||
| Other consumption goods | 18.5 | 24.2 | 16.9 | 17.6 | 9.4 | ||||
| Petroleum products (excluding SNIM) | |||||||||
| Value | 27.0 | 31.4 | 26.7 | 23.6 | 24.7 | ||||
| Change in percent | 43.4 | 16.4 | ‒15.0 | ‒39.1 | 3.6 | ||||
| Volume (thousands of metric tons) | 204.7 | 189.9 | 181.8 | 191.0 | 204.9 | ||||
| Change in percent | ‒12.1 | ‒7.2 | ‒4.3 | 5.0 | 7.3 | ||||
| Unit value (SDR/metric tons) | 131.9 | 165.5 | 147.0 | 123.7 | 120.4 | ||||
| Change in percent | 63.2 | 25.5 | ‒11.2 | ‒15.9 | ‒2.7 | ||||
| Transportation goods and other machinery 2/ | 18.0 | 19.6 | 16.6 | 15.2 | 11.5 | ||||
| Fishing equipment | 7.7 | 10.7 | 4.3 | 4.1 | 5.1 | ||||
| Other imports: | |||||||||
| Settled through the Central Bank | 18.2 | 26.3 | 21.4 | 30.0 | 32.7 | ||||
| Financed through an increase in commercial banks’ liabilities | 5.8 | — | 12.0 | — | |||||
| Of which: fishing boats | — | — | — | — | 17.6 | ||||
| 3. Imports financed directly abroad | 110.0 | 112.7 | 131.0 | 140.6 | 109.4 | ||||
| SNIM external operations account | 61.2 | 69.0 | 69.4 | 60.5 | 43.2 | ||||
| Public investment | 30.0 | 30.1 | 31.9 | 60.3 | 42.0 | ||||
| Of which: SNIM imports | 16.2 | 14.2 | 15.1 | 41.0 | 28.1 | ||||
| Food aid 3/ | 10.6 | 9.1 | 15.1 | 14.8 | 8.5 | ||||
| Red Crescent and other aid | 2.5 | 4.5 | 2.6 | 3.0 | 3.0 | ||||
| Other capital and intermediate goods | — | — | — | 2.0 | 3.5 | ||||
| Other | 5.7 | — | 12.0 | — | 9.2 | ||||
These amounts include adjustments introduced by the Central Bank to the import value of some goods so that such value is recorded on a transaction rather than on a cash basis. To that extent, the amounts shown in the table as imports financed through an increase in commercial banks’ liabilities are underestimated.
From 1990 onwards includes imports for the development of a new gold mine, part of which is directly financed abroad.
Includes cereals and other food aid.
Mauritania: SNIM - External Payments Transactions, 1989–93
(In millions nf ouguiyas)
Net effect on official foreign exchange reserves.
Change in SNIM’s foreign exchange accounts.
Mauritania: SNIM - External Payments Transactions, 1989–93
(In millions nf ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Banking system (BCM settlements) | |||||||||
| Exports | 3,868 | 3,866 | 4,297 | 2,878 | 5,295 | ||||
| Imports | — | — | — | — | — | ||||
| Nonfactor service payments | — | — | — | — | ‒20 | ||||
| Interest payments | ‒69 | ‒17 | — | — | — | ||||
| Private transfers | — | — | ‒25 | ‒16 | — | ||||
| Disbursements | — | — | — | — | — | ||||
| Amortization | — | — | — | — | — | ||||
| Reserve movements 1/ | 3,799 | 3,849 | 4,272 | 2,859 | 5,275 | ||||
| SNIM external accounts | |||||||||
| Exports | 11,395 | 12,449 | 13,294 | 10,175 | 13,910 | ||||
| Imports | ‒6,511 | ‒7,542 | ‒7,732 | ‒7,043 | ‒7,289 | ||||
| Nonfactor service payments | ‒491 | ‒928 | ‒1,064 | ‒1,076 | ‒1,107 | ||||
| Interest payments | ‒1,158 | ‒1,084 | ‒1,256 | ‒1,252 | ‒1,397 | ||||
| Private transfers | ‒496 | ‒585 | ‒187 | ‒179 | ‒210 | ||||
| Amortization | ‒2,487 | ‒2,377 | ‒2,128 | ‒2,855 | ‒3,363 | ||||
| Other | — | — | — | — | ‒323 | ||||
| Reserve movements 2/ | 252 | 31 | 1,384 | ‒2,230 | 221 | ||||
| Transactions directly financed abroad | |||||||||
| Imports | ‒1,726 | ‒1,548 | ‒2,801 | ‒4,412 | ‒4,741 | ||||
| Nonfactor service (payments, -) | ‒400 | ‒230 | ‒60 | ‒736 | ‒1,268 | ||||
| Interest payments | — | — | — | — | — | ||||
| Private transfers | — | — | — | — | — | ||||
| Disbursements | 2,126 | 1,778 | 3,110 | 5,938 | 5,568 | ||||
| Amortization | — | — | — | — | — | ||||
| Reserve movements | — | — | 249 | 690 | ‒441 | ||||
| Total | |||||||||
| Exports | 15,263 | 16,415 | 17,591 | 13,053 | 19,205 | ||||
| Imports | ‒8,237 | ‒9,090 | ‒10,533 | ‒11,555 | ‒12,030 | ||||
| Nonfactor service payments | ‒891 | ‒1,158 | ‒1,124 | ‒1,812 | ‒2,395 | ||||
| Interest payments | ‒1,227 | ‒1,086 | ‒1,256 | ‒1,252 | ‒1,397 | ||||
| Private transfers | ‒496 | ‒602 | ‒212 | ‒195 | ‒210 | ||||
| Disbursements | 2,126 | 1,778 | 3,110 | 5,938 | 5,568 | ||||
| Amortization | ‒2,487 | ‒2,377 | ‒2,128 | ‒2,855 | ‒3,363 | ||||
| Other | — | — | — | — | ‒323 | ||||
| Reserve movements | 4,051 | 3,880 | 5,905 | 1,319 | 5,055 | ||||
Net effect on official foreign exchange reserves.
Change in SNIM’s foreign exchange accounts.
