Mauritania Second Fiscal Consolidation and Private Sector Support DPO

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The development objective of the Second Fiscal Consolidation and Private Sector Support Development Policy Financing Project for Mauritania is to support fiscal consolidation and private sector participation in non‐extractives sectors. It is articulated around two pillars: pillar A of the programmatic series supports the government’s ongoing fiscal consolidation by increasing domestic revenues, controlling public enterprises expenditures, and increasing the efficiency of public spending. Pillar B supports the private sector‐led diversification in the non‐extractive sectors. The operation is aligned with the reform program of the government and its national development plan 2016‐2030 (national strategy for accelerated growth and shared prosperity (SCAPP)), and supported by ongoing technical assistance (TA) projects implemented under the upcoming World Bank’s FY18‐FY22 country partnership framework (CPF) for Mauritania. The macroeconomic policy framework provides an adequate basis for the operation.