Islamic Republic of Mauritania: Fourth Reviews Under the Arrangements Under the Extended Credit Facility, and the Extended Fund Facility, Third Review Under the Resilience and Sustainability Facility, and Request for Rephasing of Access-Press Release;

Economic growth slowed to 5.2 percent in 2024 (compared to 6.5 percent in 2023), reflecting a sluggish extractive sector and inflation remains contained. Growth is projected to slow further to 4.0 percent in 2025 due to the projected contraction in the extractive sector. After widening in 2024, the current account is projected to narrow in 2025. Risks are balanced: upside risks include new mining and gas projects and a further increase in exported commodity prices. Downside risks include an escalation of geopolitical tensions in the region, disruptions in extractives, weather shocks and cuts in official development assistance. Moreover, challenges related to infrastructure, governance, vulnerability to economic shocks, and limited economic diversification constrain Mauritania’s economic development.