Mauritania: SNIM - External Payments Transactions, 1989–93
(In millions nf ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Banking system (BCM settlements) | |||||||||
| Exports | 3,868 | 3,866 | 4,297 | 2,878 | 5,295 | ||||
| Imports | — | — | — | — | — | ||||
| Nonfactor service payments | — | — | — | — | ‒20 | ||||
| Interest payments | ‒69 | ‒17 | — | — | — | ||||
| Private transfers | — | — | ‒25 | ‒16 | — | ||||
| Disbursements | — | — | — | — | — | ||||
| Amortization | — | — | — | — | — | ||||
| Reserve movements 1/ | 3,799 | 3,849 | 4,272 | 2,859 | 5,275 | ||||
| SNIM external accounts | |||||||||
| Exports | 11,395 | 12,449 | 13,294 | 10,175 | 13,910 | ||||
| Imports | ‒6,511 | ‒7,542 | ‒7,732 | ‒7,043 | ‒7,289 | ||||
| Nonfactor service payments | ‒491 | ‒928 | ‒1,064 | ‒1,076 | ‒1,107 | ||||
| Interest payments | ‒1,158 | ‒1,084 | ‒1,256 | ‒1,252 | ‒1,397 | ||||
| Private transfers | ‒496 | ‒585 | ‒187 | ‒179 | ‒210 | ||||
| Amortization | ‒2,487 | ‒2,377 | ‒2,128 | ‒2,855 | ‒3,363 | ||||
| Other | — | — | — | — | ‒323 | ||||
| Reserve movements 2/ | 252 | 31 | 1,384 | ‒2,230 | 221 | ||||
| Transactions directly financed abroad | |||||||||
| Imports | ‒1,726 | ‒1,548 | ‒2,801 | ‒4,412 | ‒4,741 | ||||
| Nonfactor service (payments, -) | ‒400 | ‒230 | ‒60 | ‒736 | ‒1,268 | ||||
| Interest payments | — | — | — | — | — | ||||
| Private transfers | — | — | — | — | — | ||||
| Disbursements | 2,126 | 1,778 | 3,110 | 5,938 | 5,568 | ||||
| Amortization | — | — | — | — | — | ||||
| Reserve movements | — | — | 249 | 690 | ‒441 | ||||
| Total | |||||||||
| Exports | 15,263 | 16,415 | 17,591 | 13,053 | 19,205 | ||||
| Imports | ‒8,237 | ‒9,090 | ‒10,533 | ‒11,555 | ‒12,030 | ||||
| Nonfactor service payments | ‒891 | ‒1,158 | ‒1,124 | ‒1,812 | ‒2,395 | ||||
| Interest payments | ‒1,227 | ‒1,086 | ‒1,256 | ‒1,252 | ‒1,397 | ||||
| Private transfers | ‒496 | ‒602 | ‒212 | ‒195 | ‒210 | ||||
| Disbursements | 2,126 | 1,778 | 3,110 | 5,938 | 5,568 | ||||
| Amortization | ‒2,487 | ‒2,377 | ‒2,128 | ‒2,855 | ‒3,363 | ||||
| Other | — | — | — | — | ‒323 | ||||
| Reserve movements | 4,051 | 3,880 | 5,905 | 1,319 | 5,055 | ||||
Net effect on official foreign exchange reserves.
Change in SNIM’s foreign exchange accounts.
Mauritania: Direction of Exports, 1989–93 1/
(In millions of SDRs)
Data (c.i.f.) based on partner country information.
Includes unspecified areas.
Includes the FSU and countries of Eastern Europe.
Mauritania: Direction of Exports, 1989–93 1/
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total exports 2/ | 351.8 | 345.8 | 376.9 | 315.3 | 304.4 | ||||
| Industrial countries | 271.9 | 274.6 | 305.1 | 276.2 | 262.8 | ||||
| Belgium—Luxembourg | 36.0 | 69.4 | 38.2 | 28.1 | 24.3 | ||||
| France | 41.4 | 35.4 | 31.8 | 32.8 | 45.1 | ||||
| Germany | 0.4 | 3.0 | 7.9 | 7.2 | 5.0 | ||||
| Italy | 35.7 | 45.7 | 75.9 | 41.1 | 53.7 | ||||
| Japan | 110.5 | 68.2 | 83.5 | 97.9 | 76.6 | ||||
| Spain | 25.1 | 28.1 | 36.3 | 34.8 | 32.9 | ||||
| United Kingdom | 10.5 | 16.1 | 18.0 | 14.6 | 15.0 | ||||
| United States | 7.0 | … | 8.6 | 14.9 | 5.0 | ||||
| Others | 5.3 | 8.7 | 4.9 | 5.2 | 5.2 | ||||
| Developing countries | 42.9 | 31.1 | 28.4 | 37.6 | 39.4 | ||||
| Cameroon | 2.6 | 3.2 | 6.4 | 9.2 | 12.9 | ||||
| Côte d’lvoire | 22.8 | 11.4 | 12.5 | 14.9 | 17.9 | ||||
| Romania | 9.4 | 4.1 | — | — | — | ||||
| Others | 8.1 | 12.4 | 9.5 | 13.5 | 8.6 | ||||
| Other countries 3/ | 37.0 | 40.1 | 43.4 | 15.0 | 2.2 | ||||
Data (c.i.f.) based on partner country information.
Includes unspecified areas.
Includes the FSU and countries of Eastern Europe.
Mauritania: Direction of Exports, 1989–93 1/
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total exports 2/ | 351.8 | 345.8 | 376.9 | 315.3 | 304.4 | ||||
| Industrial countries | 271.9 | 274.6 | 305.1 | 276.2 | 262.8 | ||||
| Belgium—Luxembourg | 36.0 | 69.4 | 38.2 | 28.1 | 24.3 | ||||
| France | 41.4 | 35.4 | 31.8 | 32.8 | 45.1 | ||||
| Germany | 0.4 | 3.0 | 7.9 | 7.2 | 5.0 | ||||
| Italy | 35.7 | 45.7 | 75.9 | 41.1 | 53.7 | ||||
| Japan | 110.5 | 68.2 | 83.5 | 97.9 | 76.6 | ||||
| Spain | 25.1 | 28.1 | 36.3 | 34.8 | 32.9 | ||||
| United Kingdom | 10.5 | 16.1 | 18.0 | 14.6 | 15.0 | ||||
| United States | 7.0 | … | 8.6 | 14.9 | 5.0 | ||||
| Others | 5.3 | 8.7 | 4.9 | 5.2 | 5.2 | ||||
| Developing countries | 42.9 | 31.1 | 28.4 | 37.6 | 39.4 | ||||
| Cameroon | 2.6 | 3.2 | 6.4 | 9.2 | 12.9 | ||||
| Côte d’lvoire | 22.8 | 11.4 | 12.5 | 14.9 | 17.9 | ||||
| Romania | 9.4 | 4.1 | — | — | — | ||||
| Others | 8.1 | 12.4 | 9.5 | 13.5 | 8.6 | ||||
| Other countries 3/ | 37.0 | 40.1 | 43.4 | 15.0 | 2.2 | ||||
Data (c.i.f.) based on partner country information.
Includes unspecified areas.
Includes the FSU and countries of Eastern Europe.
Mauritania: Direction of Imports, 1989–93 1/
(In millions of SDRs)
Data based on partner country information.
Includes unspecified areas.
Includes the FSU and countries of Eastern Europe.
