Islamic Republic of Mauritania: Second Reviews Under the Arrangements Under the Extended Credit Facility and the Extended Fund Facility, Requests for Modification of Performance Criteria and a Waiver of Nonobservance of Performance Criterion, and Firs

Second Reviews Under the Arrangements Under the Extended Credit Facility and the Extended Fund Facility, Requests for Modification of Performance Criteria and a Waiver of Nonobservance of Performance Criterion, and First Review Under the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

Islamic Republic of Mauritania: Second Reviews Under the Arrangements Under the Extended Credit Facility and the Extended Fund Facility, Requests for Modification of Performance Criteria and a Waiver of Nonobservance of Performance Criterion
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Volume/Issue: Volume 2024 Issue 194
Publication date: June 2024
ISBN: 9798400280801
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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , RSF arrangement , EFF arrangement , RSF reform measure , D , RSF , programs under the ECF , excess reserves , Credit , Fiscal stance , Global

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Summary

Economic performance in 2023 has been broadly positive, with decreasing inflation and a narrowing current account deficit, although real GDP growth slowed somewhat. Still, challenges related to infrastructure, governance, vulnerability to economic shocks, and limited economic diversification constrain Mauritania’s economic development. While the political situation appears stable, security risks persist, especially in the Sahel region. Additionally, frequent and severe climate-related disasters create large adaptation needs, though opportunities for boosting clean energy exist.