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

1MRTEE2011005 Image
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Release Date: © December, 2011
ISBN : 978-1-46394-293-9
Stock #: 1MRTEE2011005
English

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Description

The Islamic Republic of Mauritania’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.

Taxonomy

Economic policy , Economic sectors , Fiscal policy , Mining sector , Monetary policy




More publications in this series: IMF Staff Country Reports