Mauritania: Direction of Imports, 1989–93 1/
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total imports 2/ | 274.1 | 286.1 | 366.9 | 430.3 | 397.5 | ||||
| Industrial countries | 213.5 | 222.7 | 274.8 | 317.8 | 282.9 | ||||
| Belgium—Luxembourg | 6.8 | 23.6 | 31.9 | 20.7 | 23.6 | ||||
| France | 116.8 | 109.9 | 104.3 | 117.5 | 106.7 | ||||
| Germany | 17.6 | 21.8 | 28.8 | 26.2 | 17.2 | ||||
| Italy | 5.1 | 4.4 | 18.5 | 29.7 | 19.3 | ||||
| Japan | 4.5 | 6.7 | 5.0 | 16.3 | 10.0 | ||||
| Netherlands | 15.1 | 9.9 | 9.9 | 10.8 | 32.9 | ||||
| Spain | 22.7 | 17.9 | 41.5 | 34.0 | 34.4 | ||||
| United Kingdom | 2.2 | 3.3 | 3.3 | 4.5 | 10.0 | ||||
| United States | 16.5 | 17.8 | 17.5 | 47.7 | 15.0 | ||||
| Others | 6.2 | 7.4 | 14.1 | 10.4 | 13.8 | ||||
| Developing countries | 50.7 | 49.7 | 78.2 | 98.0 | 98.1 | ||||
| Algeria | 10.6 | 14.5 | 24.1 | 25.6 | 30.1 | ||||
| Brazil | 2.8 | 2.8 | 4.4 | 1.5 | 1.4 | ||||
| China, P.R. | 13.1 | 14.2 | 6.9 | 11.5 | 3.6 | ||||
| Côte d’lvoire | 0.1 | 0.9 | 0.9 | 4.3 | 5.0 | ||||
| Hong Kong | 0.1 | 0.4 | 3.1 | 7.8 | 6.7 | ||||
| Indonesia | 0.4 | 0.1 | 3.8 | 5.7 | 9.3 | ||||
| Korea | 0.2 | 0.1 | 2.2 | 0.9 | — | ||||
| Senegal | 1.2 | — | — | — | — | ||||
| Thailand | 14.3 | 4.6 | 7.3 | 11.2 | 6.4 | ||||
| Others | 7.9 | 12.2 | 25.5 | 29.5 | 35.6 | ||||
| Other countries 3/ | 9.9 | 13.7 | 13.9 | 14.5 | 16.5 | ||||
Data based on partner country information.
Includes unspecified areas.
Includes the FSU and countries of Eastern Europe.
Mauritania: Direction of Imports, 1989–93 1/
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total imports 2/ | 274.1 | 286.1 | 366.9 | 430.3 | 397.5 | ||||
| Industrial countries | 213.5 | 222.7 | 274.8 | 317.8 | 282.9 | ||||
| Belgium—Luxembourg | 6.8 | 23.6 | 31.9 | 20.7 | 23.6 | ||||
| France | 116.8 | 109.9 | 104.3 | 117.5 | 106.7 | ||||
| Germany | 17.6 | 21.8 | 28.8 | 26.2 | 17.2 | ||||
| Italy | 5.1 | 4.4 | 18.5 | 29.7 | 19.3 | ||||
| Japan | 4.5 | 6.7 | 5.0 | 16.3 | 10.0 | ||||
| Netherlands | 15.1 | 9.9 | 9.9 | 10.8 | 32.9 | ||||
| Spain | 22.7 | 17.9 | 41.5 | 34.0 | 34.4 | ||||
| United Kingdom | 2.2 | 3.3 | 3.3 | 4.5 | 10.0 | ||||
| United States | 16.5 | 17.8 | 17.5 | 47.7 | 15.0 | ||||
| Others | 6.2 | 7.4 | 14.1 | 10.4 | 13.8 | ||||
| Developing countries | 50.7 | 49.7 | 78.2 | 98.0 | 98.1 | ||||
| Algeria | 10.6 | 14.5 | 24.1 | 25.6 | 30.1 | ||||
| Brazil | 2.8 | 2.8 | 4.4 | 1.5 | 1.4 | ||||
| China, P.R. | 13.1 | 14.2 | 6.9 | 11.5 | 3.6 | ||||
| Côte d’lvoire | 0.1 | 0.9 | 0.9 | 4.3 | 5.0 | ||||
| Hong Kong | 0.1 | 0.4 | 3.1 | 7.8 | 6.7 | ||||
| Indonesia | 0.4 | 0.1 | 3.8 | 5.7 | 9.3 | ||||
| Korea | 0.2 | 0.1 | 2.2 | 0.9 | — | ||||
| Senegal | 1.2 | — | — | — | — | ||||
| Thailand | 14.3 | 4.6 | 7.3 | 11.2 | 6.4 | ||||
| Others | 7.9 | 12.2 | 25.5 | 29.5 | 35.6 | ||||
| Other countries 3/ | 9.9 | 13.7 | 13.9 | 14.5 | 16.5 | ||||
Data based on partner country information.
Includes unspecified areas.
Includes the FSU and countries of Eastern Europe.
Mauritania: Services, 1989–93
(In millions nf SPRs)
Mauritania: Services, 1989–93
(In millions nf SPRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total services (net) | ‒166.2 | ‒163.7 | 149.1 | ‒152.2 | ‒160.1 | ||||
| Nonfactor services (net) | ‒119.2 | ‒120.2 | ‒104.3 | ‒104.9 | ‒111.0 | ||||
| Receipts | 39.9 | 37.6 | 46.5 | 34.1 | 23.5 | ||||
| Transport | 4.7 | 3.6 | 5.6 | 1.6 | 1.8 | ||||
| Travel | 9.9 | 5.7 | 7.9 | 4.7 | 4.2 | ||||
| Fishing royalties | 11.8 | 15.5 | 12.1 | 11.7 | 9.6 | ||||
| Government | 8.8 | 8.0 | 13.1 | 8.3 | 5.2 | ||||
| Other services | 4.7 | 4.8 | 7.8 | 7.8 | 3.1 | ||||
| Payments | ‒159.0 | ‒157.8 | ‒150.8 | ‒138.9 | ‒134.9 | ||||
| Freight and insurance | ‒24.5 | ‒29.0 | ‒25.6 | ‒23.4 | ‒24.6 | ||||
| Travel | ‒20.4 | ‒16.0 | ‒12.7 | ‒15.6 | ‒10.7 | ||||
| Transport | ‒53.8 | ‒43.9 | ‒36.5 | ‒43.9 | ‒412 | ||||
| Fishing vessel leasing | ‒46.2 | ‒35.5 | ‒28.3 | ‒33.7 | ‒30.5 | ||||
| Other | ‒7.6 | ‒8.4 | ‒8.2 | ‒10.2 | ‒10.7 | ||||
| Government | ‒6.3 | ‒12.6 | ‒13.1 | ‒11.7 | ‒14.4 | ||||
| Other payments | ‒54.0 | ‒56.5 | ‒62.9 | ‒44.4 | ‒44.0 | ||||
| Related to the fishing sector | ‒34.7 | ‒29.3 | ‒25.6 | ‒25.6 | ‒10.9 | ||||
| Related to projects | ‒9.7 | ‒14.0 | ‒15.4 | ‒10.7 | ‒7.8 | ||||
| Other | ‒9.6 | ‒13.2 | ‒21.9 | ‒8.0 | ‒25.3 | ||||
| Factor services (net) | ‒47.1 | ‒43.5 | ‒44.7 | ‒47.4 | ‒49.2 | ||||
| Receipts | 4.4 | 2.7 | 1.9 | 3.2 | 0.5 | ||||
| Payments doe | ‒51.4 | ‒46.2 | ‒46.6 | ‒50.6 | ‒49.7 | ||||
| Direct investment income | ‒0.3 | ‒0.3 | ‒0.3 | ‒2.2 | ‒3.0 | ||||
| Interest on medium-and long-term debt | ‒51.1 | ‒45.9 | ‒46.3 | ‒48.4 | 46.7 | ||||
| Of which: IMF | ‒3.5 | ‒3.0 | ‒2.1 | ‒1.3 | ‒1.2 | ||||
Mauritania: Services, 1989–93
(In millions nf SPRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total services (net) | ‒166.2 | ‒163.7 | 149.1 | ‒152.2 | ‒160.1 | ||||
