According to the sixth edition of the World Bank’s Economic Update on Mauritania, the country continues to recover from the economic and social impacts of the COVID-19 pandemic, with economic growth increasing from 2.4% in 2021 to 5.2% in 2022. In addition, sharp fluctuations in commodity prices reduce the outlook for stable economic growth, while the high concentration of economic activity in the mining sector hinders inclusion. “In order to meet the new challenges of climate change, adaptation measures will need to be implemented and human capital will have to be developed in keeping with efforts to promote resilience and inclusion. As such, the challenges currently facing Mauritania may be seen as key opportunities to be seized,” noted Cristina Isabel Panasco Santos, World Bank Country Manager for Mauritania. Read the full Economic Update on Mauritania.

Source: The North Africa Journal August 07, 2023 17:21 UTC