Islamic Republic of Mauritania : Financial Sector Development Strategy and Action Plan 2013-2017

The financial sector comprises all institutions and agencies that are involved in financing the economy, mobilizing savings, managing risks and providing means of payment. In view of the importance of the services rendered, the financial sector con...

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Bibliographic Details
Main Author:	World Bank
Format:	Other Financial Sector Study
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCEPTABLE COLLATERAL ACCESS POINT ACCESS TO BANKING ACCESS TO BANKING SERVICES ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESS TO FINANCING ACCESS TO LOANS ACCOUNT HOLDERS ACCOUNT MANAGEMENT ACCOUNTING AFFILIATED COMPANIES AGRICULTURAL BANK AGRICULTURAL CREDIT ARREARS ASSET MANAGEMENT AUDITING AUDITORS AUDITS AUTONOMY BAD DEBTS BALANCE SHEET BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK ASSETS BANK BRANCHES BANK CREDIT BANK DEPOSITS BANK FINANCING BANK LOANS BANKING LAW BANKING NETWORK BANKING NETWORKS BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BANKS BENEFIT PAYMENTS BOND MARKET BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS PLANS BUSINESS RISKS BUSINESS VOLUME CAPACITY BUILDING CAPITAL ASSET CAPITAL MARKETS CASH FLOW CASH PAYMENTS CHAMBER OF COMMERCE CHECKING ACCOUNTS CLEARING HOUSE COLLATERALS COMMERCIAL BANK COMMERCIAL BANKS COST-SHARING CREDIT ANALYSIS CREDIT BUREAU CREDIT CARD CREDIT CARDS CREDIT COOPERATIVE CREDIT COOPERATIVES CREDIT INFORMATION CREDIT INFORMATION SYSTEMS CREDIT INSTITUTIONS CREDIT RISK CREDIT UNION CREDITS CURRENT ACCOUNT CURRENT ACCOUNTS CUSTOMER BASE DEBT DEBT COLLECTION DEBTS DEFICITS DEMAND DEPOSITS DEMAND FOR COLLATERAL DEPOSIT DEPOSIT ACCOUNTS DEPOSITORS DEPOSITS DIVERSIFICATION EARNINGS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC POLICIES EIB EMPLOYERS EMPLOYMENT EQUALITY EQUITY CAPITAL EXPENDITURES EXTERNAL FINANCING EXTERNAL SHOCKS FACTORING FAMILIES FARMER FARMERS FINANCIAL ANALYSIS FINANCIAL CAPACITIES FINANCIAL CAPACITY FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIATION FINANCIAL LITERACY FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL NEEDS FINANCIAL PERFORMANCE FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR ASSESSMENT FINANCIAL SECTOR DEVELOPMENT FINANCIAL SELF-SUFFICIENCY FINANCIAL SYSTEM FINANCING ACCESS FOREIGN BANKS FOREIGN EXCHANGE FOREIGN INVESTMENT HANDICRAFT HIGH INTEREST RATE HOUSEHOLDS HOUSING HOUSING FINANCE HOUSING LOAN HOUSING LOANS INCOME-GENERATING ACTIVITIES INFLATION INFORMATION MANAGEMENT INFORMATION SYSTEM INFORMATION SYSTEMS INFORMATION TECHNOLOGY INSTALLMENT INSURANCE INTEREST RATE RISKS INTEREST RATES INTERNAL CONTROLS INVESTMENT BANK ISLAMIC BANKING JOB CREATION LABOR MARKET LACK OF ACCESS LACK OF AWARENESS LACK OF KNOWLEDGE LAND DEVELOPMENT LAND REGISTRATION LAWS LEGAL FRAMEWORK LEGISLATION LIMITED ACCESS LINE OF CREDIT LINES OF CREDIT LIQUIDITY RATIO LOAN LOAN AMOUNT LOAN ANALYSIS LOAN PORTFOLIO LOAN RECOVERY MANAGEMENT INFORMATION SYSTEMS MARKET DEVELOPMENT MERCHANTS MFI MFIS MICRO FINANCE MICRO FINANCE INSTITUTION MICRO-CREDIT MICRO-ENTERPRISES MICRO-FINANCE MICRO-FINANCE INSTITUTIONS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MONEY LAUNDERING MORTGAGE MORTGAGES NATIONAL BANK NET WORTH NEW COMPANIES NONPERFORMING LOANS OPERATING COSTS OPERATING RATIO PAYMENT SYSTEMS PENETRATION RATE PENSION FUND PENSION FUNDS PENSIONS PRIVATE INVESTMENTS PRIVATE SAVINGS PRODUCTIVITY PROFITABILITY PROMOTION ACTIVITY REAL ESTATE REAL PROPERTY REGULATORY FRAMEWORK REORGANIZATION RETAINED EARNINGS RETIREMENT RURAL ACCESS RURAL FINANCE RURAL FINANCIAL SERVICES RURAL FINANCING RURAL LOANS SAVINGS SAVINGS ACCOUNTS SAVINGS PLANS SECURITIES SHORT-TERM DEPOSITS SMALL BUSINESSES SMALL ENTERPRISES SOCIAL SECURITY SOLVENCY STOCK MARKET SUBSIDIARY TECHNICAL ASSISTANCE TECHNICAL SUPPORT TRAINING CENTER TRANSPORT TREASURY BILLS UNION URBAN AREAS URBAN DEVELOPMENT VENTURE CAPITAL WAREHOUSE WAREHOUSE RECEIPT WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2013/01/17984466/mauritania-financial-sector-development-strategy-action-plan-2013-2017 http://hdl.handle.net/10986/16065

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Summary:	The financial sector comprises all institutions and agencies that are involved in financing the economy, mobilizing savings, managing risks and providing means of payment. In view of the importance of the services rendered, the financial sector constitutes the footing of development of the national economy. Economic growth, private sector development, job creation and poverty reduction depend on a sound, efficient and vigorous financial sector. In its efforts to develop the financial sector and enable it to effectively support the development of the national economy, the Government of Mauritania has sought the support of the World Bank and the International Monetary Fund (IMF). Accordingly, under the Financial Sector Assessment Program (FSAP), a joint International Monetary Fund (IMF) and World Bank mission conducted a study on the financial sector in Mauritania in February 2006. The study analyzed the financial performance, as well as the strengths and weaknesses of the sector institutions, and level of access to financial services. As at 31 December 2012, the financial sector comprised: (a) a Central Bank; (b) 17 licensed banks and financial establishments ; (c) 30 licensed microfinance institutions (MFI) and a project , (d) postal financial services ; (e) 11 insurance companies; (f) 2 social security schemes, with an institution, the National Social Security Fund (CNSS); and (g) 31 licensed foreign exchange offices. The total assets of these institutions stood at about UM 520 billion (about USD 2 billion). There is a nascent money market (treasury bills market and interbank market). There are no stocks and bonds market. Banks dominate the sector with nearly 93 percent of total assets.

Islamic Republic of Mauritania : Financial Sector Development Strategy and Action Plan 2013-2017

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