IMF compliments Economic Growth

Speaking after a meeting with President Mohamed Ould Abdel Aziz, Christine Lagarde, IMF, said she was satisfied with the healthy situation of the Mauritanian budget and its positive results in terms of growth. According to her, she had discussed with Mauritanian officials on “the way the fruits of this growth can be better invested in the infrastructure, support programmes for the poorest people and to health and education.” The IMF Director General, on Wednesday attended, the 5th Congress on Economic Integration in the Maghreb, in Nouakchott. The event was organized by the Central Bank of Mauritania, in collaboration with the IMF.

“Mauritania has achieved a 5.1-percent growth during the last three years by taking advantage of its geographical position, and the economic stability it enjoyed through the monitoring of wise policies, which allowed the restoration of macroeconomic balances,” said the governor of the Central Bank, Mr. Sid’Ahmed Ould Raiss. He added that this situation had led to the control of the overall level of inflation below 5.7 percent, a surplus in the state’s global budget, the attainment by the end of last year, of unprecedented levels of foreign currency reserves for the coverage of six months of imports. “This situation is supported by a set of profound political, economic, legal and social reforms led by the government, various construction projects across the country, as well as the development of the infrastructure, the promotion of good governance and the improvement of the business environment, with the adoption of a new investment code that guarantees fiscal and customs advantages,” the head of the World Bank concluded.

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