| Nonfactor services (net) | ‒119.2 | ‒120.2 | ‒104.3 | ‒104.9 | ‒111.0 | ||||
| Receipts | 39.9 | 37.6 | 46.5 | 34.1 | 23.5 | ||||
| Transport | 4.7 | 3.6 | 5.6 | 1.6 | 1.8 | ||||
| Travel | 9.9 | 5.7 | 7.9 | 4.7 | 4.2 | ||||
| Fishing royalties | 11.8 | 15.5 | 12.1 | 11.7 | 9.6 | ||||
| Government | 8.8 | 8.0 | 13.1 | 8.3 | 5.2 | ||||
| Other services | 4.7 | 4.8 | 7.8 | 7.8 | 3.1 | ||||
| Payments | ‒159.0 | ‒157.8 | ‒150.8 | ‒138.9 | ‒134.9 | ||||
| Freight and insurance | ‒24.5 | ‒29.0 | ‒25.6 | ‒23.4 | ‒24.6 | ||||
| Travel | ‒20.4 | ‒16.0 | ‒12.7 | ‒15.6 | ‒10.7 | ||||
| Transport | ‒53.8 | ‒43.9 | ‒36.5 | ‒43.9 | ‒412 | ||||
| Fishing vessel leasing | ‒46.2 | ‒35.5 | ‒28.3 | ‒33.7 | ‒30.5 | ||||
| Other | ‒7.6 | ‒8.4 | ‒8.2 | ‒10.2 | ‒10.7 | ||||
| Government | ‒6.3 | ‒12.6 | ‒13.1 | ‒11.7 | ‒14.4 | ||||
| Other payments | ‒54.0 | ‒56.5 | ‒62.9 | ‒44.4 | ‒44.0 | ||||
| Related to the fishing sector | ‒34.7 | ‒29.3 | ‒25.6 | ‒25.6 | ‒10.9 | ||||
| Related to projects | ‒9.7 | ‒14.0 | ‒15.4 | ‒10.7 | ‒7.8 | ||||
| Other | ‒9.6 | ‒13.2 | ‒21.9 | ‒8.0 | ‒25.3 | ||||
| Factor services (net) | ‒47.1 | ‒43.5 | ‒44.7 | ‒47.4 | ‒49.2 | ||||
| Receipts | 4.4 | 2.7 | 1.9 | 3.2 | 0.5 | ||||
| Payments doe | ‒51.4 | ‒46.2 | ‒46.6 | ‒50.6 | ‒49.7 | ||||
| Direct investment income | ‒0.3 | ‒0.3 | ‒0.3 | ‒2.2 | ‒3.0 | ||||
| Interest on medium-and long-term debt | ‒51.1 | ‒45.9 | ‒46.3 | ‒48.4 | 46.7 | ||||
| Of which: IMF | ‒3.5 | ‒3.0 | ‒2.1 | ‒1.3 | ‒1.2 | ||||
Mauritania: External Transactions of the Fishing Sector, 1989–93
(In millions of ouguiyas)
Nonrepatriated export earnings cover expenditures abroad for chartering of ships, and other services.
Excludes oil products, which are bought locally.
Equal to imports without payments through the domestic banking system minus nonrepatriated exports. In 1989 and 1990, repatriated earnings appear to include earnings on exports of previous years, causing nonrepatriated earnings to be positive.
Mauritania: External Transactions of the Fishing Sector, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Receipts | 23,142 | 19,545 | 20,692 | 22,286 | 27,365 | ||||
| Exports | 21,346 | 17,315 | 18,847 | 21,154 | 26,656 | ||||
| Of which: repatriated 1/ | 16,948 | 14,241 | 13,790 | 18,249 | 21,443 | ||||
| Royalties | 1,225 | 1,730 | 1,367 | 1,132 | 709 | ||||
| Other services | 571 | 500 | 478 | — | — | ||||
| Payments | 10,844 | 9,856 | 7,380 | 7,644 | 10,003 | ||||
| Imports 2/ | 2,371 | 2,883 | 1,331 | 1,103 | 1,001 | ||||
| Chartering of ships | 4,775 | 3,697 | 3,748 | 4,436 | 6,127 | ||||
| Other services | 3,695 | 3,276 | 2,301 | 2,105 | 2,875 | ||||
| Effect on current account | 12,299 | 9,689 | 13,313 | 14,642 | 17,362 | ||||
| (in percent of receipts) | 53.1 | 49.6 | 64.3 | 65.7 | 63.4 | ||||
| Capital transactions | ‒491 | ‒405 | ‒1,646 | 1,173 | 860 | ||||
| Commercial credits (net) | ‒862 | ‒1,028 | — | — | 185 | ||||
| Nonrepatriated earnings 3/ | 371 | 623 | ‒1,646 | 1,173 | 675 | ||||
| Net effect | 11,807 | 9,284 | 11,667 | 15,815 | 16,302 | ||||
| (In percent of receipts) | 51.0 | 47.1 | 56.4 | 71.0 | 60.3 | ||||
Nonrepatriated export earnings cover expenditures abroad for chartering of ships, and other services.
Excludes oil products, which are bought locally.
Equal to imports without payments through the domestic banking system minus nonrepatriated exports. In 1989 and 1990, repatriated earnings appear to include earnings on exports of previous years, causing nonrepatriated earnings to be positive.
Mauritania: External Transactions of the Fishing Sector, 1989–93
(In millions of ouguiyas)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Receipts | 23,142 | 19,545 | 20,692 | 22,286 | 27,365 | ||||
| Exports | 21,346 | 17,315 | 18,847 | 21,154 | 26,656 | ||||
| Of which: repatriated 1/ | 16,948 | 14,241 | 13,790 | 18,249 | 21,443 | ||||
| Royalties | 1,225 | 1,730 | 1,367 | 1,132 | 709 | ||||
| Other services | 571 | 500 | 478 | — | — | ||||
| Payments | 10,844 | 9,856 | 7,380 | 7,644 | 10,003 | ||||
| Imports 2/ | 2,371 | 2,883 | 1,331 | 1,103 | 1,001 | ||||
| Chartering of ships | 4,775 | 3,697 | 3,748 | 4,436 | 6,127 | ||||
| Other services | 3,695 | 3,276 | 2,301 | 2,105 | 2,875 | ||||
| Effect on current account | 12,299 | 9,689 | 13,313 | 14,642 | 17,362 | ||||
| (in percent of receipts) | 53.1 | 49.6 | 64.3 | 65.7 | 63.4 | ||||
| Capital transactions | ‒491 | ‒405 | ‒1,646 | 1,173 | 860 | ||||
| Commercial credits (net) | ‒862 | ‒1,028 | — | — | 185 | ||||
| Nonrepatriated earnings 3/ | 371 | 623 | ‒1,646 | 1,173 | 675 | ||||
| Net effect | 11,807 | 9,284 | 11,667 | 15,815 | 16,302 | ||||
| (In percent of receipts) | 51.0 | 47.1 | 56.4 | 71.0 | 60.3 | ||||
Nonrepatriated export earnings cover expenditures abroad for chartering of ships, and other services.
