Tag Archives: Mauritania
IMF Executive Board Approves US$ 163.9 Million Arrangement Under the Extended Credit Facility for the Islamic Republic of Mauritania
- Board decision enables immediate disbursement of US$ 23.4 million to Mauritania.
- Mauritania’s ECF-supported program aims to address the challenges of economic growth, stability, sustainability, and poverty.
- Reforms will seek to create fiscal space for social spending and infrastructure through revenue mobilization and expenditure prioritization, as well as to modernize the monetary policy framework and maintain financial stability.
On December 6, 2017, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the Extended Credit Facility (ECF) with Mauritania for SDR 115.92 million (about US$ 163.9 million, or 90 percent of Mauritania’s quota) to support the country’s economic and financial reform program.
A ‘crazy idea’ has resulted in the ability to grow durum wheat in the extreme heat of famine-affected Senegal, Mauritania and Mali, potentially boosting the income for 1 million farming families, and therefore winning the 2017 Olam Prize for Innovation in Food Security
“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”
Africa Continues to Grow Strongly Despite Global Slowdown, Although Significantly Less Poverty Remains Elusive
WASHINGTON, April 15, 2013/African Press Organization (APO)/ – Economic growth in Sub-Saharan Africa is likely to reach more than 5 per cent 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 latest Africa’s Pulse, a twice-yearly analysis of the issues shaping Africa’s economic prospects.
GENEVA, Switzerland, February 14, 2013/African Press Organization (APO)/ – The February edition of the FIFA/Coca-Cola World Ranking is dominated by the Africa Cup of Nations in South Africa. By claiming their third title, Nigeria (30th, up 22) have not only ended a 19-year drought since they last won the tournament, but have also climbed 22 places to 30th – their best ranking since August 2010 – while beaten finalists Burkina Faso (55th, up 37) have moved up a massive 37 places to 55th. Hosts South Africa (60th, up 25) have also enjoyed a significant leap of 25 places. Although former Africa Cup of Nations winners Côte d’Ivoire (12th, up 2) bowed out at the quarter-final stage, last year’s runners-up have achieved their best-ever world ranking. However, the Elephants have not made it into the top ten, where Spain (1st, unchanged) continue to reign supreme ahead of Germany (2nd, unchanged) and Argentina (3rd, unchanged). England (4th, up 2) complete the top four after their home win over Brazil.
ROME, Italy, January 25, 2013/African Press Organization (APO)/ – The refugee emergency and food crisis are what most concern the European Union in Mali. The alarm was sounded by Humanitarian Aid Commissioner Kristalina Georgieva upon her return from a mission to Bamako and Burkina Faso, one month on from her last visit.
Despite Global Slowdown, African Economies Growing Strongly― New Oil, Gas, and Mineral Wealth an Opportunity for Inclusive Development