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Displaying results 1 to 18 of 18.

  1. Islamic Republic of Mauritania
    sixth review under the extended credit facility arrangement and request for waiver of nonobservance of a performance criterion : press release; staff report; and statement by the Executive Director for the Islamic Republic of Mauritania
    Published: March 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic is having a severe human, economic, and social impact on Mauritania. The economy is estimated to have contracted by about 2 percent in 2020 and the crisis generated large financing needs. The authorities responded swiftly to... more

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    The COVID-19 pandemic is having a severe human, economic, and social impact on Mauritania. The economy is estimated to have contracted by about 2 percent in 2020 and the crisis generated large financing needs. The authorities responded swiftly to mitigate the impact of the pandemic while international partners provided grants, loans, and debt service suspension. This, compounded by higher commodity exports (iron ore and gold) and some delays in emergency spending, resulted in unexpected fiscal surpluses and an accumulation of international reserves, which may now be used to support the recovery in 2021-22. The outlook remains highly uncertain and dependent on volatile commodity markets, with sizable downside risks in case new waves of the pandemic spill over into Mauritania

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573854
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    Series: IMF country reports ; 21, 52
    Subjects: ISCR; CR; higher-than-anticipated financing; poverty-reducing expenditure; ECF arrangement; successor ECF; debt service suspension; Executive Board discussion; disbursement of SDR; COVID-19; Credit; Debt service; Global
    Scope: 1 Online-Ressource (circa 92 Seiten), Illustrationen
  2. Mali
    second and third reviews under the extended credit facility arrangement, requests for waivers of nonobservance of performance criteria and modification of performance criterion : press release; staff report; and statement by the Executive Director of Mali
    Published: March 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Against the background of the pandemic shock, a coup d'etat on August 18, 2020 led to a period of international disengagement with Mali and an economic blockade by ECOWAS until the appointment of a transitional government in October. Fund engagement... more

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    Against the background of the pandemic shock, a coup d'etat on August 18, 2020 led to a period of international disengagement with Mali and an economic blockade by ECOWAS until the appointment of a transitional government in October. Fund engagement was also put on hold during this period, delaying the resumption of discussions under the 2nd and 3rd reviews of the ECF. The transitional government, which will be in place for 18 months until general elections, announced its full adherence to the international obligations and commitments of the previous government, including the reform agenda under the ECF

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513575780
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    Series: IMF country reports ; 21, 67
    Subjects: ECF arrangement; action program; response plan; Executive Board discussion; IMF's Board; economic reform program; COVID-19; Debt sustainability analysis; West Africa; Sub-Saharan Africa
    Scope: 1 Online-Ressource (circa 112 Seiten), Illustrationen
  3. Kenya
    requests for an extended arrangement under the extended fund facility and an arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Kenya
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Kenya has been hit hard by the COVID-19 pandemic. Despite a forceful policy response by the authorities, the socio-economic impact has been significant. The shock has also exacerbated the country's pre-existing fiscal vulnerabilities, pushing Kenya... more

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    Kenya has been hit hard by the COVID-19 pandemic. Despite a forceful policy response by the authorities, the socio-economic impact has been significant. The shock has also exacerbated the country's pre-existing fiscal vulnerabilities, pushing Kenya into high risk of debt distress. While the economy is now recovering, fiscal and balance-of-payments financing needs remain sizable over the medium term

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513576633
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    Series: IMF country reports ; 21, 72
    Subjects: ECF arrangement; financing strategy; debt vulnerability; financing package; support package; procurement information portal; Kenya's debt; development partner; COVID-19; Credit; Global
    Scope: 1 Online-Ressource (circa 122 Seiten), Illustrationen
  4. Republic of Madagascar
    request for a 40-month arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Republic of Madagascar
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4... more

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    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4 percent of GDP) helped close short-term financing gaps, supported mitigation measures, and contributed to catalyzing donor budget support. The authorities are seeking renewed Fund assistance to help the country face protracted balance of payment needs aggravated by the impact of the pandemic and support the authorities' reform agenda summarized in the Plan Emergence Madagascar (PEM)

