World Bank2013-10-032013-10-032013https://hdl.handle.net/10986/16065The 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.en-USCC BY 3.0 IGOACCEPTABLE COLLATERALACCESS POINTACCESS TO BANKINGACCESS TO BANKING SERVICESACCESS TO CREDITACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESS TO FINANCINGACCESS TO LOANSACCOUNT HOLDERSACCOUNT MANAGEMENTACCOUNTINGAFFILIATED COMPANIESAGRICULTURAL BANKAGRICULTURAL CREDITARREARSASSET MANAGEMENTAUDITINGAUDITORSAUDITSAUTONOMYBAD DEBTSBALANCE SHEETBALANCE SHEETSBANK ACCOUNTBANK ACCOUNTSBANK ASSETSBANK BRANCHESBANK CREDITBANK DEPOSITSBANK FINANCINGBANK LOANSBANKING LAWBANKING NETWORKBANKING NETWORKSBANKING SECTORBANKING SUPERVISIONBANKING SYSTEMBANKSBENEFIT PAYMENTSBOND MARKETBUSINESS COMMUNITYBUSINESS DEVELOPMENTBUSINESS PLANSBUSINESS RISKSBUSINESS VOLUMECAPACITY BUILDINGCAPITAL ASSETCAPITAL MARKETSCASH FLOWCASH PAYMENTSCHAMBER OF COMMERCECHECKING ACCOUNTSCLEARING HOUSECOLLATERALSCOMMERCIAL BANKCOMMERCIAL BANKSCOST-SHARINGCREDIT ANALYSISCREDIT BUREAUCREDIT CARDCREDIT CARDSCREDIT COOPERATIVECREDIT COOPERATIVESCREDIT INFORMATIONCREDIT INFORMATION SYSTEMSCREDIT INSTITUTIONSCREDIT RISKCREDIT UNIONCREDITSCURRENT ACCOUNTCURRENT ACCOUNTSCUSTOMER BASEDEBTDEBT COLLECTIONDEBTSDEFICITSDEMAND DEPOSITSDEMAND FOR COLLATERALDEPOSITDEPOSIT ACCOUNTSDEPOSITORSDEPOSITSDIVERSIFICATIONEARNINGSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC POLICIESEIBEMPLOYERSEMPLOYMENTEQUALITYEQUITY CAPITALEXPENDITURESEXTERNAL FINANCINGEXTERNAL SHOCKSFACTORINGFAMILIESFARMERFARMERSFINANCIAL ANALYSISFINANCIAL CAPACITIESFINANCIAL CAPACITYFINANCIAL INSTITUTIONSFINANCIAL INTERMEDIARIESFINANCIAL INTERMEDIATIONFINANCIAL LITERACYFINANCIAL MANAGEMENTFINANCIAL MARKETFINANCIAL MARKETSFINANCIAL NEEDSFINANCIAL PERFORMANCEFINANCIAL PRODUCTSFINANCIAL RESOURCESFINANCIAL SECTOR ASSESSMENTFINANCIAL SECTOR DEVELOPMENTFINANCIAL SELF-SUFFICIENCYFINANCIAL SYSTEMFINANCING ACCESSFOREIGN BANKSFOREIGN EXCHANGEFOREIGN INVESTMENTHANDICRAFTHIGH INTEREST RATEHOUSEHOLDSHOUSINGHOUSING FINANCEHOUSING LOANHOUSING LOANSINCOME-GENERATING ACTIVITIESINFLATIONINFORMATION MANAGEMENTINFORMATION SYSTEMINFORMATION SYSTEMSINFORMATION TECHNOLOGYINSTALLMENTINSURANCEINTEREST RATE RISKSINTEREST RATESINTERNAL CONTROLSINVESTMENT BANKISLAMIC BANKINGJOB CREATIONLABOR MARKETLACK OF ACCESSLACK OF AWARENESSLACK OF KNOWLEDGELAND DEVELOPMENTLAND REGISTRATIONLAWSLEGAL FRAMEWORKLEGISLATIONLIMITED ACCESSLINE OF CREDITLINES OF CREDITLIQUIDITY RATIOLOANLOAN AMOUNTLOAN ANALYSISLOAN PORTFOLIOLOAN RECOVERYMANAGEMENT INFORMATION SYSTEMSMARKET DEVELOPMENTMERCHANTSMFIMFISMICRO FINANCEMICRO FINANCE INSTITUTIONMICRO-CREDITMICRO-ENTERPRISESMICRO-FINANCEMICRO-FINANCE INSTITUTIONSMICROCREDITMICROFINANCEMICROFINANCE INSTITUTIONMICROFINANCE INSTITUTIONSMONEY LAUNDERINGMORTGAGEMORTGAGESNATIONAL BANKNET WORTHNEW COMPANIESNONPERFORMING LOANSOPERATING COSTSOPERATING RATIOPAYMENT SYSTEMSPENETRATION RATEPENSION FUNDPENSION FUNDSPENSIONSPRIVATE INVESTMENTSPRIVATE SAVINGSPRODUCTIVITYPROFITABILITYPROMOTION ACTIVITYREAL ESTATEREAL PROPERTYREGULATORY FRAMEWORKREORGANIZATIONRETAINED EARNINGSRETIREMENTRURAL ACCESSRURAL FINANCERURAL FINANCIAL SERVICESRURAL FINANCINGRURAL LOANSSAVINGSSAVINGS ACCOUNTSSAVINGS PLANSSECURITIESSHORT-TERM DEPOSITSSMALL BUSINESSESSMALL ENTERPRISESSOCIAL SECURITYSOLVENCYSTOCK MARKETSUBSIDIARYTECHNICAL ASSISTANCETECHNICAL SUPPORTTRAINING CENTERTRANSPORTTREASURY BILLSUNIONURBAN AREASURBAN DEVELOPMENTVENTURE CAPITALWAREHOUSEWAREHOUSE RECEIPTWORKING CAPITALWorld Bank10.1596/16065