Skip to content

Lack of Progress in G-20 Debt Deals a Deterrent for Mauritania

  • West African nation exploring options, Economy Minister says
  • Iron ore producer has external debt of about $4.5 billion
Ousmane Mamoudou Kane
Ousmane Mamoudou KanePhotographer: Fethi Belaid/AFP/Getty Images

Mauritania is hesitating to participate in a debt-relief plan set up by the world’s leading economies to help poor nations in the wake of the pandemic.

The West African economy is still studying the Group of 20 Common Framework, which requires debtors to ask bankers and bondholders for the same relief granted by government lenders, six months after saying it was considering it as an option to manage external debt of about $4.5 billion.