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513576794
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    Series: IMF country reports ; 21, 75
    Subjects: ECF arrangement; financing gap; reform strategy; financing needs; frontloaded disbursement; COVID-19; Credit; Global
    Scope: 1 Online-Ressource (circa 130 Seiten), Illustrationen
  5. Democratic Republic of the Congo
    first review under the extended credit facility arrangement, request for modification of performance criteria, and financing assurances review : press release; staff report; and statement by the Executive Director of the Democratic Republic of the Congo
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    After a third wave over the summer, COVID-19 cases are declining but vaccination has stalled. Economic activity has improved on the back of strengthened external demand, allowing for a stronger-than-envisaged buildup in international reserves.... more

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    After a third wave over the summer, COVID-19 cases are declining but vaccination has stalled. Economic activity has improved on the back of strengthened external demand, allowing for a stronger-than-envisaged buildup in international reserves. Inflation and the exchange rate have stabilized. Near-term challenges arise from uncertainty related to the pandemic and the gradual global economic recovery supporting high commodity prices

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781616355807
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    Series: IMF country report ; no. 22, 3
    Subjects: ECF arrangement; policy transmission mechanism; Congolese authorities; Policy discussion; ECF approval; ECF disbursement; IMF staff estimate; IMF's transparency policy; Credit; Fiscal stance; Global; Central Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 99 Seiten), Illustrationen
  6. Chad
    request for a three-year arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Chad
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic, the volatility in oil prices, heightened insecurity, and a looming food crisis due to climate change have severely stressed an already vulnerable Chadian economy. The two Rapid Credit Facility (RCF) disbursements in April and... more

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    The COVID-19 pandemic, the volatility in oil prices, heightened insecurity, and a looming food crisis due to climate change have severely stressed an already vulnerable Chadian economy. The two Rapid Credit Facility (RCF) disbursements in April and July 2020 allowed Chad to meet its immediate financing and urgent balance of payment needs in the early stages of the pandemic. The authorities have requested Fund assistance under the ECF to support their post-COVID recovery and their plan to reduce debt vulnerabilities through a combination of a debt workout and a multi-year fiscal consolidation program. However, due to the death of the president following a resurgence of fighting with rebel groups in April and the delayed delivery of donor support, the treasury situation has become extremely tight, threatening social stability

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781557759542
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    Series: IMF country report ; no. 21, 267
    Subjects: Chadian authorities; ECF arrangement; Chad team; IMF's transparency policy; looming food crisis; Debt sustainability; Debt sustainability analysis; Global; Africa; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 114 Seiten), Illustrationen
  7. Nepal
    request for an arrangement under the extended credit facility : press release; staff report; debt sustainability analysis; staff supplement; and statement by the Executive Director for Nepal
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than... more

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    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than expected in 2019/20, a gradual resumption in economic activity and a corresponding surge in imports and related tax receipts led to higher growth and improved fiscal outturns in 2020/21. However, important fiscal and external financing needs remain to support the COVID-19 response, facilitate a continued recovery, and maintain a comfortable level of reserves

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9798400200380
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    Series: IMF country report ; no. 22, 24
    Subjects: financing gap; procurement contract; ECF arrangement; November data; import surge; consumer price inflation; COVID-19; Debt relief; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  8. Niger
    request for a three-year arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Niger
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Niger's new government developed an ambitious reform agenda in the face of daunting challenges. The previous ECF-supported program was able to preserve macroeconomic stability and implement some key PFM reforms, notwithstanding the pandemic. However,... more

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    Niger's new government developed an ambitious reform agenda in the face of daunting challenges. The previous ECF-supported program was able to preserve macroeconomic stability and implement some key PFM reforms, notwithstanding the pandemic. However, progress on revenue mobilization was more limited, reflecting capacity constraints and a challenging environment. For the new government to achieve its development goals, it will have to overcome deep-seated social and political divisions and a deteriorating regional security situation. Enhanced reforms and the advent of oil exports over the medium-term offer hope that greater domestic resources can be marshalled to accelerate growth and poverty reduction

