IMF Staff Country Reports Volume 2023 Issue 073: Islamic Republic of Mauritania: 2022 Article IV Consultation and Request for 42-Month Arrangements under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania (2023)

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Islamic Republic of Mauritania: 2022 Article IV Consultation and Request for 42-Month Arrangements under the Extended Credit Facility and the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for the Islamic Republic of Mauritania

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International Monetary Fund. Middle East and Central Asia Dept.

International Monetary Fund. Middle East and Central Asia Dept.
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Series:: IMF Staff Country Reports

Volume/Issue:: Volume 2023: Issue 073

Language:: French

Publication Date:: 03 Feb 2023

DOI:: https://doi.org/10.5089/9798400248535.002

ISBN:: 9798400248535

ISSN:: 2790-4458

Pages:: 145

Keywords:: development effort; Medium-term policy priority; Mauritanian authorities; commodity price movement; IMF arrangement; AIV policy recommendation; Operational risk; Debt sustainability analysis; Currency markets; Global; Middle East and Central Asia; Middle East; North Africa; East Africa

Series:: IMF Staff Country Reports

Volume/Issue:: Volume 2023: Issue 073

Language:: French

Publication Date:: 03 Feb 2023

DOI:: https://doi.org/10.5089/9798400248535.002

ISBN:: 9798400248535

ISSN:: 2790-4458

Pages:: 145

Keywords:: development effort; Medium-term policy priority; Mauritanian authorities; commodity price movement; IMF arrangement; AIV policy recommendation; Operational risk; Debt sustainability analysis; Currency markets; Global; Middle East and Central Asia; Middle East; North Africa; East Africa

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Volatile commodity prices and a tightly managed exchange rate (ER) have led to boom and bust cycles with significant impacts on the public and financial sectors. While the previous Extended Credit Facility (ECF) arrangement (December 2017—March 2021) has helped maintain macroeconomic stability, the pandemic has delayed structural reform implementation and widened the gap to reach the Sustainable Development Goals (SDGs). In addition, surging international commodity prices since the start of Russia’s war in Ukraine have deteriorated the external and fiscal balances and led to inflationary pressures and food insecurity. In March 2021, the authorities requested a successor arrangement to support accelerated implementation of their national development strategy, help increase social and infrastructure spending, and improve governance and the business environment.

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IMF Staff Country Reports

ISSN:: 1934-7685

Publisher:: International Monetary Fund

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