World Bank launches five-year partnership strategy for economic growth in Mauritania

World Bank launches five-year partnership strategy for economic growth in Mauritania
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Ajay Banga, 14th president of the World Bank | Linkedin

The World Bank Group has announced a new Country Partnership Framework (CPF) for Mauritania, outlining its development strategy for the fiscal years 2026 to 2030. The plan focuses on advancing economic diversification to support growth and employment in the country.

The CPF is aligned with Mauritania’s national development vision as described in the Stratégie de croissance accélérée et de prospérité partagée (SCAPP 2016–2030), and it supports the government’s third five-year action plan. Ibou Diouf, World Bank’s Country Manager for Mauritania, said, “Designed through a job-centric approach, this partnership framework marks an important milestone in our engagement with Mauritania at a moment of significant opportunity.”

According to Keiko Miwa, World Bank's Division Director for Cabo Verde, Gambia, Guinea-Bissau, Mauritania, and Senegal, “Through this strategy, the World Bank Group will assist the Government to unlock the country’s full potential by investing in people, strengthening public institutions, and promoting the private sector for a more diversified, competitive, and resilient economy.”

The new framework emphasizes collaboration between different branches of the World Bank Group—IDA, IFC, and MIGA—to attract private investment and increase job opportunities. Olivier Buyoya, IFC Regional Director for Western and Central Africa stated: “At the core of this CPF is economic diversification and job creation. By expanding private investment in key productive sectors and developing skills systems in partnership with industry, Mauritania can unlock opportunities for its growing youth population and enable small and medium enterprises to thrive.”

A key aspect of the CPF is improving resilience by enhancing social protection systems that can adapt to changing needs. It also prioritizes climate-smart solutions such as sustainable pastoralism and integrated water resource management. The plan includes reforms aimed at improving business conditions, expanding access to digital services, strengthening public financial management and decentralization processes, as well as aligning vocational training with labor market needs.

Muhamet Bamba Fall, Director of Industries at MIGA explained: “This CPF will enable the World Bank, IFC, and MIGA to jointly de-risk private investment in critical energy and mining infrastructure. Through enhanced governance, capacity building, and targeted risk-mitigation instruments, we will help unlock private capital that drives job creation and expands domestic revenues for inclusive growth.”

The strategy underlines the importance of robust institutions to ensure effective public service delivery while addressing risks related to climate change and fragility.