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 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.

Saved in:
Bibliographic Details
Main Author: World Bank
Language:English
en_US
Published: Washington, DC 2003-11-07
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
https://hdl.handle.net/10986/14654
Tags: Add Tag
No Tags, Be the first to tag this record!
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.

Similar Items