The International Monetary Fund (IMF) has commended Mauritania for its effective reforms, noting improvements in public finances, monetary policy, exchange rate flexibility, and governance, all of which enhance the country’s appeal to future investors.
These remarks were made by Felix Fischer, IMF Vice-President for the Middle East and Central Asia, at a press conference in Nouakchott, following a two-week review of Mauritania’s economic progress, including its work with the Extended Credit Facility and Resilience and Sustainability Facility.
Minister of Economy and Finance, Sid’Ahmed Ould Bouh, welcomed the IMF’s support, highlighting the government’s focus on investment, job creation, and poverty reduction. He affirmed that Mauritania’s debt, at 40% of GDP, is under control.
Central Bank Governor Mohamed Lemine Dhehby pointed to 6.5% GDP growth in 2023, driven by sectors like agriculture and fisheries, and outlined ongoing reforms to strengthen the banking system and promote financial inclusion.