| Description |
1 online resource (104 pages) : color illustrations |
| Series |
IMF Country Report ; No. 16/115 |
|
IMF country report ; no. 16/115.
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| Contents |
A press release summarizing the views of the Executive Board as expressed during its April 25, 2016 consideration of the staff report that concluded the Article IV consultation with the Islamic Republic of Mauritania -- The staff report prepared by a staff team of the IMF for the Executive Board's consideration on April 25, 2016, following discussions that ended on February 22, 2016, with the officials of the Islamic Republic of Mauritania on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on April 11, 2016 -- An informational annex prepared by the IMF staff -- A debt sustainability analysis prepared by the staffs of the IMF and the International Development Association (IDA) -- A statement by the Executive Director for the Islamic Republic of Mauritania |
| Summary |
Context. The Mauritanian economy is facing a significant negative terms-of-trade shock that is more persistent than initially envisaged. Low iron ore prices have reduced economic growth, export receipts, and net international reserves; widened the fiscal deficit; and increased risks to financial stability. Lower oil prices have, on the contrary, provided some support to the external and fiscal positions. The exchange rate continued appreciating in real term in 2015, moving counter to the terms-of-trade shock. The impact of the shock is compounded by a narrow production base, structural weaknesses and limited policy space in the context of elevated public debt and pressures on external buffers. Outlook and Risks. The economic outlook envisages a recovery in economic activity to 4.1 percent in 2016, but risks to the outlook are tilted to the downside and the economy remains vulnerable to external shocks. Over the medium term, current policies will result in sustained pressures on reserves and elevated debt driven by public investment plans. Subdued economic activity could hinder the capacity of the financial sector to channel credit toward private sector activity hampering efforts to achieve more diversified and robust economic growth. In the short term, the economy is most vulnerable to higher oil prices, lower-than-envisaged iron ore prices, and a stronger US dollar under the current exchange rate policy |
| Notes |
"May 2016." |
| Bibliography |
Includes bibliographical references |
| Notes |
Description based on online resource; title from pdf title page (IMF.org website, viewed May 19, 2016) |
| Subject |
International Monetary Fund -- Mauritania
|
| SUBJECT |
International Monetary Fund. fast (OCoLC)fst00556666 |
| Subject |
Iron industry and trade -- Prices -- Mauritania
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Petroleum products -- Prices -- Mauritania
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Foreign exchange rates -- Mauritania
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Fiscal policy -- Mauritania
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Financial risk management -- Mauritania
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Monetary policy -- Mauritania
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Economic indicators -- Mauritania
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Economic history.
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Economic indicators.
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Economic policy.
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Financial risk management.
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Fiscal policy.
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Foreign exchange rates.
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Iron industry and trade -- Prices.
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Monetary policy.
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Petroleum products -- Prices.
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Debt.
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Exchange.
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Reserves.
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Revenues.
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| SUBJECT |
Mauritania -- Economic conditions.
http://id.loc.gov/authorities/subjects/sh85082299
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Mauritania -- Economic policy
|
| Subject |
Mauritania.
|
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Mauritania.
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Middle East.
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| Form |
Electronic book
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| Author |
International Monetary Fund, publisher.
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