To restart activity, President Ghazouani's stimulus program of more than 500 million euros primarily targets the social sectors, infrastructure and food self-sufficiency.
It is a large "priority program" (EPP) announced on September 2 President Mohamed Ould Ghazouani to restart an economy strangled by the fight against the coronavirus. To appreciate this effort, we must compare these 24 billion ouguiyas (nearly 520 million euros) with the 100 billion euros of the French recovery plan. The Mauritanian program represents almost 10% of the country's GDP, while that of Paris weighs only 4% of the French GDP.
Banking on infrastructure will revive the machine
The three areas which make up 84% of the envelope are, in decreasing order, support for demand and social sectors (health and disadvantaged families), urban, rural and road infrastructure and food self-sufficiency (fishing and Agriculture). These projects should create 52 “job opportunities” in thirty months. Comment from a banker: “This plan makes sense, because investing in infrastructure will revive the machine, but it does not favor the private sector. "
This article appeared first on https://www.jeuneafrique.com/mag/1049032/economie/covid-19-comment-la-mauritanie-compte-rebondir/?utm_source=jeuneafrique&utm_medium=flux-rss&utm_campaign=flux-rss- young-africa-15-05-2018