Qatari – Mauritanian Higher Joint Committee Meets


Doha, February 27 (QNA) – The Qatari-Mauritanian Joint Higher Committee here on Sunday held its first session, chaired by HE the Prime Minister and Foreign Minister Sheikh Hamad bin Jassim bin Jabor Al Thani, and Prime Minister of the Islamic Republic of Mauritania Dr. Moulay Ould Mohamed Laghdaf. Earlier, HE the Prime Minister and Foreign Minister held talks with the Mauritanian Premier on ties relations between the two brotherly countries and ways of bolstering them in various fields and reviewed a number of regional and international issues of common interest. Then, the two sides signed the minutes of the first session of the Joint Higher Committee, where it was signed for the Qatar by HE Sheikh Hamad bin Jassim bin Jabor Al-Thani, and for Mauritania by HE Dr. Moulay Ould Mohamed Laghdaf.

After that a number of agreements and memoranda of understanding (MoUs) between the Government of the State of Qatar and the Government of the Islamic Republic of Mauritania including a memorandum of understanding for cooperation in the field of social affairs, an agreement on cooperation in the field of education, training and scientific research as well as an agreement for cooperation and news exchange in addition to a memorandum of understanding on the establishment of a hotel in Mauritania capital, Nouakchott were signed .

The agreements and memoranda of understanding were signed for the Qatari side by HE Minister of Social Affairs and Acting Minister of Labour Nasser bin Abdullah Al-Humaidi, HE Minister of Education and Higher Education and Secretary General of the Supreme Education Council (SEC) Saad bin Ibrahim Al Mahmoud and HE Director General of the Qatar News Agency (QNA) Sheikh Jabor bin Yousuf bin Jassim Al Thani , as well as Eng. Mohammed bin Ali Al Hadfa, representing the Qatari Diar Real Estate Investment. On the Mauritanian side, the MoUs and agreements were signed by Minister of Social Affairs, childhood and family Moulaty Mint Al Mukhtar , Minister of Economic Affairs and Development Sidi Ould Tah , and Minister of Housing Ismail Ould Cheikh Ould Libdeh Cydia. Later, HE the Prime Minister and Foreign Minister hosted a luncheon in honour of Mauritanian Premier and the accompanying delegation.

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IMF: Mauritania witnessing an economic recovery with 5.5 % growth

27 /09/ 2010

An International Monetary Fund mission, led by Mr. Boileau Loko visited Nouakchott from September 15 to 26, 2010 to conduct discussions regarding the first review of the 2010–12 three-year program supported by the Extended Credit Facility (ECF). During the visit, the mission held discussions with several members of the government. In addition, the mission met with a number of economic and financial policymakers, representatives of the banking community, universities, trade unions, civil society, and the diplomatic corps. At the end of its visit, the mission issued the following statement:

“The data available point to a recovery in economic activity. Real non-oil GDP growth is expected to be around 5.5 percent in 2010, driven essentially by agriculture, the extractive industries (iron, copper, and gold), and the building and public works (BTP) sector. At end-June 2010, the inflation rate stood at 6.7 percent year-on-year owing to the rise in energy and food prices on the world market. Higher prices of the country’s main export products should help bring the current account deficit back down to below 10 percent of GDP.

“Implementation of the government’s ECF-supported economic and financial program has been broadly satisfactory, thus fostering the restoration of macroeconomic stability. The first half of 2010 saw a marked increase in revenue resulting from a combination of robust collection efforts and an upturn in economic activity. Operating expenditure has been contained, but the low rate of capital expenditure execution has persisted. At end-June 2010, official foreign exchange reserves amounted to 210.6 million US dollars, that is, equivalent to 2.1 months of imports. The mission also took note of progress made in implementing structural reforms that lay the foundation for achieving higher, sustained levels of growth conducive to reducing poverty.

“The mission welcomes the convergence of views with the authorities on the need to accelerate fiscal consolidation efforts as well as to deepen ongoing reforms in public financial management, public enterprises, the civil service, and the monetary sector. The mission and the authorities also agreed that strengthening social policies and putting in place social safety nets as well as improving the business climate are necessary steps for promoting development and improving the wellbeing of the Mauritanian people.

“In that regard, the authorities and the mission reached understandings, ad referendum, on the objectives to be achieved in 2011 under the ESF, which remain in line with the program negotiated for the period 2010-2012. These objectives consist in achieving real non-oil GDP growth of 5.5 percent, containing inflation at 5 percent, raising foreign exchange reserves to 2.7 months of imports, and consolidating the basic fiscal balance surplus achieved in 2010.

The mission takes the opportunity to thank the authorities for their welcome, availability, and hospitality as well as for the good conditions under which the work took place.”


Mauritanie:China invests $100 million in Mauritania fishing


Poly Technologies Inc’s deal with Nouakchott includes construction of fish factory, building fishing boats.

NOUAKCHOTT – China’s Poly Technologies Inc is to invest 100 million dollars (around 73 million euros) in Mauritania’s key fishing industry, the official AMI news agency reported Monday.

The announcement, including of the construction of a fish factory able to produce 44,000 tonnes of food a year, comes after the company signed an agreement with Mauritania’s fisheries ministry.

The agreement also provides for building fishing boats and developing “value added” fish products.

AMI said the move would create 2,500 direct jobs and allow Mauritania “to have a highly qualified workforce in transforming fish products, in naval construction, machine maintenance and management.”

Fishing is a key part of the economy of Mauritania, most of which is desert.

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