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Islamic Republic of Mauritania: Third Review Under the Three-Year Extended Credit Facility Arrangement: Staff Report; Press Release on the Executive Board Discussion.
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 362
Language:
English
Publication Date:
23 Dec 2011
DOI:
https://doi.org/10.5089/9781463929848.002
ISBN:
9781463929848
ISSN:
1934-7685
Pages:
58
Keywords:
ISCR; CR; SDR; drought relief expenditure; central bank; program implementation; monetary policy; exchange rate; labor market; Credit; Fiscal stance; Europe; Global
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund