The Mauritanian President approved a new plan to stimulate the economy, with the aim of accelerating economic recovery and expelling the devastating effects of the epidemic by making use of local resources and enhancing their contributions to achieving growth.
Mauritanian President Mohamed Ould Cheikh Al-Ghazwani unveiled a self-financing economic growth plan of more than $650 million.
Al-Ghazwani stressed in a speech that the plan extends over a period of thirty months and aims to address the negative effects and overcome the challenges of the post-Corona pandemic, explaining that the plan also aims to achieve the necessary conditions for a new economic recovery according to a comprehensive participatory approach that gives the private sector an active economic role and works to create more job opportunities and the optimum utilization of the country's natural resources in the fields of agriculture, animal development and hunting.
The Mauritanian president considered that the Corona pandemic had profound negative repercussions on the general situation of our national economy, due to the decline in the gross domestic product, as well as the consequent reduction in tax revenues and the increase in expenditures, which contributed to the increase in the budget deficit, explaining that Corona revealed severe structural weaknesses in our economic system. It also revealed the urgent need to strengthen the role of the state, in organizing the economy, directing investment, developing productive sectors, and working to achieve the highest possible level of food self-sufficiency.
The Mauritanian president pointed out that this program includes basic axes, most notably strengthening the infrastructure supporting growth, enhancing the capacities of social sectors, supporting demand, promoting and supporting productive sectors to achieve self-sufficiency, support the private sector, combat desertification and drought, and support job opportunities.
Source (Arab Newspaper-London, Edited)