Excludes oil products, which are bought locally.
Equal to imports without payments through the domestic banking system minus nonrepatriated exports. In 1989 and 1990, repatriated earnings appear to include earnings on exports of previous years, causing nonrepatriated earnings to be positive.
Mauritania: Private and Public Transfers, 1969–93
(In millions of SDRs)
Transfers from Mauritanian workers abroad.
Canceled future principal payments.
Mauritania: Private and Public Transfers, 1969–93
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total transfers (net) | 204.5 | 54.7 | 49.8 | 85.1 | 75.3 | ||||
| Private transfers (net) | ‒18.5 | ‒10.3 | ‒11.3 | 19.3 | ‒0.8 | ||||
| Receipts | 6.4 | 12.2 | 8.6 | 40.9 | 20.6 | ||||
| Nonresidents 1/ | 3.7 | 10.1 | 6.3 | 37.6 | 15.1 | ||||
| Technical assistants | 0.7 | 0.4 | 0.2 | 0.2 | 1.1 | ||||
| Others | 1.9 | 1.7 | 2.1 | 3.1 | 4.4 | ||||
| Payments | ‒24.9 | ‒22.5 | ‒19.9 | ‒21.6 | ‒21.4 | ||||
| With payments by Central Bank | ‒3.7 | ‒2.7 | ‒2.7 | ‒2.5 | ‒1.2 | ||||
| Nonresidents 1/ | ‒0.2 | ‒0.1 | ‒0.4 | — | ‒0.7 | ||||
| Technical assistants | ‒3.1 | ‒2.1 | ‒1.7 | ‒1.8 | — | ||||
| Others | ‒0.4 | ‒0.5 | ‒0.5 | ‒0.6 | ‒0.5 | ||||
| Without payments by Central Bank | ‒21.2 | ‒19.7 | ‒17.2 | ‒19.2 | ‒18.9 | ||||
| Nonresident technical assistants | ‒18.3 | ‒16.0 | ‒15.3 | ‒17.7 | ‒17.7 | ||||
| Others (SNIM’s own assets) | ‒4.7 | ‒3.7 | ‒1.9 | ‒1.5 | ‒1.3 | ||||
| Public transfers (net) | 223.0 | 65.0 | 60.7 | 65.8 | 76.1 | ||||
| Receipts | 224.4 | 66.8 | 60.7 | 67.0 | 78.1 | ||||
| Program-related | 3.5 | 5.1 | 3.9 | 13.9 | 15.6 | ||||
| Public investment-related | 19.7 | 15.6 | 16.0 | 14.6 | 14.6 | ||||
| With payments | 11.8 | 7.0 | 7.2 | 6.6 | 6.6 | ||||
| Without payments (direct financing) | 7.9 | 8.6 | 8.8 | 8.0 | 8.0 | ||||
| Food aid, c.i.f. | 12.3 | 10.6 | 16.3 | 16.8 | 9.4 | ||||
| Red Crescent aid, c.i.f. | 2.9 | 2.9 | 2.7 | 2.5 | 2.5 | ||||
| Other grants | 44.7 | 32.6 | 21.9 | 19.2 | 19.2 | ||||
| Debt forgiveness 2/ | 141.3 | — | — | — | — | ||||
| Payments | ‒1.4 | ‒1.7 | — | ‒1.2 | ‒2.0 | ||||
Transfers from Mauritanian workers abroad.
Canceled future principal payments.
Mauritania: Private and Public Transfers, 1969–93
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total transfers (net) | 204.5 | 54.7 | 49.8 | 85.1 | 75.3 | ||||
| Private transfers (net) | ‒18.5 | ‒10.3 | ‒11.3 | 19.3 | ‒0.8 | ||||
| Receipts | 6.4 | 12.2 | 8.6 | 40.9 | 20.6 | ||||
| Nonresidents 1/ | 3.7 | 10.1 | 6.3 | 37.6 | 15.1 | ||||
| Technical assistants | 0.7 | 0.4 | 0.2 | 0.2 | 1.1 | ||||
| Others | 1.9 | 1.7 | 2.1 | 3.1 | 4.4 | ||||
| Payments | ‒24.9 | ‒22.5 | ‒19.9 | ‒21.6 | ‒21.4 | ||||
| With payments by Central Bank | ‒3.7 | ‒2.7 | ‒2.7 | ‒2.5 | ‒1.2 | ||||
| Nonresidents 1/ | ‒0.2 | ‒0.1 | ‒0.4 | — | ‒0.7 | ||||
| Technical assistants | ‒3.1 | ‒2.1 | ‒1.7 | ‒1.8 | — | ||||
| Others | ‒0.4 | ‒0.5 | ‒0.5 | ‒0.6 | ‒0.5 | ||||
| Without payments by Central Bank | ‒21.2 | ‒19.7 | ‒17.2 | ‒19.2 | ‒18.9 | ||||
| Nonresident technical assistants | ‒18.3 | ‒16.0 | ‒15.3 | ‒17.7 | ‒17.7 | ||||
| Others (SNIM’s own assets) | ‒4.7 | ‒3.7 | ‒1.9 | ‒1.5 | ‒1.3 | ||||
| Public transfers (net) | 223.0 | 65.0 | 60.7 | 65.8 | 76.1 | ||||
| Receipts | 224.4 | 66.8 | 60.7 | 67.0 | 78.1 | ||||
| Program-related | 3.5 | 5.1 | 3.9 | 13.9 | 15.6 | ||||
| Public investment-related | 19.7 | 15.6 | 16.0 | 14.6 | 14.6 | ||||
| With payments | 11.8 | 7.0 | 7.2 | 6.6 | 6.6 | ||||
| Without payments (direct financing) | 7.9 | 8.6 | 8.8 | 8.0 | 8.0 | ||||
| Food aid, c.i.f. | 12.3 | 10.6 | 16.3 | 16.8 | 9.4 | ||||
| Red Crescent aid, c.i.f. | 2.9 | 2.9 | 2.7 | 2.5 | 2.5 | ||||
| Other grants | 44.7 | 32.6 | 21.9 | 19.2 | 19.2 | ||||
| Debt forgiveness 2/ | 141.3 | — | — | — | — | ||||
| Payments | ‒1.4 | ‒1.7 | — | ‒1.2 | ‒2.0 | ||||
Transfers from Mauritanian workers abroad.
Canceled future principal payments.
Mauritania: External Debt and Debt Service, 1989–93
Excluding debt cancellation in 1989.
Including overdue external liabilities of the banking system.
