Economy in Mauritania

  • Africa’s economic growth is likely to be slower in the intervening years

    BOTSWANA, 2016/05/12 Africa’s economic increase is likely to be slower in the intervening years than in the before decade, according to the new rating by Ernst & Young using a barometer to gauge the level of appeal and success.“The baseline projection of the International Monetary Fund (IMF) for 2016 is presently reduced to 3%, while it was estimated at 6.1% in April 2015″, Ernst & Young points out in its rating.

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Economic Commission for Africa (UNECA)

    BOTSWANA, 2013/06/17  Urgent interventions are needed to overcome the short and long term constraints militating against the evolution that could have been recorded in the 'Aid for Trade (AfT)' in African initiative despite the fact that it is starting to show results. This is according to a statement from the Addis Ababa-based United Nations Economic Commission for Africa (UNECA) The statement observed that in spite of the identified constraints AfT was starting to show results. 'Since the AfT Initiative was launched in the Hong Kong Ministerial Conference in 2005, Africa has received technical and financial assistance for trade-related activities. In addition, AfT funding has been kept and priority areas and categories identified by beneficiaries are being targeted.

  • Maghreb states discuss judicial co-operation

    LIBYA, 2013/06/11 Judges from Morocco, Algeria, Tunisia, Mauritania and Libya are advocating increased integration and legal reform throughout the Maghreb region. Conference in Nouakchott last week for the Maghreb Union (UMA) judiciary committee session, they discussed the economic and social advantages to better co-operation. "The support and development of the judicial and legal dimension between Maghreb nations would be good for the development of trade," UMA Secretary-General Habib Ben Yahia told the 10-member committee and other legal observers on April 15th.

  • Continent Registers Growth Despite Global Meltdown

    BOTSWANA, 2013/04/27 Economic increase in Sub-Saharan Africa is likely to reach additional than 5 % on average in 2013-2015 as a result of high commodity prices worldwide and strong consumer spending on the continent, ensuring that the region remains amongst the fastest growing in the world -- according to the World Bank’s new Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.

  • Moroccan Foreign Minister Saadeddine El Othmani Mauritanian counterpart Hamadi Ould Hamadi

    CASABLANCA, 2013/03/24 Morocco and Mauritania need to strengthen co-operation "at political, economic, social and cultural levels for the interests of both nations" and the region. Such was the message of Istiqlal Secretary-General Hamid Chabat, whose party on Wednesday (March 13th) concluded a four-day visit to Nouakchott.

  • President Mohamed Ould Abdel Aziz, Christine Lagarde

    MAURITANIA, 2013/01/15 Speaking next a conference with President Mohamed Ould Abdel Aziz, Christine Lagarde said she was satisfied with the healthy situation of the Mauritanian budget and its positive results in terms of increase. According to her, she had discussed with Mauritanian officials on “the way the fruits of this increase can be better invested in the infrastructure, support programmes for the poorest people and to health and education.”

  • Mauritania and Libya sign agreement

    LIBYA, 2013/01/07 Relationships between Mauritania and Libya have become additional active next the end of the Libyan uprising which started in Misrata and ended up uprooting Ghaddafi from power with the help of forces from the North Atlantic Treaty Organization. In a recent development, their chambers of commerce have decided to reinforce the interactions between the two nations and their investors.

  • Mauritania Looks to Boost Employment

    MAURITANIA, 2013/01/04 Monetary experts recently met in Mauritania to study the prospects for economic increase and potential it has to address the country's persistent unemployment. The aim of the December 19th workshop was to assess the employment situation in the country, constraints on job creation and the role of the public and private sectors.
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