Source: International Monetary Fund (IMF) |

Coronavirus - Mauritania: International Monetary Fund (IMF) Executive Board completes Fifth Review Under the Extended Credit Facility Arrangement for the Islamic Republic of Mauritania, approves Augmentation and US$52 Million Disbursement

The IMF’s support will provide additional resources to mitigate the pandemic’s socio-economic impact and continue with institutional reforms to foster an inclusive recovery

The COVID-19 pandemic continues to impose severe health, social, and economic hardships in Mauritania, with a 3.2 percent contraction of output expected in 2020; the authorities have responded swiftly to the shock with measures to contain the pandemic and alleviate its economic fallout. They are prioritizing health spending and targeted…

Source: International Monetary Fund (IMF) |

Coronavirus – Mauritania: International Monetary Fund (IMF) Executive Board Approves a US$130 Million Disbursement to the Islamic Republic of Mauritania to address the COVID-19 Pandemic

The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output expected in 2020

The IMF Executive Board approved the disbursement of US$130 million (SDR 95.680 million) to be drawn under the Rapid Credit Facility to help Mauritania cope with the COVID-19 pandemic; The economic and social impact of the pandemic is rapidly unfolding, with a contraction of output expected in 2020. The IMF’s…

Source: International Monetary Fund (IMF) |

International Monetary Fund Executive Board Completes First Review of the Arrangement Under the Extended Credit Facility with the Islamic Republic of Mauritania

The economy is recovering, with growth estimated at 3.5 percent in 2017 and projected at 3 percent in 2018

Policy implementation has been satisfactory and the program is on track. The Board’s decision enables immediate disbursement of US$ 23.5 million to Mauritania. The economy is recovering, with growth estimated at 3.5 percent in 2017 and projected at 3 percent in 2018. The outlook is positive, although considerable challenges remain to achieve…

Source: International Monetary Fund (IMF) |

Statement by International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa at the Conclusion of a Visit to Mauritania

Mr. Mitsuhiro Furusawa, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Nouakchott at the end of his visit to the Islamic Republic of Mauritania, which followed the approval on December 6, 2017 by the IMF Executive Board of a three-year arrangement under the…

Source: International Monetary Fund (IMF) |

IMF Executive Board Approves US$ 163.9 Million Arrangement Under the Extended Credit Facility for the Islamic Republic of Mauritania

Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization

Board decision enables immediate disbursement of US$ 23.4 million to Mauritania. Mauritania’s ECF-supported program aims to address the challenges of economic growth, stability, sustainability, and poverty. Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization, as well as to modernize the…

Source: International Monetary Fund (IMF) |

IMF Reaches Staff-Level Agreement with Mauritania on a Three-Year Arrangement Under the Extended Credit Facility

Under the arrangement, Mauritania would have access to IMF credit of up to SDR 115.920 million, or about US$ 162.8 million over three years

Staff-Level agreement reached on a three-year economic program with Mauritania. IMF financing will support the authorities’ economic policies and reforms. The program aims to foster inclusive growth, maintain macroeconomic stability, restore debt sustainability, and reduce poverty. An IMF staff team led by Mr. Eric Mottu held discussions with the Mauritanian…

Source: International Monetary Fund (IMF) |

Islamic Republic of Mauritania: Discussions continue on an IMF-supported economic program

An IMF mission headed by Mr. Eric Mottu visited Nouakchott from September 25 to October 6, 2017 to continue the discussions, initiated in February 2017, on an economic and financial program that could be supported under the Fund’s Extended Credit Facility (ECF)

The Mauritanian authorities and the IMF mission have made considerable progress in discussions on an economic program that could be supported by the IMF. These discussions will continue next week in Washington, on the sidelines of the IMF Annual Meetings. An IMF mission headed by Mr. Eric Mottu visited Nouakchott…

Source: International Monetary Fund (IMF) |

IMF Executive Board Concludes 2017 Article IV Consultation with the Islamic Republic of Mauritania

Growth prospects have improved along with planned public investment and structural reforms and some—albeit short-lived— recovery in metal prices

On July 28, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Islamic Republic of Mauritania. Mauritania continues to face a challenging external environment with low and volatile metal prices. A steep decline in iron ore prices in 2014–15 took away…

Source: International Monetary Fund (IMF) |

IMF Staff concludes 2017 Article IV Mission to Mauritania and Launches Discussions on an IMF Supported Program

An International Monetary Fund (IMF) team led by Mr. Eric Mottu, visited Nouakchott from February 28 to March 13, 2017 to hold discussions on the 2017 Article IV consultations with the Mauritanian authorities

The IMF team and the authorities held constructive discussions on a Mauritanian economic and financial program for 2017-20 that could be supported by an arrangement under the IMF’s Extended Credit Facility. The authorities have consistently adapted their economic policies to take account of the difficult conditions they’ve faced over the…