Mauritania : Accelerating Diversified, Private Sector-Led Growth

Mauritania : Accelerating Diversified, Private Sector-Led Growth

In 1992, the Government of Mauritania embarked on a series of macroeconomic and structural reforms that have stimulated sustained economic growth, stabilized public finances, and reduced the state's role in the economy and increased private se...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	MACROECONOMIC REFORM PRIVATE SECTOR ECONOMIC GROWTH PUBLIC FINANCE MANAGEMENT SOCIAL INDICATORS POVERTY REDUCTION STRATEGIES HEAVILY INDEBTED POOR COUNTRIES INSTITUTIONAL REFORMS ECONOMIC REFORM STRUCTURAL REFORM ECONOMIC IMPACT SOCIAL IMPACTS MACROECONOMIC MANAGEMENT PRIVATE INVESTMENTS INFRASTRUCTURE DEVELOPMENT FINANCIAL SYSTEMS FINANCIAL RESOURCES OIL SECTOR FISCAL REFORM HYDROCARBON INDUSTRIES CAPACITY BUILDING MANAGEMENT CAPACITY OIL RESOURCES AGGREGATE DEMAND AGRICULTURAL PRODUCTION AGRICULTURE ANALYTICAL WORK BANKING SUPERVISION BUSINESS LAW CENTRAL BANK CIVIL SOCIETY CLIMATE CLIMATIC CONDITIONS COMMERCIAL BANKS COMPETITIVENESS CREDIT SCHEME DEBT DEBT RELIEF DECENTRALIZATION DEREGULATION DEVELOPMENT ASSISTANCE DEVELOPMENT POLICY DEVELOPMENT STRATEGY DISCOVERIES ECONOMIC ACTIVITIES ECONOMIC DEVELOPMENT ECONOMIC INTEGRATION ECONOMIC MEMORANDUM ECONOMIC POLICIES ELASTICITY EMPLOYMENT EXCHANGE RATE EXPLOITATION EXPORTS EXTERNAL DEBT EXTERNAL ENVIRONMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FISH FISHERIES FISHING FOREIGN EXCHANGE FORMAL ECONOMY GDP GROSS DOMESTIC PRODUCT HEALTH CARE HEALTH SECTOR HEALTH SERVICES HEALTH SURVEY HOUSEHOLD SURVEY HUMAN RIGHTS ILLITERACY INCOME INCOME GENERATION INFLATION INFLATION RATE INFORMAL SECTOR INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK IRON LABOR COSTS LABOR FORCE LABOR MARKET LIQUIDITY LIVING STANDARDS MACROECONOMIC FRAMEWORK MACROECONOMIC POLICIES MACROECONOMIC STABILITY MANUFACTURING SECTOR MARKETING MATERIAL RESOURCES MIGRATION MONITORING PROGRAMS MONOPOLIES NATIONAL LEVEL OIL POLICY ANALYSIS POOR COUNTRIES POPULATION GROWTH POVERTY ASSESSMENT POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRESENT VALUE PRIMARY EDUCATION PRODUCERS PROFESSIONAL TRAINING PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURES PUBLIC RESOURCES REDUCING POVERTY REGULATORY FRAMEWORK RESOURCE CONSERVATION RURAL AREAS SAVINGS SERVICE DELIVERY SOCIAL SECTORS STATISTICAL OFFICE STRUCTURAL ADJUSTMENT STRUCTURAL CHANGE STRUCTURAL REFORMS TASK TEAM LEADER TAX REFORMS TAX REGIME TAX REVENUE TECHNICAL ASSISTANCE TELECOMMUNICATIONS TRADE BARRIERS TRADE TAXES TRANSACTION COSTS UNEMPLOYMENT URBAN AREAS URBAN POPULATION WAGES WATER RESOURCES WORKERS WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/2003/11/2804652/mauritania-accelerating-diversified-private-sector-led-growth http://hdl.handle.net/10986/14654

Description
Summary:	In 1992, the Government of Mauritania embarked on a series of macroeconomic and structural reforms that have stimulated sustained economic growth, stabilized public finances, and reduced the state's role in the economy and increased private sector activity. These positive developments, furthermore, have resulted in a decline in the incidence of poverty and improvements in social indicators. In order to consolidate and further build upon these achievements, the government has designed a poverty reduction strategy (PRS) that aims to sharply reduce poverty and improve social indicators over the 2001-2004 period. This Country Economic Memorandum (CEM) reviews the economic, structural, and institutional reforms introduced by the Government of the Islamic Republic of Mauritania (GIRM) since 1992, and assesses the economic and social impact of these measures, as a prelude to exploring the long-term structural and regulatory constraints that Mauritania needs to deal with, in order to achieve an accelerated, diversified private sector-led growth and poverty reduction. While sound macroeconomic management is a cornerstone to build the bases of stronger medium and long-term economic growth. Key policy actions leading to the high growth scenario are: enhancing the enabling environment, promoting private investment in the productive sectors in order to diversify the sources of growth, and developing basic infrastructure.