Mauritania’s economic growth is projected to decelerate to 4.0% in 2025,down from 5.2% in 2024 and 6.5% in 2023,according to the International Monetary Fund’s (IMF) latest Article IV consultation.
The slowdown is attributed primarily to a contraction in the extractive sector,which has been a key driver of recent growth.
While the economy expanded robustly in 2023,momentum weakened in 2024 due to sluggish performance in mining and hydrocarbons,the IMF noted.
This trend is expected to continue into 2025,despite ongoing investments in natural gas and mining infrastructure.
Inflation has remained contained throughout 2024 and is expected to stay moderate in 2025,supported by prudent monetary policy and stable food prices.
While the extractive sector is currently underperforming,the IMF highlighted upside risks from new gas and mining projects. These include the Greater Tortue Ahmeyim (GTA) gas project,which could boost medium-term growth if operational timelines are met. However,delays or disruptions remain a concern.
The IMF warned of persistent structural challenges,including infrastructure gaps,limited economic diversification,and vulnerability to external shocks such as commodity price volatility and climate-related risks.
United News - unews.co.za