The paper examines domestic revenue mobilization in Mauritania and proposes strategies to enhance tax revenue collection to address fiscal sustainability challenges and finance critical investment projects. Despite recent progress, Mauritania's tax-to-GDP ratio remains below that of its peers,...

The paper explores the financial development landscape in Mauritania, highlighting its bank-centric structure and limited financial market development. Despite a large number of banks, financial intermediation remains weak, with low private-sector credit to GDP, limited financial inclusion, and...

This selected issue paper discusses the desirable institutional and macro-financial conditions and optimal path toward greater exchange rate flexibility in the Islamic Republic of Mauritania. It also identifies the macro-financial risks that arise and mitigation measures supporting a smooth...

The Korean economy has remained resilient against multiple shocks. Economic growth has recovered, inflation has steadily declined, and financial stability risks have decreased. However, downside risks have increased amid high uncertainty from policy shifts in major trading partners and recent...

The 2023 Article IV Consultation discusses that Korea has faced challenges from inflation and a growth slowdown. Growth declined from mid-2022, as global demand for electronics waned and domestic demand weakened, but has started to recover in recent quarters. Headline inflation has declined...

Cover -- Table of Contents -- LIST OF TABLES -- LIST OF FIGURES -- LIST OF MAPS -- LIST OF BOXES -- ACRONYMS AND ABBREVIATIONS -- EXECUTIVE SUMMARY -- INTRODUCTION -- CHAPTER 1: SOCIAL AND ECONOMIC OVERVIEW -- 1.1. ECONOMIC PERFORMANCE 2008-2011 -- 1.1.1. Growth -- 1.1.2. Financial and External...

Cover -- CONTENTS -- RECENT DEVELOPMENTS AND PROGRAM IMPLEMENTATION -- ECONOMIC OUTLOOK AND POLICY DISCUSSIONS FOR 2015 -- A. Economic Outlook and Risks -- B. Fiscal Policy -- C. Monetary and Exchange Rate Policies -- D. Structural Reform -- E. Poverty Reduction Strategy -- PROGRAM MONITORING,...

EXECUTIVE SUMMARYEconomic activity remained weak in early 2014. Activity was impacted by an outbreak ofthe Ebola virus since late 2013, but lagging structural reforms, energy shortages, and political uncertainty may also be at play. Economic growth is estimated to have been 2.3 percent in 2013,...