IMF mission announces release of US$ 24 million to Mauritania

Nouakchott, Mauritania (PANA) - The Mauritanian authorities and the International Monetary Funds (IMF) have agreed on the anticipated conclusion of the first review of the programme supported by the extended credit facility (ECF) that will result in the release of US$ 24 million, according to the mission that stayed in Nouakchott from 8-21 March, 2018.

The IMF delegation was led by Eric Mottu, deputy division chief, the mission chief for Djibouti and Mauritania.

The team indicated that the economic programme of the Mauritanian authorities is positive and its execution satisfactory.

During their visit to Nouakchott, the IMF mission and the Mauritanian authorities discussed the economic and financial programme supported by the extended credit facility (ECF).

Analysing the situation in Mauritania, the IMF mission said that ‘the economic recovery was confirmed with an estimated growth rate between 3 and 3.25% in 2017 and 2018, and a moderate inflation rate of 2.3% on average in 2017. International reserves reached US$ 849 million in late 2017, or 5.1 months of non-extractive imports.

On the other hand, the country’s debt slowed down, with a foreign debt which stabilised at 72% of the Gross domestic Product.
-0- PANA SAS/JSG/MSA/VAO 22March2018

22 march 2018 12:59:31

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