Mauritania’s 2012 GDP Growth Rose to 6.2 Percent, Laghdhaf Says

Mauritania’s economic growth will accelerate to 6.4 percent in 2013 from 6.2 percent last year, Prime Minister Moulaye Ould Mohamed Laghdhaf said.

The West African country’s economy expanded 4 percent in 2011, he said. The inflation rate rose to 6 percent from 5.6 percent a year ago, he told legislators yesterday at the parliament in the capital, Nouakchott. The government expects to tax revenue to increase 7 percent to 362 billion ouguiya ($1.19 billion) in 2013, he said.

Foreign-exchange reserves in 2012 surged to $942 million or seven months of import cover, well past the targeted $524 million, Laghdhaf said.

The government granted 128 mining licenses in 2012, two- thirds of them for iron ore and quartz, he said. Iron-ore production reached 11.2 million metric tons, copper output was 35,279 tons and gold was 8,177 tons, Laghdhaf said. Fish exports rose 17 percent to 56,000 tons he said.

To contact the reporter on this story: Oudaa Marouf in Nouakchott at moudaa@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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