Islamic Republic of Mauritania: 2005 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Islamic Republic of Mauritania
Volume/Issue:
Volume 2006
Issue 247
Publication date: July 2006
ISBN: 9781451827569
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Economics- Macroeconomics , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , BCM statement , BCM financial statements , staff assessment , central bank governor , fiscal policy , retroactive data issue , locust inflation , inflation risk , International reserves , Operational risk , Oil
Summary
Mauritania was one of the countries to reach the completion point under the enhanced Initiative for Heavily Indebted Poor Countries. The revised fiscal, balance of payments, and monetary data, including data on commercial banks, revealed that the main program parameters were missed by large margins. In 2003–04, progress in structural reforms was slower than planned, and major weaknesses surfaced in fiscal, monetary, and exchange rate management. Executive Directors welcomed the authorities’ intention to gear medium-term spending plans toward poverty reduction.
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