Islamic Republic of Mauritania : First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania

1MRTEA2007004 Image
Price:  $18.00

Release Date: © July, 2007
ISBN : 978-1-45182-764-4
Stock #: 1MRTEA2007004
Stock Status: On back-order

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Description

The staff report for the First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) for the Islamic Republic of Mauritania explains the macroeconomic outlook and fiscal policy. Despite a substantial oil revenue shortfall, the fiscal deficit target was met and significant reserves were maintained in the oil fund. The prudent monetary stance contributed to strengthening confidence in the ouguiya and reining in inflation. Mauritania needs to continue to mobilize concessional support to finance its poverty reduction strategy.

Taxonomy

Balance of payments , Economic policy , Exchange rate policy , Fiscal policy , Foreign exchange , IMF governance and operations , Monetary policy , Operations , Performance Criteria , Stand-by Arrangements




More publications in this series: IMF Staff Country Reports