Mauritania: External Debt and Debt Service, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of SDKs) | |||||||||
| Total debt service due (including IMF) | 146.2 | 124.4 | 127.8 | 140.9 | 139.8 | ||||
| Principal due (excluding Fund repurchases) 1/ | 87.6 | 67.3 | 71.9 | 81.7 | 82.0 | ||||
| Interest due (excluding Fund) | 47.6 | 42.9 | 44.2 | 47.1 | 45.5 | ||||
| Fund repurchases | 7.4 | 11.2 | 9.6 | 6.0 | 4.4 | ||||
| Fund charges | 3.5 | 3.0 | 2.1 | 1.3 | 1.2 | ||||
| Disbursements of medium- and long-term loans | 90.6 | 73.2 | 53.4 | 93.6 | 96.2 | ||||
| Project loans | 41.7 | 42.3 | 40.7 | 75.5 | 54.9 | ||||
| Program loans | 21.0 | 22.4 | 12.8 | 9.2 | 32.8 | ||||
| Fund purchases/loans | 8.5 | 8.5 | — | 8.5 | 8.5 | ||||
| Debt outstanding at end of year | 1,595.6 | 1,580.2 | 1,569.8 | 1,552.2 | 1,562.0 | ||||
| Medium- and long-term loans | 1,410.9 | 1,392.1 | 1,397.2 | 1,385.3 | 1,429.0 | ||||
| Fund credit and loans outstanding | 52.3 | 49.2 | 39.5 | 42.0 | 46.1 | ||||
| Short-term credit 2/ | 132.4 | 138.9 | 133.1 | 124.9 | 86.9 | ||||
| (As percentage of exports of goods and services) | |||||||||
| Total debt service (before relief) 1/ | 37.2 | 35.4 | 34.7 | 41.8 | 44.3 | ||||
| Interest and charges | 13.0 | 13.1 | 12.6 | 14.6 | 15.0 | ||||
| Of which: Fund charges | 0.9 | 0.9 | 0.6 | 0.4 | 0.4 | ||||
| Principal and repurchases | 24.2 | 22.3 | 22.1 | 26.4 | 27.8 | ||||
| Of which: Fund repurchases | 1.9 | 3.2 | 2.6 | 1.8 | 1.4 | ||||
| Total debt service (after debt relief) | 28.2 | 31.2 | 34.7 | 40.7 | 30.4 | ||||
| (As percent of GDP) | |||||||||
| Debt outstanding | 172.4 | 191.6 | 179.0 | 183.6 | 230.1 | ||||
Excluding debt cancellation in 1989.
Including overdue external liabilities of the banking system.
Mauritania: External Debt and Debt Service, 1989–93
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| (In millions of SDKs) | |||||||||
| Total debt service due (including IMF) | 146.2 | 124.4 | 127.8 | 140.9 | 139.8 | ||||
| Principal due (excluding Fund repurchases) 1/ | 87.6 | 67.3 | 71.9 | 81.7 | 82.0 | ||||
| Interest due (excluding Fund) | 47.6 | 42.9 | 44.2 | 47.1 | 45.5 | ||||
| Fund repurchases | 7.4 | 11.2 | 9.6 | 6.0 | 4.4 | ||||
| Fund charges | 3.5 | 3.0 | 2.1 | 1.3 | 1.2 | ||||
| Disbursements of medium- and long-term loans | 90.6 | 73.2 | 53.4 | 93.6 | 96.2 | ||||
| Project loans | 41.7 | 42.3 | 40.7 | 75.5 | 54.9 | ||||
| Program loans | 21.0 | 22.4 | 12.8 | 9.2 | 32.8 | ||||
| Fund purchases/loans | 8.5 | 8.5 | — | 8.5 | 8.5 | ||||
| Debt outstanding at end of year | 1,595.6 | 1,580.2 | 1,569.8 | 1,552.2 | 1,562.0 | ||||
| Medium- and long-term loans | 1,410.9 | 1,392.1 | 1,397.2 | 1,385.3 | 1,429.0 | ||||
| Fund credit and loans outstanding | 52.3 | 49.2 | 39.5 | 42.0 | 46.1 | ||||
| Short-term credit 2/ | 132.4 | 138.9 | 133.1 | 124.9 | 86.9 | ||||
| (As percentage of exports of goods and services) | |||||||||
| Total debt service (before relief) 1/ | 37.2 | 35.4 | 34.7 | 41.8 | 44.3 | ||||
| Interest and charges | 13.0 | 13.1 | 12.6 | 14.6 | 15.0 | ||||
| Of which: Fund charges | 0.9 | 0.9 | 0.6 | 0.4 | 0.4 | ||||
| Principal and repurchases | 24.2 | 22.3 | 22.1 | 26.4 | 27.8 | ||||
| Of which: Fund repurchases | 1.9 | 3.2 | 2.6 | 1.8 | 1.4 | ||||
| Total debt service (after debt relief) | 28.2 | 31.2 | 34.7 | 40.7 | 30.4 | ||||
| (As percent of GDP) | |||||||||
| Debt outstanding | 172.4 | 191.6 | 179.0 | 183.6 | 230.1 | ||||
Excluding debt cancellation in 1989.
Including overdue external liabilities of the banking system.
Mauritania: Average Terms of Contracted Debt, 1989–93
(In percent, unless otherwise indicated)
Mauritania: Average Terms of Contracted Debt, 1989–93
(In percent, unless otherwise indicated)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total external debt | |||||||||
| Interest rate | 2.9 | 3.1 | 2.0 | 1.5 | 1.8 | ||||
| Maturity (years) | 26.6 | 29.7 | 24.9 | 31.7 | 30.0 | ||||
| Grace period (years) | 7.5 | 8.4 | 8.5 | 8.0 | 9.1 | ||||
| Grant element | 53.4 | 56.1 | 60.2 | 66.9 | 65.0 | ||||
| Multilateral loans | |||||||||
| Interest rate | 3.1 | 3.7 | 2.3 | 1.5 | 1.8 | ||||
| Maturity (years) | 26.4 | 30.3 | 26.8 | 32.7 | 33.2 | ||||
| Grace period (years) | 7.2 | 8.1 | 8.8 | 8.1 | 10.1 | ||||
| Grant element | 51.9 | 52.3 | 59.5 | 67.9 | 66.8 | ||||
| Bilateral loans | |||||||||
| Interest rate | 2.0 | 1.5 | 0.8 | 2.0 | 1.7 | ||||
| Maturity (years) | 28.2 | 27.9 | 17.6 | 17.8 | 23.7 | ||||
| Grace period (years) | 9.9 | 9.1 | 7.6 | 6.3 | 7.1 | ||||
| Grant element | 64.5 | 67.1 | 62.7 | 53.0 | 61.5 | ||||
| Memorandum item: | |||||||||
| One-year US$ London interbank offered rate (LIBOR) | 9.3 | 8.5 | 6.3 | 4.2 | 3.6 | ||||
Mauritania: Average Terms of Contracted Debt, 1989–93
(In percent, unless otherwise indicated)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total external debt | |||||||||
| Interest rate | 2.9 | 3.1 | 2.0 | 1.5 | 1.8 | ||||
| Maturity (years) | 26.6 | 29.7 | 24.9 | 31.7 | 30.0 | ||||
| Grace period (years) | 7.5 | 8.4 | 8.5 | 8.0 | 9.1 | ||||
| Grant element | 53.4 | 56.1 | 60.2 | 66.9 | 65.0 | ||||
| Multilateral loans | |||||||||
| Interest rate | 3.1 | 3.7 | 2.3 | 1.5 | 1.8 | ||||
| Maturity (years) | 26.4 | 30.3 | 26.8 | 32.7 | 33.2 | ||||
| Grace period (years) | 7.2 | 8.1 | 8.8 | 8.1 | 10.1 | ||||
| Grant element | 51.9 | 52.3 | 59.5 | 67.9 | 66.8 | ||||
| Bilateral loans | |||||||||
| Interest rate | 2.0 | 1.5 | 0.8 | 2.0 | 1.7 | ||||
| Maturity (years) | 28.2 | 27.9 | 17.6 | 17.8 | 23.7 | ||||
| Grace period (years) | 9.9 | 9.1 | 7.6 | 6.3 | 7.1 | ||||
| Grant element | 64.5 | 67.1 | 62.7 | 53.0 | 61.5 | ||||
| Memorandum item: | |||||||||
| One-year US$ London interbank offered rate (LIBOR) | 9.3 | 8.5 | 6.3 | 4.2 | 3.6 | ||||
Mauritania: Medium-and Long-Term Debt by Creditor, 1989–93 1/
(In millions of SDRs: end of period)
Debt outstanding and disbursed only.