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781616358648
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    Series: IMF country report ; no. 21, 271
    Subjects: staff appraisal; staff statement; ownership information; ECF arrangement; Three-Year Arrangement; Debt sustainability analysis; Credit; West Africa; Global; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 104 Seiten), Illustrationen
  9. The Gambia
    Article IV consultation, third review under the extended credit facility arrangement, request for modification of a performance criterion, and financing assurances review
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Prior to the onset of the pandemic, The Gambia had shown strong macroeconomic performance in the few years following the remarkable political transition in 2016-17. Economic growth accelerated, debt vulnerabilities decreased, external stability... more

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    Prior to the onset of the pandemic, The Gambia had shown strong macroeconomic performance in the few years following the remarkable political transition in 2016-17. Economic growth accelerated, debt vulnerabilities decreased, external stability strengthened, structural and legislative reforms advanced, and key social indicators improved. However, the COVID-19 pandemic halted some of the hard-won progress, stagnating economic activity and re-igniting extreme poverty. The Gambia experienced a third wave of the pandemic in mid-2021, which has receded recently. The COVID-19 vaccination rate currently stands at about 12 percent of the adult population. Presidential and parliamentary elections are planned for December 2021 and April 2022, respectively

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781616356767
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    Series: IMF country report ; no. 21, 265
    Subjects: TA mission; budget support; vaccination campaign; IMF SDR allocation; ECF program; procurement contract; ECF arrangement; COVID-19; Debt service; Debt sustainability analysis; Global; Middle East; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 139 Seiten), Illustrationen
  10. Niger
    request for a three-year arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Niger
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Niger's new government developed an ambitious reform agenda in the face of daunting challenges. The previous ECF-supported program was able to preserve macroeconomic stability and implement some key PFM reforms, notwithstanding the pandemic. However,... more

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    Niger's new government developed an ambitious reform agenda in the face of daunting challenges. The previous ECF-supported program was able to preserve macroeconomic stability and implement some key PFM reforms, notwithstanding the pandemic. However, progress on revenue mobilization was more limited, reflecting capacity constraints and a challenging environment. For the new government to achieve its development goals, it will have to overcome deep-seated social and political divisions and a deteriorating regional security situation. Enhanced reforms and the advent of oil exports over the medium-term offer hope that greater domestic resources can be marshalled to accelerate growth and poverty reduction

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781616358648
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    Series: IMF country report ; no. 21, 271
    Subjects: staff appraisal; staff statement; ownership information; ECF arrangement; Three-Year Arrangement; Debt sustainability analysis; Credit; West Africa; Global; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 104 Seiten), Illustrationen
  11. The Gambia
    Article IV consultation, third review under the extended credit facility arrangement, request for modification of a performance criterion, and financing assurances review
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Prior to the onset of the pandemic, The Gambia had shown strong macroeconomic performance in the few years following the remarkable political transition in 2016-17. Economic growth accelerated, debt vulnerabilities decreased, external stability... more

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    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
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    Prior to the onset of the pandemic, The Gambia had shown strong macroeconomic performance in the few years following the remarkable political transition in 2016-17. Economic growth accelerated, debt vulnerabilities decreased, external stability strengthened, structural and legislative reforms advanced, and key social indicators improved. However, the COVID-19 pandemic halted some of the hard-won progress, stagnating economic activity and re-igniting extreme poverty. The Gambia experienced a third wave of the pandemic in mid-2021, which has receded recently. The COVID-19 vaccination rate currently stands at about 12 percent of the adult population. Presidential and parliamentary elections are planned for December 2021 and April 2022, respectively

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781616356767
    Other identifier:
    Series: IMF country report ; no. 21, 265
    Subjects: TA mission; budget support; vaccination campaign; IMF SDR allocation; ECF program; procurement contract; ECF arrangement; COVID-19; Debt service; Debt sustainability analysis; Global; Middle East; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 139 Seiten), Illustrationen
  12. Democratic Republic of the Congo
    first review under the extended credit facility arrangement, request for modification of performance criteria, and financing assurances review : press release; staff report; and statement by the Executive Director of the Democratic Republic of the Congo
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    After a third wave over the summer, COVID-19 cases are declining but vaccination has stalled. Economic activity has improved on the back of strengthened external demand, allowing for a stronger-than-envisaged buildup in international reserves.... more

