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Islamic Republic of Mauritania: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 115
Language:
English
Publication Date:
11 May 2016
DOI:
https://doi.org/10.5089/9781484346303.002
ISBN:
9781484346303
ISSN:
1934-7685
Pages:
104
Keywords:
ISCR; CR; debt; deficit; terms-of-trade shock; TA mission; commodity shock; PPG debt; GDP ratio; Currency markets; Bank supervision; Global; Sub-Saharan Africa; Middle East; North Africa; East Africa
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This paper discusses the impact of the global economic slump on the Mauritanian economy, which faces a significant negative terms-of-trade shock that is more persistent than initially envisaged. The impact of the international shock is compounded by a narrow production base, structural weaknesses, and limited policy space related to elevated public debt and pressures on external buffers. The outlook sees a recovery in economic activity to 4.1 percent in 2016, but risks to the outlook are tilted to the downside. The present economic uncertainty has prompted Mauritania to call for an ambitious policy adjustment to diversify the economy and promote inclusive growth for a determined reform agenda.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund