São Paulo – The International Monetary Fund (IMF) issued a report this Thursday (12th) on the economy of Mauritania. An IMF mission travelled to the country in late January. According to the Fund’s survey, the country’s Gross Domestic Product (GDP) was up 6.4% in 2014; in 2013, the rate had been 5.7%. This, the IMF says, is due to a rebound in fishing activities.
The Fund said Mauritania is benefiting from macroeconomic stability, underpinned by inflation control, responsible economic policies, international donations, growing government investment and iron ore exports.
The IMF added that the medium-term outlook remains positive, despite the weak international economic performance and low iron ore prices. This year, a 5.5% real growth rate is expected. The estimate is more modest than in 2014 because this year, mining, private investment and consumption are expected to slow down.
*Translated by Gabriel Pomerancblum