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    Duale Hochschule Baden-Württemberg Heidenheim, Bibliothek
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    After a third wave over the summer, COVID-19 cases are declining but vaccination has stalled. Economic activity has improved on the back of strengthened external demand, allowing for a stronger-than-envisaged buildup in international reserves. Inflation and the exchange rate have stabilized. Near-term challenges arise from uncertainty related to the pandemic and the gradual global economic recovery supporting high commodity prices

     
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    Source: Staatsbibliothek zu Berlin
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    Media type: Ebook
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    ISBN: 9781616355807
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    Series: IMF country report ; no. 22, 3
    Subjects: ECF arrangement; policy transmission mechanism; Congolese authorities; Policy discussion; ECF approval; ECF disbursement; IMF staff estimate; IMF's transparency policy; Credit; Fiscal stance; Global; Central Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 99 Seiten), Illustrationen
  13. Chad
    request for a three-year arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Chad
    Published: December 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic, the volatility in oil prices, heightened insecurity, and a looming food crisis due to climate change have severely stressed an already vulnerable Chadian economy. The two Rapid Credit Facility (RCF) disbursements in April and... more

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    The COVID-19 pandemic, the volatility in oil prices, heightened insecurity, and a looming food crisis due to climate change have severely stressed an already vulnerable Chadian economy. The two Rapid Credit Facility (RCF) disbursements in April and July 2020 allowed Chad to meet its immediate financing and urgent balance of payment needs in the early stages of the pandemic. The authorities have requested Fund assistance under the ECF to support their post-COVID recovery and their plan to reduce debt vulnerabilities through a combination of a debt workout and a multi-year fiscal consolidation program. However, due to the death of the president following a resurgence of fighting with rebel groups in April and the delayed delivery of donor support, the treasury situation has become extremely tight, threatening social stability

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
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    ISBN: 9781557759542
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    Series: IMF country report ; no. 21, 267
    Subjects: Chadian authorities; ECF arrangement; Chad team; IMF's transparency policy; looming food crisis; Debt sustainability; Debt sustainability analysis; Global; Africa; Sub-Saharan Africa; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 114 Seiten), Illustrationen
  14. Nepal
    request for an arrangement under the extended credit facility : press release; staff report; debt sustainability analysis; staff supplement; and statement by the Executive Director for Nepal
    Published: January 2022
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than... more

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    The COVID-19 pandemic severely impacted Nepal's economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than expected in 2019/20, a gradual resumption in economic activity and a corresponding surge in imports and related tax receipts led to higher growth and improved fiscal outturns in 2020/21. However, important fiscal and external financing needs remain to support the COVID-19 response, facilitate a continued recovery, and maintain a comfortable level of reserves

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
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    ISBN: 9798400200380
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    Series: IMF country report ; no. 22, 24
    Subjects: financing gap; procurement contract; ECF arrangement; November data; import surge; consumer price inflation; COVID-19; Debt relief; Global; International Agreements and Observance; International Organizations; Monetary Policy
    Scope: 1 Online-Ressource (circa 103 Seiten), Illustrationen
  15. Mali
    second and third reviews under the extended credit facility arrangement, requests for waivers of nonobservance of performance criteria and modification of performance criterion : press release; staff report; and statement by the Executive Director of Mali
    Published: March 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Against the background of the pandemic shock, a coup d'etat on August 18, 2020 led to a period of international disengagement with Mali and an economic blockade by ECOWAS until the appointment of a transitional government in October. Fund engagement... more

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    Against the background of the pandemic shock, a coup d'etat on August 18, 2020 led to a period of international disengagement with Mali and an economic blockade by ECOWAS until the appointment of a transitional government in October. Fund engagement was also put on hold during this period, delaying the resumption of discussions under the 2nd and 3rd reviews of the ECF. The transitional government, which will be in place for 18 months until general elections, announced its full adherence to the international obligations and commitments of the previous government, including the reform agenda under the ECF

