{"id":326192,"date":"2023-03-10T15:29:09","date_gmt":"2023-03-10T18:29:09","guid":{"rendered":"https:\/\/anba.com.br\/?p=326192"},"modified":"2023-03-10T15:29:09","modified_gmt":"2023-03-10T18:29:09","slug":"mauritania-faces-challenges-for-economic-recovery","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/mauritania-faces-challenges-for-economic-recovery\/","title":{"rendered":"Mauritania faces challenges for economic recovery"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Following <strong>Mauritania<\/strong>\u2019s response to the COVID-19 pandemic, the country is on an <strong>economic recovery <\/strong>path but still faces many challenges. The International Monetary Fund (IMF) released on Friday (10) a report detailing the country\u2019s situation at the end of a visit led by <strong>IMF<\/strong> deputy managing director Kenji Okamura on Friday.<\/p>\n<p>However, shocks including Russia\u2019s war in Ukraine and regional tensions have narrowed the space for policy intervention in the economy, while the country still faces significant human and infrastructure development needs. According to the IMF, surging international commodity prices have led to <strong>inflationary pressures<\/strong> and <strong>food insecurity<\/strong> in Mauritania.<\/p>\n<p>Preliminary data suggest that the <strong>current account deficit<\/strong> doubled to 16.4% of the gross domestic product (GDP) last year, due to pressures on international food and energy prices and the decline of prices of iron ore the country produces. By end-2022, international reserves declined to USD 1.9 billion compared to USD 2.3 billion at end-2021.<\/p>\n<p>Mauritania\u2019s GDP growth is expected to have accelerated to 5.3% last year, mainly driven by the recovery in the extractive sector. After reaching a peak of 12.7% in October 2022, <strong>inflation decelerated<\/strong> to 10.3% in January 2023 in response to the country\u2019s monetary policy tightening, the IMF said.<\/p>\n<p>In the press release, Okamura welcomed the launch of the economic program that will be supported by the IMF. Mauritania\u2019s economic reform program supported by the IMF arrangements aims to preserve macroeconomic stability, strengthen the fiscal and monetary policy frameworks, consolidate the foundations for sustainable, inclusive growth, and reduce poverty, the IMF said.<\/p>\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-326198\">\u00a9Cheyakhe Ali\/Anadolu Agency\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund released USD 87 million to Mauritania and says the country is on a recovery path but faces challenges like the current account deficit and inflationary pressures.<\/p>\n","protected":false},"author":2316,"featured_media":326198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[39749,3023,39747,39748,8690],"class_list":{"0":"post-326192","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-iron-ore-mauritania","9":"tag-mauritania-gdp","10":"tag-mauritania-imf-arrangement","11":"tag-mauritania-imf-mauritania","12":"tag-mauritanias-economy"},"wps_subtitle":"The International Monetary Fund released USD 87 million to Mauritania and says the country is on a recovery path but faces challenges like the current account deficit and inflationary pressures.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/326192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=326192"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/326192\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/326198"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=326192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=326192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=326192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}