World Bank urges Mauritania to diversify economy for sustainable growth

The World Bank has urged Mauritania to adopt decisive reforms to safeguard macroeconomic stability and promote more inclusive and sustainable economic growth.

In a statement shared on social media, the Bank stressed the critical need for economic diversification, highlighting the overreliance on the mining sector as a major vulnerability.

It recommended that revenues from mining be channeled into non-extractive sectors such as agriculture, industry, and services to create jobs and support long-term development. The Bank also called for the continuation of sound fiscal and monetary policies to enhance Mauritania’s resilience to external shocks, ensure price stability, and achieve balanced growth.