Last updateMar, 27 Jan 2015 10pm

Economy: IMF pledges continued support to Mauritania

Nouakchott, Mauritania - An International Monetary Fund (IMF) mission, headed by Mrs. Mercedes Vera Martin, has ended a fact-finding visit to Mauritania, pledging to support the African country for making progress after a successful implementation of its credit programme from 2010 to 2013.

PANA reported that the mission, in Mauritania from 26 January to 10 February, said that the African nation made tremendous progress on macro-economic stability.

During its stay in Nouakchott, the IMF mission met with government officials, bankers, the private sector operators, civil society groups and sponsors.

It noted that in 2013, the Mauritanian economy became solid, following some mining and agricultural activities, associated with a controlled inflation in line with the decline of prices of imported goods.

Furthermore, it observed that the external budgetary shock absorbers improved while the fiscal policy remained cautious.

According to the IMF, 'the authorities have also set up an exhaustive agenda of structural reforms in the medium term to improve governance and support an inclusive growth.

'There is the determination of the authorities to improve on transparency in the public sector and business climate and also to develop the private sector through important reforms for the diversification of the economy.'

The IMF said discussions will continue between it and the Mauritanian authorities with a view to the offer of a new programme of assistance.

Mauritania has so far obtained US$ 118 million over a period of three years from the IMF under the Enlarged Credit Facility Programme.

Pana 12/02/2014