Includes suppliers’ credits, loans from financial institutions, export credits, and bilateral loans.
AFESD, Arab Fund for Economic and Social Development.
Includes Trust Fund and use of Fund resources.
Mauritania: Medium-and Long-Term Debt by Creditor, 1989–93 1/
(In millions of SDRs: end of period)
| Est. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| Total external debt | 1,463.2 | 1,441.3 | 1,436.7 | 1,399.6 | 1,473.1 | ||||
| Bilateral loans 2/ | 988.0 | 949.9 | 944.9 | 837.4 | 880.7 | ||||
| Algeria | 85.9 | 81.2 | 80.5 | 80.2 | 80.7 | ||||
| Austria | 97.2 | 87.6 | 86.9 | 66.3 | 69.9 | ||||
| China, P.R. | 67.8 | 63.4 | 61.0 | 59.6 | 56.8 | ||||
| France | 114.6 | 116.1 | 119.0 | 78.5 | 83.8 | ||||
| Federal Republic of Germany | 7.4 | 7.7 | 7.1 | 5.2 | 4.5 | ||||
| Japan | 18.3 | 17.9 | 17.9 | 16.7 | 47.4 | ||||
| Netherlands | 34.0 | 28.3 | 27.8 | 22.0 | 25.3 | ||||
| Saudi Arabia | 146.8 | 136.9 | 135.7 | 135.4 | 133.5 | ||||
| Spain | 27.1 | 24.0 | 23.0 | 23.1 | 28.3 | ||||
| United Arab Emirates | 24.0 | 21.0 | 20.3 | 19.6 | 19.0 | ||||
| Others | 365.0 | 365.9 | 365.7 | 330.8 | 331.5 | ||||
| Multilateral loans | 475.2 | 491.4 | 491.8 | 562.2 | 592.4 | ||||
| African Development Bank | 16.3 | 17.0 | 15.1 | 39.9 | 49.1 | ||||
| African Development Fund | 41.9 | 49.8 | 59.7 | 76.4 | 80.1 | ||||
| AFESD 3/ | 87.1 | 84.5 | 88.1 | 77.7 | 92.9 | ||||
| Arab Monetary Fund | 25.0 | 10.2 | 10.2 | 35.7 | 25.3 | ||||
| European Investment Bank | 22.9 | 22.1 | 18.6 | 59.3 | 57.4 | ||||
| IBRD | 47.4 | 39.8 | 31.7 | 22.0 | 13.9 | ||||
| IDA | 124.6 | 154.4 | 163.5 | 166.2 | 186.6 | ||||
| IMF 4/ | 52.3 | 49.2 | 39.5 | 42.0 | 46.1 | ||||
| Islamic Development Bank | 20.3 | 20.5 | 19.5 | 19.2 | 17.0 | ||||
| OPEC Special Fund | 16.3 | 12.6 | 12.2 | 10.3 | 9.3 | ||||
| Others | 21.1 | 31.1 | 33.7 | 13.3 | 14.7 | ||||
Debt outstanding and disbursed only.
Includes suppliers’ credits, loans from financial institutions, export credits, and bilateral loans.
AFESD, Arab Fund for Economic and Social Development.
Includes Trust Fund and use of Fund resources.
Mauritania: Medium-and Long-Term Debt by Creditor, 1989–93 1/
(In millions of SDRs: end of period)
| Est. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
| Total external debt | 1,463.2 | 1,441.3 | 1,436.7 | 1,399.6 | 1,473.1 | ||||
| Bilateral loans 2/ | 988.0 | 949.9 | 944.9 | 837.4 | 880.7 | ||||
| Algeria | 85.9 | 81.2 | 80.5 | 80.2 | 80.7 | ||||
| Austria | 97.2 | 87.6 | 86.9 | 66.3 | 69.9 | ||||
| China, P.R. | 67.8 | 63.4 | 61.0 | 59.6 | 56.8 | ||||
| France | 114.6 | 116.1 | 119.0 | 78.5 | 83.8 | ||||
| Federal Republic of Germany | 7.4 | 7.7 | 7.1 | 5.2 | 4.5 | ||||
| Japan | 18.3 | 17.9 | 17.9 | 16.7 | 47.4 | ||||
| Netherlands | 34.0 | 28.3 | 27.8 | 22.0 | 25.3 | ||||
| Saudi Arabia | 146.8 | 136.9 | 135.7 | 135.4 | 133.5 | ||||
| Spain | 27.1 | 24.0 | 23.0 | 23.1 | 28.3 | ||||
| United Arab Emirates | 24.0 | 21.0 | 20.3 | 19.6 | 19.0 | ||||
| Others | 365.0 | 365.9 | 365.7 | 330.8 | 331.5 | ||||
| Multilateral loans | 475.2 | 491.4 | 491.8 | 562.2 | 592.4 | ||||
| African Development Bank | 16.3 | 17.0 | 15.1 | 39.9 | 49.1 | ||||
| African Development Fund | 41.9 | 49.8 | 59.7 | 76.4 | 80.1 | ||||
| AFESD 3/ | 87.1 | 84.5 | 88.1 | 77.7 | 92.9 | ||||
| Arab Monetary Fund | 25.0 | 10.2 | 10.2 | 35.7 | 25.3 | ||||
| European Investment Bank | 22.9 | 22.1 | 18.6 | 59.3 | 57.4 | ||||
| IBRD | 47.4 | 39.8 | 31.7 | 22.0 | 13.9 | ||||
| IDA | 124.6 | 154.4 | 163.5 | 166.2 | 186.6 | ||||
| IMF 4/ | 52.3 | 49.2 | 39.5 | 42.0 | 46.1 | ||||
| Islamic Development Bank | 20.3 | 20.5 | 19.5 | 19.2 | 17.0 | ||||
| OPEC Special Fund | 16.3 | 12.6 | 12.2 | 10.3 | 9.3 | ||||
| Others | 21.1 | 31.1 | 33.7 | 13.3 | 14.7 | ||||
Debt outstanding and disbursed only.
