Arab financial organizations pledged a total of $856mn in loans and grants to Mauritania at an international investment forum held in the capital Nouakchott on 26 January to support the economy, infrastructure projects and other productive sectors.

The investments, equivalent to almost a fifth of the Mauritanian economy, will inject cash into fisheries, agriculture, livestock, health and roads, while at the same time funding imports from Arab countries to the tune of $145mn. In 2012 the World Bank estimated the size of Mauritania’s economy at $4.2bn. (CONTINUED - 348 WORDS)