A recent report published by the World Bank reveals that the Mauritanian economy will have to improve by 2023. And for good reason, mining is saving the economy from collapsing in the face of the health crisis.

According to the World Bank, the pandemic has led to a shrinkage of the Mauritanian economy which had reached 1.5% in 2020, adding that the fishing, trade, transport and service sectors were behind this. narrowing. The institution revealed that mining activities over the past two years have saved Mauritania's economy from collapsing due to the negative fallout from the coronavirus. Despite the negative impacts on the economy, the report adds, donor support and improved trade have eased external pressures. The World Bank estimates that the country's general financial situation has remained strong thanks to non-tax revenues and weak expenditure execution as the available budget shows a surplus of 1% in 2020 against 1.5% of GDP in 2019. The bank world recently made recommendations to the official Mauritanian authorities for the medium and short term intended to alleviate the impacts of the covid-19 pandemic on the economy. Among these recommendations is the maintenance of the current strategy which favors concessional financing and the development of a global budgetary framework, in order to allow future generations to benefit from gas resources. The institution expects the government's prudent fiscal policy to keep the process stable to help increase resources to help the poorest families.