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Mauritania : counting on natural wealth for a sustainable future (Inglês)

A data set of key macro-sustainability indicators, constructed after several fact-finding missions, and World Bank methodologies on estimating wealth accounting are used to study Mauritania's wealth, which is estimated to be between USD50 and USD60 billion. The country's produced wealth represents roughly 12 percent of total wealth, much less than in lower-middle-income countries; by contrast, natural wealth represents approximately 45 percent of the total figure. Renewable resources account for slightly less than two-thirds of natural wealth, with fisheries alone equaling about one-fourth of natural wealth. This is good news for Mauritania, as sound management of these resources may ensure a constant flow of resources in the future and therefore -- with adequate policies -- the achievement of the same or higher levels of welfare for future generations. On the negative side, however, the ratio of net adjusted savings over gross national income is estimated to have been negative since 2006, meaning that the wealth of the country is being depleted. Mauritania has recently joined the ranks of lower-middle-income countries, largely thanks to its considerable natural resources endowment. Over time the mining sector's contribution to gross domestic product has grown significantly and important discoveries continue to be made. The overarching objective of this wealth accounting exercise is thus to support Mauritania to measure its assets better and achieve a more complete picture of the prospects for future income, with a view to better orienting public policies toward sustainable growth and shared prosperity. The paper concludes with several indicative policy recommendations.

Detalhes

  • Autor

    Mele,Gianluca

  • Data do documento

    2014/05/01

  • TIpo de documento

    Documento de trabalho sobre pesquisa de políticas

  • No. do relatório

    WPS6887

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Mauritânia,

  • Região

    África,

  • Data de divulgação

    2014/05/01

  • Disclosure Status

    Disclosed

  • Nome do documento

    Mauritania : counting on natural wealth for a sustainable future

  • Palavras-chave

    natural capital;natural wealth;iron ore;national wealth;Natural Resources;food and agricultural;oil and gas company;Operational Core Curriculum;renewable resource;nonrenewable resource;efficiency in public spending;access to drinking water;gross fixed capital formation;marginal utility of consumption;effect of climate change;fishery sector;permanent income hypothesis;human capital;gross domestic product;net present value;agriculture and livestock;net national saving;social discount rate;crude oil reserve;gdp growth rate;net foreign asset;Fisheries;long-term growth;efficient capital market;resource-rich developing country;public external debt;offshore oil well;gross national income;flow of resource;total private investment;macroeconomic and fiscal;global fish stocks;sustainable land use;income from livestock;large marine ecosystem;preservation of biodiversity;effect on employment;positive spillover effect;share of resource;natural resource rent;world market share;terms of trade;human capital investment;types of capital;natural capital amounts;nonrenewable natural capital;high poverty rate;stock of capital;renewable natural resource;private capital stock;expenditure on consumption;iron ore company;high oil price;corporate social responsibility;fishery resource;Learning and Innovation Credit;oil sector;oil production;artisanal fishing;resource-rich country;gold price;Mining;iron mine;trade balance;production cost;extractive resource;agricultural land;particulate emission;foreign company;extraction rates;international mining;export price;irrigation potential;fishing right;macroeconomic context;carbon dioxide;Extractive Industry;world price;arable land;public-private partnership;food crisis;mining revenue;productive capital;international fishing;Public Infrastructure;gold reserve;price volatility;local population;total stock;saving rate;long-term perspective;Job Creation;copper mine;resource sector;mining operator;petroleum reserve;real property;electricity cost;political instability;domestic saving;account analysis;Tax Administration;fiscal balance;general management;Macroeconomic Policy;fishery agreement;export concentration;negative effect;commodity market;Energy Projects;massive infrastructure;social spending;resource revenue;exchange rate;future revenue;rapid change;Political Economy;adequate liquidity;administrative capacity;Exchange Rates;fishery regulation;education spending;labor survey;public revenue;political history;exploitation agreement;local fish;commercial fishery;effective monitoring;fish product;fish species;environmental safeguard;labor regulation;financial compensation;price projection;resource exploitation;pasture land;commercial fishing;future price;iron production;large irrigation;data limitation;urban population;conservative approach;oil fund;gas natural;commodity price;Fiscal policies;investment capital;production capacity;methodological issue;european parliament;demersal fish;intervening factor;technological innovation;climatic shifts;extraction technology;utility function;tax revenue;resource wealth;consumption increase;current consumption;active mine;agricultural sector;employment estimates;production model;food need;land area;Hydroelectric Power;natural ecosystem;rice production;Irrigated Agriculture;vulnerable household;frozen fish;severe drought;global financial;economic research;climatic shocks;abundant rainfall;climate shock;traditional community;Livestock Production;primary sector;informal settlement;food price;upward pressure;food insecurity;fishing boat;seasonal worker;industrial fishing;fishing water;fiscal resource;annual production;hydrocarbon reserve;bilateral negotiation;public debt;international reserve;export good;partnership agreement;national budget;social dimension;export capacity;expansion plan;oil field;public goals;capital expenditure;extractive company;fiscal deficit;fiscal surplus;fisheries agreement;private interest;fiscal envelope;sound management;external shock;government use

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