Public Management

Mauritania: IMF praises “substantial progress” in governance improvement

Mauritania: IMF praises “substantial progress” in governance improvement
Thursday, 09 June 2022 18:19

After a 1.8 percent decline in 2020 due to covid-19, Mauritania's economy rebounded the following year to 2.3 percent, thanks to a strong extractive sector and eased confinement measures. The country has also implemented IMF-backed reforms. 

The IMF recently praised the “substantial progress” made by Mauritania “in improving the legal framework for governance.” The Bretton Woods institution commended the progress in a release dated June 8, 2022.

According to the release, the IMF team that sojourned in the country from May 23 to June 2, 2022, “recognized … the recent detailed public investigations of corruption that have been undertaken at the highest level, as well as the advances that have been made in introducing IT technology into the operations of the public sector.” 

The request by the Government of Mauritania for the Governance Assessment reflects the government’s commitment to addressing issues of governance and integrity in a transparent manner. The dedication of resources to this topic indicates that both the Government and IMF recognize that improving governance and fighting corruption are essential for further economic development,” the IMF release reads. 

In March 2021, Mauritania secured US$23 million from the IMF under an Extended Credit Facility (ECF), which outlines reforms to be implemented by the country.  According to the World Bank, the country’s mid-term outlook is positive. GDP growth is expected to be about 4.5% this year. Also, “in per capita terms, growth will average 3.3 percent for 2022-24, similar to pre-pandemic average (3.4 percent for 2016-2019).” 

Jean-Marc Gogbeu

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Fund targets office, logistics, industrial, mixed-use projects in urban hubs First investment: office development site in Casablanca’s Casa-Anfa...
Rwanda launches 2025-2030 roadmap to expand financial inclusion Formal financial inclusion rose from 21% in 2008 to 92% Strategy targets...
Togo plans 25 billion CFA francs debt issuance on March 20 Sale includes 364-day bills and three-, five-year bonds Funds will help finance 2.751...
Cameroon plans CFA82 billion additional tranche after oversubscribed Eurobond Initial $750 million issuance attracted nearly $1 billion...
Most Read
01

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
02

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
03

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
04

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.