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Economic & Sector Work :: Country Economic Memorandum

Mauritania - Policy Options to Enhance Private Sector Development : Country Economic Memorandum

ACCESS TO FINANCING ACCOUNTING ADMINISTRATIVE PROCEDURES AGRICULTURAL PRODUCTION AGRICULTURE ANTI-COMPETITIVE PRACTICES ARABLE LAND BENEFIT ANALYSIS BID BUSINESS CLIMATE BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS CAPACITY BUILDING CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL NEEDS CENTRAL BANK COLLUSION COMMERCIAL GROUPS COMMODITY COMMODITY TRADERS COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVENESS COMPLIANCE COST CONSUMER GOODS CONSUMERS COST-BENEFIT ANALYSES CPI CURRENT ACCOUNT BALANCE DEMOGRAPHIC DEPOSITS DEVELOPMENT STRATEGY DOMESTIC MARKET DUAL ECONOMY ECONOMIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC PERFORMANCE ECONOMIC REFORMS ECONOMICS ELECTRICITY EMPIRICAL ANALYSIS EMPIRICAL RESEARCH ENABLING ENVIRONMENT ENVIRONMENTAL ENVIRONMENTAL DEGRADATION ENVIRONMENTAL ISSUES ENVIRONMENTS EQUIPMENT EXISTING GOVERNMENT EXPLOITATION EXPORTS FARMS FEASIBILITY STUDIES FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STRUCTURES FINANCIAL SYSTEM FISCAL BURDEN FISCAL POLICY FISH FISHERIES FISHERIES MANAGEMENT FISHING FOOD PRICE FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENT FOREIGN TRADE GDP PER CAPITA GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT REGULATIONS GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCES INCOME INCOME INEQUALITY INCOME LEVELS INCOME TAX INCOMES INDUSTRIALIZATION INFLATION INFORMAL ECONOMY INFORMATION SYSTEM INSTRUMENT INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRANSACTIONS INVENTORY INVESTMENT CLIMATE INVESTMENT CLIMATE REFORMS INVESTMENT OPPORTUNITIES INVESTMENT POLICY INVESTMENT STRATEGIES JOB CREATION JUDICIAL SYSTEM LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LACK OF TRANSPARENCY LAND TITLES LAW ENFORCEMENT LEGAL ENVIRONMENT LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISIONS LEGAL SYSTEM LEVIES LEVY LOCAL BUSINESS LOCAL GOVERNMENTS LOW-INCOME COUNTRY MACROECONOMIC DATA MACROECONOMIC PERFORMANCE MARGINAL BENEFITS MARGINAL COST MARGINAL COSTS MARKET ACCESS MARKET DISTORTIONS MARKET SHARE MARKET SHARES MARKET SIZE MARKET STRUCTURE MARKET STRUCTURES MARKET SURVEILLANCE MICRO-ENTERPRISES MICROCREDIT MICROENTERPRISES MINES MOBILE PHONE MONOPOLIES MONOPOLY NATIONAL BANK NATIONAL BANKS NATIONAL INFRASTRUCTURE NATURAL RESOURCE NATURAL RESOURCES NATURAL RESOURCES EXPLOITATION OIL OIL SECTOR OLIGOPOLIES OPERATIONAL INDEPENDENCE OPTIMIZATION PENSION POLITICAL SYSTEM POLITICAL UNCERTAINTY POLITICAL UNREST PRICE FIXING PRICE INCREASES PRICE VOLATILITY PRIVATE GOODS PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCERS PRODUCTION INPUTS PRODUCTION STRUCTURE PUBLIC EXPENDITURES PUBLIC MARKETS PUBLIC-PRIVATE PARTNERSHIP PUBLIC-PRIVATE PARTNERSHIPS RATE OF RETURN RATES OF RETURN REAL GDP REGULATORY AGENCY REGULATORY BARRIERS REGULATORY REGIMES RENT SEEKING RETURNS RURAL COMMUNITIES SKILLED WORKERS SMALL BUSINESS SMALL BUSINESSES SMALL ENTERPRISES SOCIAL PROTECTION STATISTICAL DATA SUSTAINABLE GROWTH SUSTAINABLE MANAGEMENT TAX TAX BREAKS TAX POLICY TAX RATE TAX RATES TAX REGIME TAX REGIMES TAX REVENUE TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TELEPHONE SERVICES TOTAL OUTPUT TRADE LIBERALIZATION TRADE REFORMS TRANSPARENCY TURNOVER UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNFAIR COMPETITION VALUE ADDED WAGES WEAK ENFORCEMENT WEALTH WITHHOLDING TAX WORLD DEVELOPMENT INDICATORS WORLD MARKET WORLD TRADE WORLD TRADE ORGANIZATION WTO
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World Bank
Africa | West Africa | Sub-Saharan Africa | Sahel | Mauritania
2012-03-19T10:23:01Z | 2012-03-19T10:23:01Z | 2010-04-01

Mauritania has undergone massive economic and political changes. Mauritania is a West African country located on the western edge of the Sahara desert, with a population of approximately 3 million people that is mostly concentrated in the urban areas. Since independence in the 1960s, Mauritania's economy has been dependent on natural resources, iron ore first then combined with fisheries, and presently oil and other minerals. Natural resources exploitation and more recently oil discovery boosted Mauritania's rate of economic growth, but key challenges remain, in particular the promotion of productive value-adding activities and the creation of a strong, formal class of small and medium-sized enterprises (SMEs). The Government of Mauritania recognizes the strategic role of the private sector and the urgency of supporting SME development as a catalyst for long-term growth. In the Second Poverty Reduction Strategy Paper (GPRSP-II), the Mauritanian authorities indicated that accelerating economic growth will be based on: (i) optimizing spinoff effects from developing the oil business and implementing more effective policies for harnessing the growth potential of other promising sectors; (ii) a thorough reform of the financial system; (iii) significant improvement in the business climate and the development of SMEs; and (iv) giving a greater economic and land-use planning dimension to the infrastructure that supports growth (World Bank, 2006). Furthermore, the authorities identified several priorities to improve the business climate and promotion of SMEs, as follows: (i) improving the legal environment for businesses; (ii) fighting anti-competitive practices; (iii) making tax and customs policies more favorable to business; and (iv) institutional support for the development of trade and commerce. This country economic memorandum (CEM) examines the four most constraining factors to private sector development and proposes the formulation of practical solutions to enable the emergence of a strong class of formal private firms. Specifically, to accelerate growth and to attain the four strategic GPRSP II objectives - (i) optimize spinoff effects; (ii) reform financial system; (iii) improve the business climate and the development of SMEs; and (iv) improve business enabling infrastructure), the CEM analyses the role of taxation to promote firm formalization; skills development to enhance labor productivity; competition policy as a way to address anticompetitive market conduct; and the options for establishing special economic zones as instruments to close infrastructure gaps and promote investment climate reforms.

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