Islamic Republic of Mauritania:Request for an Extension of the Extended Credit Facility Arrangement-Staff Report

Author: International Monetary Fund. Middle East and Central Asia Dept.

Request for an Extension of the Extended Credit Facility Arrangement-Staff Report

Volume/Issue: Volume 2020 Issue 315

Publication date: December 2020

ISBN: 9781513563732

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Money and Monetary Policy , International - Economics , ECF arrangement , program objective , program discussion , priority program , disbursement of SDR , COVID-19

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Summary

The authorities have requested a three-month extension of the Extended Credit Facility (ECF) arrangement set to expire on December 5, 2020. The three-year arrangement was approved by the Executive Board on December 6, 2017 with access of SDR 115.92 million (90 percent of quota); additional access of SDR 20.24 million (about 15.7 percent of quota) was approved on September 2, 2020. On April 23, 2020, the Board also approved the disbursement of SDR 95.68 million (about 74.3 percent of quota) under the Rapid Credit Facility to address urgent balance of payment needs due to the COVID-19 pandemic.