The World Bank Implementation Status & Results Report Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) WESTERN AND CENTRAL AFRICA | Mauritania | IBRD/IDA | Development Policy Financing (DPF) | FY 2024 | Seq No: 1 | Archived on 03-Mar-2025 | ISR03086 Implementing Agencies: MINISTRY OF ECONOMY AND SUSTAINABLE DEVELOPMENT 1. OBJECTIVE 1.1 Development Objective Original Development Objective (Approved as part of Approval package on 28-Feb-2024) The Program Development Objective (PDO) is to strengthen the foundations for: (i) sound fiscal and debt management; and (ii) a competitive and climate-resilient economy. Has the Development Objective been changed since Board Approval of the Project Objective? No 2. OVERALL RATINGS Name Current Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Overall Risk Rating Moderate Comments No comment 3. KEY ISSUES & STATUS 3.1 Implementation Status and Key Decisions The Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) was approved by the World Bank on February 29, 2024, and became effective on August 5, 2024. This is the first ISR of the operation. The Cat DDO portion of the DPL (US$24 million) has not yet been triggered. Overall, progress has been Satisfactory during the first year since approval, as evidenced by the progress on each of the indicators which are on track to be achieved before the closing of the operation in 2027. Mar 03, 2025 Page 1 of 6 The World Bank Implementation Status & Results Report Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) 4. SYSTEMATIC OPERATIONS RISK-RATING TOOL Rating at Approval Risk Category Approval Package - 29 Feb Proposed Rating 2024 Political and Governance  Moderate Macroeconomic  Moderate Sector Strategies and Policies  Moderate Technical Design of Project or Program  Moderate Institutional Capacity for Implementation and  Substantial Sustainability Fiduciary  Moderate Environment and Social  Low Stakeholders  Moderate Overall  Moderate Mar 03, 2025 Page 2 of 6 The World Bank Implementation Status & Results Report Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) 5. RESULTS 5.1 Indicators by Pillars Pillar 1: Strengthening the foundations for sound fiscal and debt management Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 1.a: Number of MTDS and 0 Dec/2022 2 24-Feb-2025 2 24-Feb-2025 3 Jun/2027 ABP published (Number) 1.b: Percentage decrease in 0 Dec/2022 3 24-Feb-2025 3 24-Feb-2025 3.10 Jun/2027 external debt (as a Comments on Current external debt is 84.9% of total debt. The Government will decrease the weight of proportion of total debt) achieving targets external debt by issuing medium term (5 year) treasury titles. The target would be to reach consistent with the 2024- a 20/80 ratio of internal vs. external debt by 2027. 2026 MTDS (Percentage) 2: SOEs accounting for at No Dec/2022 Yes 24-Feb-2025 Yes 24-Feb-2025 Yes Jun/2027 least 80 percent of the total Comments on All SOEs reported their 2023 guaranteed and non-guaranteed debt by January 2025 turnover of the SOE portfolio achieving targets have reported their guaranteed debt and non- guaranteed debt to the debt management entities (Number (Thousand)) 3: Number of fiscal risk 1 Dec/2022 0 24-Feb-2025 0 24-Feb-2025 3 Jun/2027 statements published using Comments on Using the available methodology that was developed through Bank's technical assistance, the new methodology and achieving targets the Bank will continue supporting the Government in the development of a first, high-level including estimates of fiscal risk statement including estimates of climate related risks and mitigation measures climate related risks and Mar 03, 2025 Page 3 of 6 The World Bank Implementation Status & Results Report Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) mitigation measures (Number) 0 Dec/2022 13.40 24-Feb-2025 13.40 24-Feb-2025 >50 Jun/2027 4.a: Amount of taxes paid by large companies using the Comments on the use of the digital platform for the filing and payment of taxes by larges firms have been online platform, as a achieving targets constrained by the (i) the difficulties to add additional taxes in the platform and (ii) lack of percentage of total taxes synchronization between the filing and payment platform and the tax processing software declared by large firms Jibaya used by the tax administration. Maintenance contracts for these two systems were (Percentage) recently signed and will help solved these issues. Also, the tax administration will launch a communication campaign that will sensitize firms to the use of the platform 4.b: Tax revenues (excluding 13.10 Dec/2022 14.30 24-Feb-2025 14.30 24-Feb-2025 15.10 Jun/2027 extractive) in percentage of GDP (Percentage) Pillar 2. Strengthening the foundation for a competitive and climate-resilient economy Baseline Actual (Previous) Actual (Current) Closing Period Indicator Name Value Month/Year Value Date Value Date Value Month/Year 5: Total number of 0 Dec/2022 0 24-Feb-2025 