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
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    ISBN: 9781513575780
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    Series: IMF country reports ; 21, 67
    Subjects: ECF arrangement; action program; response plan; Executive Board discussion; IMF's Board; economic reform program; COVID-19; Debt sustainability analysis; West Africa; Sub-Saharan Africa
    Scope: 1 Online-Ressource (circa 112 Seiten), Illustrationen
  16. Kenya
    requests for an extended arrangement under the extended fund facility and an arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Kenya
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    Kenya has been hit hard by the COVID-19 pandemic. Despite a forceful policy response by the authorities, the socio-economic impact has been significant. The shock has also exacerbated the country's pre-existing fiscal vulnerabilities, pushing Kenya... more

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    Kenya has been hit hard by the COVID-19 pandemic. Despite a forceful policy response by the authorities, the socio-economic impact has been significant. The shock has also exacerbated the country's pre-existing fiscal vulnerabilities, pushing Kenya into high risk of debt distress. While the economy is now recovering, fiscal and balance-of-payments financing needs remain sizable over the medium term

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
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    ISBN: 9781513576633
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    Series: IMF country reports ; 21, 72
    Subjects: ECF arrangement; financing strategy; debt vulnerability; financing package; support package; procurement information portal; Kenya's debt; development partner; COVID-19; Credit; Global
    Scope: 1 Online-Ressource (circa 122 Seiten), Illustrationen
  17. Republic of Madagascar
    request for a 40-month arrangement under the extended credit facility : press release; staff report; and statement by the Executive Director for Republic of Madagascar
    Published: April 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4... more

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    The COVID-19 pandemic has hit Madagascar hard, reversing recent progress in per capita income and poverty reduction. GDP is estimated to have contracted by 4.2 percent in 2020. Two RCF disbursements approved on April 3 and July 30 (totaling 2.4 percent of GDP) helped close short-term financing gaps, supported mitigation measures, and contributed to catalyzing donor budget support. The authorities are seeking renewed Fund assistance to help the country face protracted balance of payment needs aggravated by the impact of the pandemic and support the authorities' reform agenda summarized in the Plan Emergence Madagascar (PEM)

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513576794
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    Series: IMF country reports ; 21, 75
    Subjects: ECF arrangement; financing gap; reform strategy; financing needs; frontloaded disbursement; COVID-19; Credit; Global
    Scope: 1 Online-Ressource (circa 130 Seiten), Illustrationen
  18. Islamic Republic of Mauritania
    sixth review under the extended credit facility arrangement and request for waiver of nonobservance of a performance criterion : press release; staff report; and statement by the Executive Director for the Islamic Republic of Mauritania
    Published: March 2021
    Publisher:  International Monetary Fund, Washington, D.C.

    The COVID-19 pandemic is having a severe human, economic, and social impact on Mauritania. The economy is estimated to have contracted by about 2 percent in 2020 and the crisis generated large financing needs. The authorities responded swiftly to... more

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    The COVID-19 pandemic is having a severe human, economic, and social impact on Mauritania. The economy is estimated to have contracted by about 2 percent in 2020 and the crisis generated large financing needs. The authorities responded swiftly to mitigate the impact of the pandemic while international partners provided grants, loans, and debt service suspension. This, compounded by higher commodity exports (iron ore and gold) and some delays in emergency spending, resulted in unexpected fiscal surpluses and an accumulation of international reserves, which may now be used to support the recovery in 2021-22. The outlook remains highly uncertain and dependent on volatile commodity markets, with sizable downside risks in case new waves of the pandemic spill over into Mauritania

     
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9781513573854
    Other identifier:
    Series: IMF country reports ; 21, 52
    Subjects: ISCR; CR; higher-than-anticipated financing; poverty-reducing expenditure; ECF arrangement; successor ECF; debt service suspension; Executive Board discussion; disbursement of SDR; COVID-19; Credit; Debt service; Global
    Scope: 1 Online-Ressource (circa 92 Seiten), Illustrationen