Islamic Republic of Mauritania; Third Review Under the Three-Year Extended Credit Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion.

The Islamic Republic of Mauritaniaâ€™s macroeconomic developments have remained broadly positive, despite high international fuel and food prices and the near-term drought impact. Supported by a rapid growth in manufacturing industries, non-oil output is expected to grow by 4.8 percent in 2011 despite the drought-related downturn in agricultural production. A low price pass-through and a prudent monetary policy helped contain inflation. Booming mining exports helped narrow the current account deficit and boost foreign exchange reserves to unprecedented levels.

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Year of publication:	2011-12-23
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Debt management \| Economic indicators \| Economic recovery \| Extended Credit Facility \| Fiscal reforms \| Flexible exchange rate policy \| Staff Reports \| Unemployment \| external debt \| banking \| foreign exchange \| central bank \| current account \| banking system \| debt relief \| current account deficit \| debt service \| external financing \| banking sector \| balance of payments \| current account balance \| excess liquidity \| banking supervision \| connected lending \| domestic debt \| debt service payments \| bank transparency \| foreign debt \| revenue mobilization \| repayments \| macroeconomic stability \| current expenditure \| debt sustainability \| bilateral creditors \| government deficit \| foreign loans \| capital adequacy \| bank financing \| domestic financing \| debt restructuring \| debt management strategy \| present value \| debt data \| foreign exchange market \| public sector debt \| external shocks \| investment spending \| bank capital \| public debt \| foreign exchange exposure \| capital expenditure \| external debt management \| public finance \| external debt data \| bilateral debt \| reserve assets \| long-term loans \| recapitalization \| payment arrears \| excessive volatility \| bank borrowing \| external debt sustainability \| external payments arrears \| government finance \| payout ratio \| foreign aid \| external indebtedness \| reserve ratio \| bank profitability \| reserve accumulation \| bank assistance \| total external debt \| dividend payout \| public finances \| external loans \| official creditors \| banking sector liquidity \| bank loans \| return on assets \| concessional debt \| government debt \| stock of debt \| capital adequacy ratio \| clearing house \| external payments \| return on equity

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 11/362 5 pages long
Source:	RePEc - Research Papers in Economics

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