0 24-Feb-2025 3 Jun/2027 competition policy decisions Comments on A decree defining the composition of the competition council and its rules of functioning taken by the Competition achieving targets has been issued on December 2024, but the head and members of the council are not yet Council (Number) appointed 0 Dec/2022 80 24-Feb-2025 80 24-Feb-2025 100 Jun/2027 6.a: Share of wilayas with an Comments on The Ministry of Interior is considering the strengthening of Emergency Regional Emergency Regional achieving targets Committees through the provision of emergency materials and carrying out regional Committee in place and emergency drills. So far, there are 12 Wilayas that have established Emergency Regional operating rules approved Committees, which have been prioritized given their exposition to multiple hazards, and and published (Percentage) three that are still outstanding (Dakhlet Nouadhibou, Adrar, Tiris Zemmour). Two committees (Gorgol and Trarza) have been in contact with the Bank-financed MOUDOUN for an expression of needs for the provision of equipment for flood risk management. Mar 03, 2025 Page 4 of 6 The World Bank Implementation Status & Results Report Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) No Dec/2022 No 24-Feb-2025 No 24-Feb-2025 Yes Jun/2027 Comments on The Ministry is working with the regional emergency committees so that emergency 6.b: Data and information achieving targets preparedness and post emergency response documents are disaggregated by gender, age, gathered and used in post and disability, however, this is not yet achieved. The Ministry has requested support disaster assessments and through MOUDOUN to hire a consultant to support a study on how to materialize this. The preparedness activities are social registry, which is categorized by age and gender, is usually used in emergency disaggregated by sex, age, situations, but the idea is to go beyond the registry as there are households that are not and disability (Text) included. This effort is also linked to the DPO series in preparation, which includes a PA for establishing a unique register for flood-affected households based and fully aligned with the social registry. 0 Dec/2022 10 24-Feb-2025 10 24-Feb-2025 >25 Jun/2027 Comments on The process for the schema directeurs urbain (SDAUs) was launched in November 2024 and achieving targets is under development for 10 secondary cities. The diagnostic phase is nearly completed 7: Share of urban (90%) and has been accompanied by consultations and trainings on what the SDAUs entail municipalities covered by and their objectives. The next stage (provisional report) will be finalized in April and the planning instruments final report will be delivered in September 2025. Once finalized, this will be the first time integrating climate and that Mauritania’s cities (except for Nouatchot and Rosso, which were completed in 2019 disaster risk management and last year, respectively) have updated planning instruments. There will be three cities considerations (percentage) that will not be covered by this ongoing effort, but there will be an action plan to be (Percentage) developed to see how to cover all the major cities in the country. The SDAUS are materialized through decrees that are approved at the level of the council of ministers without going through parliament. Mayors and governors are engaged since the diagnostics stage and regional councils 0 Dec/2022 0 24-Feb-2025 0 24-Feb-2025 >20 Jun/2027 8: Share of coastal areas Comments on The coastal observatory was set up with delays in 2024 and thus far only one direction has covered by target achieving targets been appointed. There was a first tranche of budget for the observatory, but it is not fully cartography (percentage) operational and there has not been cartography produced yet. Through the WACA project, (Percentage) a group of specialists will accompany the observatory during the next 6 months and the cartography can be prioritized. Mar 03, 2025 Page 5 of 6 The World Bank Implementation Status & Results Report Mauritania Fiscal Management and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (P179263) 6. DATA ON FINANCIAL PERFORMANCE 6.1 Disbursements (by loan) Loan/Credit/TF Status Original Revised Cancelled Disbursed Undisbursed % Disbursed IDA-75040 Closed 24.00 24.40 0.00 24.40 0.00 100.00 % IDA-75030 Effective 24.00 24.15 0.00 0.00 24.15 0% 6.2 Key Dates (by loan) Loan/Credit/TF Status Approval Signing Effectiveness Orig. Closing Rev. Closing IDA-75030 Effective 29-Feb-2024 01-Mar-2024 05-Aug-2024 30-Jun-2027 30-Jun-2027 IDA-75040 Closed 29-Feb-2024 01-Mar-2024 05-Aug-2024 31-Dec-2024 31-Dec-2024 7. KEY DATES Key Events Planned Actual Approval 29-Feb-2024 29-Feb-2024 Effectiveness 05-Aug-2024 05-Aug-2024 Operation Closing/Cancellation 30-Jun-2027 8. TRANCHES No Tranches have been added 9. ASSOCIATED OPERATION(S) There are no associated operations Mar 03, 2025 Page 6 of 6