Mauritania - Country assistance evaluation (英语)
This country assistance evaluation (CAE) provides an independent assessment of the Bank assistance to Mauritania during the period 1992-2003, when 24 Bank operations were approved, with an increasing trend, so that by the latter half of the period, Bank... 更多显示
This country assistance evaluation (CAE) provides an independent assessment of the Bank assistance to Mauritania during the period 1992-2003, when 24 Bank operations were approved, with an increasing trend, so that by the latter half of the period, Bank commitments averaged about US$21 per capita, significantly above that of countries of comparable size and income level in the Africa region, as well as above the IDA allocations. Mauritania also received substantial net ODA inflows from other sources, averaging about US$76 per capita during this period. The sectoral allocation of Bank lending reflected a shift in the focus of the Bank's strategy from the 1980s towards education and health, which accounted for some 27 percent of total commitments, and urban development, at about 14 percent. The Bank continued to focus on agriculture and rural development, but lending to this sector was relatively lower. Adjustment lending was significant, accounting for about 29 percent of commitments over the period; however, efforts to promote private sector development have met with limited success, and the foreign exchange market and financial intermediation are still inefficient. The overall outcome of the Bank's assistance is rated as unsatisfactory, while the institutional development impact is rated as modest. The sustainability of the benefits of Bank assistance is rated, on balance, likely but there are important risks. Macroeconomic stability appears to have deteriorated sharply in recent years; accountability and transparency in the use of oil revenues are not assured; and the lack of competition in banking and other key economic activities is exacerbating the economy's duality. In developing the future assistance strategy, it will be essential for the Bank to help Mauritania formulate a more pro-poor growth strategy, with a stronger focus on reducing inequalities. Greater attention needs to be given to removing the institutional constraints to private sector development, addressing the difficulties in obtaining foreign exchange in commercial banks, expanding access to credit beyond the few businesses associated with bankers, and helping to strengthen the judiciary system. Finally, governance issues deserve more emphasis. As the government expects to begin receiving oil revenues in 2006, and there are already issues of fiscal transparency, the Bank needs to condition its support on ensuring that the oil sector is managed transparently, and the benefits reach all segments of the population.