S\u00e3o Paulo \u2013 Climate issues, geopolitical tensions, and delays in the construction of infrastructure could affect the Mauritanian economy this year, expected to grow 4.8%, a slowdown compared to the 6.4% achieved in 2022, said this Friday (27) a press release by the International Monetary Fund (IMF) after meetings between the Fund\u2019s staff and authorities of the North African country.<\/p>\n
According to the IMF, the economic outlook \u201cremains uncertain\u201d due to increased geopolitical tensions and more frequent climate shocks. Disasters such as floods could affect infrastructure, arable lands, and agriculture production (pictured)<\/em>, leading the country to a \u201crelatively high\u201d level of food insecurity. The IMF release also mentioned that delays in the start of a gas project and commodity market fluctuations could reduce the country\u2019s fiscal revenue and increase the need for external financing.<\/p>\n The IMF staff\u2019s visit to Mauritania reviewed the arrangements of the Extended Fund Facility and Extended Credit Facility programs, through which USD 21 million were disbursed to the Maghreb country. The amount is part of a total USD 86.9 million approved in January this year. Despite the challenges faced by the country, the fund said the implementation of reforms supported by the programs is \u201csatisfactory,\u201d and the country has met the expected performance criteria.<\/p>\n The release also said the North African country reached an agreement on reforms to be supported by the IMF with USD 253 million to fund Mauritania\u2019s efforts to strengthen its\u00a0resilience to climate shocks, enhance disaster risk management, and accelerate the transition toward cleaner energy sources. The agreement is still subject to the approval of the IMF Management and Executive Board, expected to occur in mid-December.<\/p>\n Translated by El\u00fasio Brasileiro<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" An International Monetary Fund mission warned that geopolitical tensions and environmental challenges could affect the country\u2019s growth.<\/p>\n","protected":false},"author":2316,"featured_media":357049,"comment_status":"closed","ping_status":"open","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":[46269,46270,46266,14400,2221,28576,1988,303],"class_list":{"0":"post-358980","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-climate-disasters","9":"tag-climate-shocks","10":"tag-desastres-climaticos","11":"tag-financiamento","12":"tag-financing","13":"tag-fmi-en-2","14":"tag-imf","15":"tag-mauritania"},"wps_subtitle":"An International Monetary Fund mission warned that geopolitical tensions and environmental challenges could affect the country\u2019s growth.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/358980","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=358980"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/358980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/357049"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=358980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=358980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=358980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}