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International Monetary Fund. Middle East and Central Asia Dept.
This paper discusses Islamic Republic of Mauritania’s Third Review of Arrangement under the Extended Credit Facility. The program aims at entrenching macroeconomic stability, supporting inclusive and job creating growth, and building international reserve buffers. The authorities plan to use the prospective fiscal space prudently for priority social spending—education, health, and social protection—and public infrastructure. The economic outlook has improved, buoyed by more favorable terms of trade and the upcoming development of a large offshore gas field. Growth is projected to accelerate to 6 3/4 percent this year, supported by a recovery in extractive sectors and continued broad-based non-extractive growth reflecting strong domestic demand and budding diversification. Downside risks related to global economic developments, commodity price volatility, and regional security concerns remain elevated. Considerable challenges remain to entrench macroeconomic stability, support inclusive growth, and build resilience to shocks. The prospective fiscal space should be used prudently for priority social policies and public infrastructure.
International Monetary Fund

Title Page May 19, 2008 On behalf of my Mauritanian authorities, I would like to thank the Board, Management, and Staff for their support to Mauritania. Performance under the PRGF-supported program continues to be satisfactory. All quantitative and structural performance criteria at end-2007 were met. All quantitative indicative targets –including the poverty reduction expenditure benchmark– were also met. Despite Mauritania’s satisfactory performance under the program, the authorities continue to face significant challenges ahead, both immediate and

International Monetary Fund
This paper responds to the Board’s request for an assessment of eligible countries that could qualify for Fund debt relief under the MDRI once the requisite consents and requests have been received. Directors requested that, by end-2005, staff prepare, in collaboration with the World Bank, an assessment of the 18 post-completion point HIPCs, as well as eligible non-HIPCs, and propose for Board consideration a list of members that would qualify immediately for MDRI debt relief. Directors also requested that, for those members that do not presently meet the MDRI qualification criteria, remedial measures be expressly identified that would allow them to qualify for MDRI relief.
International Monetary Fund

quarter tax revenue and the 2006 budget are in line with staff's projections and the authorities' macroeconomic objectives, respectively criterion is met criterion is met Mauritania performance will be satisfactory upon completion of a satisfactory six-month track record under a SMP and a further six months under a PRGF-supported program or under a PSI criterion is met performance will be satisfactory upon improving the expenditure circuit and fiscal reporting Nicaragua performance will be satisfactory upon the completion of the 7th review under

International Monetary Fund
This paper focuses on the Islamic Republic of Mauritania’s Sixth Review Under the Poverty Reduction and Growth Facility (PRGF) and a Request for Waiver of Performance Criterion. Performance under the PRGF-supported program remained strong in 2002. All the quantitative and structural performance criteria and benchmarks were met except for the publication of the audit of the central bank accounts, which was delayed for technical reasons. The IMF staff commends the authorities for bringing to a successful conclusion the current PRGF Arrangement and for their impressive record on macroeconomic stability and structural reforms.
International Monetary Fund. Middle East and Central Asia Dept.

) and structural benchmarks (Table 2). Those criteria and quantitative benchmarks are defined in the Technical Memorandum of Understanding (TMU), as well as adjusters in case of contingencies. Table 1a. Mauritania: Performance Criteria and Quantitative Benchmarks for 2017–19 1/ (Cumulative changes) 1/ End-June End-Dec. End-Mar. End-June. End-Sept. End-Dec 2017 2017 2018 2018 2018 2018 Initial Level Performance criteria Adjusted Performance Criteria Actual

International Monetary Fund
Mauritania successfully completed its previous poverty reduction growth facility arrangement in December 2002. The focus of this report is on the effectiveness of policies adopted in the last few years and the medium-term strategy. Macroeconomic stability under the IMF-supported program and the above structural reforms underpinned progress in reducing poverty and improving social indicators, and the development of the Poverty Reduction Strategy Paper (PRSP) was a major achievement. The banking system has remained highly concentrated with inadequate financial intermediation, and difficulties have persisted in the operations of the foreign exchange market.
International Monetary Fund. Middle East and Central Asia Dept.

indicators at end-June 2019 ( Table 1 ) and relevant structural benchmarks ( Table 2 ). Those criteria and quantitative benchmarks are defined in the Technical Memorandum of Understanding (TMU), as well as adjusters in case of contingencies. Table 1a. Mauritania: Performance Criteria and Quantitative Benchmarks for 2017–18 (cumulative changes) 1/ End-June 2017 End-Dec. 2017 End-Mar. 2018 End-June. 2018 End-Sept. 2018 End-Dec 2018 Initial Level Performance criteria Adjusted Performance Criteria Actual Status Indicative

International Monetary Fund

nonobservance of this performance criterion. Table 5. Mauritania: Performance Criteria and Structural Benchmarks for 2002 Structural Measures Timetable Status A Performance Criteria 1 Identify and classify all budgetary expenditures associated with poverty reduction in accordance with the new (functional) nomenclature September 2002 Met 2. Draw up medium-term expenditure frameworks for the remaining priority sectors (road infrastructure, rural development, and urban

International Monetary Fund. Middle East and Central Asia Dept.

the program will be completed on or after September 30, 2018 based on the performance criteria and quantitative indicators at end-June 2018 ( Table 1 ) and structural benchmarks ( Table 2 ). Those criteria and quantitative benchmarks are defined in the Technical Memorandum of Understanding (TMU), as well as adjusters in case of contingencies. Table 1. Mauritania: Performance Criteria and Quantitative Benchmarks for 2017–19 1/ End-June 2017 End-Dec. 2017 End-Mar. 2018 End-June. 2018 End-Sept. 2018 End. Dec 2018 End. Mar 2019