Includes suppliers’ credits, loans from financial institutions, export credits, and bilateral loans.
AFESD, Arab Fund for Economic and Social Development.
Includes Trust Fund and use of Fund resources.
Mauritania: Medium–and Long–Term Debt by Debtor, 1989–93
(In millions of SDRs)
AFARCO, African-Arab Construction Company; ALMAP, Algéro– Mauritanienne de Pêche; OPT, Office des Postes et Télécommunications; SALIMAUREM, Société Arab-Libyo-Mauritanienne des Ressources Maritimes; SAMIA, Société Arabe des Industries Métallurgiques; SOCOGIM, Société de Construction et de Gestion Immobiliére en Mauritanie; SONELEC, Société Nationale d’Eau et d’Electricité; SNIM, Société Nationale Industrielle et Miniére.
Mauritania: Medium–and Long–Term Debt by Debtor, 1989–93
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total external debt | 1,463.2 | 1,441.3 | 1,436.7 | 1,399.6 | 1,473.1 | ||||
| Central Government | 1,045.7 | 1,090.3 | 1,110.7 | 1,021.1 | 1,113.4 | ||||
| Central Bank | 144.1 | 124.6 | 115.6 | 140.5 | 134.2 | ||||
| Development and primary banks | 2.9 | 1.8 | 0.9 | 1.7 | — | ||||
| Public enterprises 1/ | 270.5 | 224.6 | 209.6 | 236.4 | 225.6 | ||||
| AFARCO | 2.2 | 2.1 | 2.1 | 1.9 | 1.9 | ||||
| Air Mauritania | 3.6 | 3.0 | 2.9 | 2.7 | — | ||||
| ALMAP | 11.5 | 10.9 | 10.8 | 10.7 | 10.7 | ||||
| OPT | 8.4 | 5.1 | 4.8 | 5.1 | 3.7 | ||||
| SAMIA | 0.3 | 0.3 | 0.3 | 0.3 | — | ||||
| SOCOGIM | 0.2 | 0.2 | 0.2 | — | — | ||||
| SONELEC | 44.5 | 36.2 | 35.2 | 42.8 | 37.3 | ||||
| Société Mauritanienne d’Armement et Pêche | 2.6 | 2.8 | 2.8 | 2.6 | — | ||||
| SNIM | 197.3 | 164.1 | 150.5 | 170.2 | 169.5 | ||||
| Other | — | — | — | — | 2.4 | ||||
AFARCO, African-Arab Construction Company; ALMAP, Algéro– Mauritanienne de Pêche; OPT, Office des Postes et Télécommunications; SALIMAUREM, Société Arab-Libyo-Mauritanienne des Ressources Maritimes; SAMIA, Société Arabe des Industries Métallurgiques; SOCOGIM, Société de Construction et de Gestion Immobiliére en Mauritanie; SONELEC, Société Nationale d’Eau et d’Electricité; SNIM, Société Nationale Industrielle et Miniére.
Mauritania: Medium–and Long–Term Debt by Debtor, 1989–93
(In millions of SDRs)
| 1989 | 1990 | 1991 | 1992 | 1993 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Total external debt | 1,463.2 | 1,441.3 | 1,436.7 | 1,399.6 | 1,473.1 | ||||
| Central Government | 1,045.7 | 1,090.3 | 1,110.7 | 1,021.1 | 1,113.4 | ||||
| Central Bank | 144.1 | 124.6 | 115.6 | 140.5 | 134.2 | ||||
| Development and primary banks | 2.9 | 1.8 | 0.9 | 1.7 | — | ||||
| Public enterprises 1/ | 270.5 | 224.6 | 209.6 | 236.4 | 225.6 | ||||
| AFARCO | 2.2 | 2.1 | 2.1 | 1.9 | 1.9 | ||||
| Air Mauritania | 3.6 | 3.0 | 2.9 | 2.7 | — | ||||
| ALMAP | 11.5 | 10.9 | 10.8 | 10.7 | 10.7 | ||||
| OPT | 8.4 | 5.1 | 4.8 | 5.1 | 3.7 | ||||
| SAMIA | 0.3 | 0.3 | 0.3 | 0.3 | — | ||||
| SOCOGIM | 0.2 | 0.2 | 0.2 | — | — | ||||
| SONELEC | 44.5 | 36.2 | 35.2 | 42.8 | 37.3 | ||||
| Société Mauritanienne d’Armement et Pêche | 2.6 | 2.8 | 2.8 | 2.6 | — | ||||
| SNIM | 197.3 | 164.1 | 150.5 | 170.2 | 169.5 | ||||
| Other | — | — | — | — | 2.4 | ||||
AFARCO, African-Arab Construction Company; ALMAP, Algéro– Mauritanienne de Pêche; OPT, Office des Postes et Télécommunications; SALIMAUREM, Société Arab-Libyo-Mauritanienne des Ressources Maritimes; SAMIA, Société Arabe des Industries Métallurgiques; SOCOGIM, Société de Construction et de Gestion Immobiliére en Mauritanie; SONELEC, Société Nationale d’Eau et d’Electricité; SNIM, Société Nationale Industrielle et Miniére.
It should be noted that industrial fishing, which is the main type of fishing activity in Mauritania, is classified under manufacturing in the secondary sector.
Livestock herds are often used as a store of wealth that can be sold in neighbouring countries for foreign currencies.
There are large discrepancies between the estimated fish catch (Appendix IV, Table 12) and exports (Appendix IV, Table 13), even after deducting the estimated undeclared catch from the former, and taking into account the fact that there is not a large domestic consumption. Since export figures are more reliable, they are used as indicators of fishing activity.
Total fishing activity (artisanal and industrial) is estimated to contribute about 7 percent of the GDP.
For example, the capital of the company marketing oil products (SMCPP) was opened to the private sector and its petroleum products distribution activities were liberalized (Appendix IV, Tables 16 and 17).
The subindex for domestic services, for example, is based solely on the minimum wage, which did not change during the 1989-91 period, when in practice, the cost of such services continued to increase as an important component of compensation consists of payments in kind.
The number of civil servants reached about 20,000 at end-1993, of which 8,900 were employed in the Education Ministry and 3,100 in the Health and Social Affairs Ministry (Appendix IV, Table 27).
The Treasury issued treasury bills amounting to UM 7.7 billion to cancel the Central Bank’s outstanding refinancing of banks (UM 4.5 billion for the BNM and UM 3.2 billion for the UBD) in 1989-90. This operation was part of the measures to improve the balance sheets of the banks before their assets could be offered for acquisition by the private sector.
Completion of satisfactory audits was delayed from the original target date of November 1992 to late 1993.
A further capital increase of UM 500 million was scheduled to take place in December 1994.
For a description of the reasons for such an increase see SM/92/208, December 2, 1992.
The corresponding claims of commercial banks on the Central Bank are reflected in the build-up of deposits with the Central Bank in commercial bank balance sheets (Appendix IV, Table 39).
Immediately prior to the devaluation, the Central Bank of Mauritania took over those external liabilities of commercial banks for which it had received payment in ouguiyas but which had not been honored vis-a-vis the foreign commercial bank creditors because of lack of foreign exchange.
