Jan. 11 (Bloomberg) -- 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.
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