IMF Sees Mauritania 2025 Extractive Growth Tripling
- Mining sector growth forecast at 5.5% in 2024, 14.3% in 2025
- Mauritania gas exports may offer alternative supply for Europe
The central market in Nouakchott, Mauritania.
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The International Monetary Fund expects the contribution of the extractive sector to Mauritania’s economy to almost triple in 2025, fueled by gas exports set to start in the second half of this year.
“Growth in the mining sector of 5.5% predicted for 2024 is forecast to reach 14.3% in 2025 based on mining and gas revenue from the Grand Tortue Ahmeyim development, which brings Mauritania’s overall real growth in 2025 to 5.5%,” said Felix Fischer, the IMF’s head of mission to Mauritania.