News & Analysis: Mauritania

IMF Approves Augmentation and US$52 Million Disbursement for Mauritania

“The COVID-19 pandemic continues to impose severe health, social, and economic hardships in Mauritania, with a 3.2 percent contraction of output expected in 2020. The IMF’s support will provide resources to mitigate the pandemic’s socio-economic impact and continue with institutional reforms to foster an inclusive recovery.”

via IMF

The promise of digitising cash transfers in sub-Saharan Africa during COVID-19 and beyond

“This year, the coronavirus pandemic has forced governments to grapple with difficult questions regarding lockdowns, contact tracing and the provision of emergency financial assistance to citizens now without work. In developing countries, these hardships are magnified with the World Bank estimating that remittances – money transfers sent from foreign workers to their home countries – to low and middle-income countries (LMICs) are projected to fall by 19.7 percent (from $554 billion in 2019 to $445 billion in 2020). Considering the significant role that remittances play in alleviating poverty and improving nutrition, many governments have turned to mobile cash transfers for vulnerable citizens to use while minimising COVID-19 exposure.”

via Africa Portal

Financial, development and humanitarian arms provide $20 million to curb the impact of COVID-19 on refugees and their hosts in the Sahel

“Public health, the wellbeing of refugees and the host communities in the Sahel are at the heart of the latest tripartite agreement between the African Development Bank, UNHCR, the UN Refugee Agency and the G5 Sahel signed today. The agreement enables a critical $20 million COVID-19 response across the five countries of the Sahel region.”

via AfDB

How 7 African scientists got stranded at sea after COVID-19

“When virus broke out, 21 scientists from Morocco, Mauritania, Senegal, the Gambia and Spain were already partway through a voyage off the coast of northwest Africa.”

via The Star (Kenya)

Post-coronavirus: More sorrow for Africa’s new oil and gas producers

“For new producers in the pandemic era, some licensing rounds are likely to be cancelled, and production is being pushed back once more. Debt is becoming an even greater issue. Yet some investors—like Total in Uganda—still show signs of interest.”

via The Africa Report

Coronavirus border closures strand tens of thousands of people across Africa

“Tens of thousands of migrants are trapped in dangerous conditions at frontiers, mines, ports and in transit camps across Africa after states shut their borders in an attempt to stem the spread of COVID-19.”

via The Guardian

IMF Executive Board Approves a US$130 Million Disbursement to the Islamic Republic of Mauritania to address the COVID-19 Pandemic

“The Executive Board of the International Monetary Fund approved the disbursement of SDR 95.680 million (about US$130 million) to be drawn under the Rapid Credit Facility (RCF). The RCF funds will help address Mauritania’s urgent balance of payments need stemming from the COVID-19 crisis, estimated at close to US$370 million.”

via IMF

IsDB Group President continues his meetings with MCs to support them in facing COVID-19, provides US$ 683 million to seven member countries

“The President of the Bank…met, virtually, with the Minister of Development, Investment and International Cooperation in Tunisia announcing the provision of US$ 279 million…the Sudanese Minister of Finance and National Economy to announce US$ 35 million…announced an urgent support to [Mauritania] amounting to US$ 33 million.”

via IsDB (Islamic Development Bank)

Innovations Needed to Prevent COVID-19 from Catching Fire in Africa’s Cities

” COVID-19 spreads at close range through respiratory droplets. Consequently, the most serious outbreaks of the pandemic have been seen in dense settings and close-knit social networks. With household and core urban densities among the world’s highest, African cities have the potential to serve as deadly incubators for the virus’s spread.”

via Africa Center for Strategic Studies

World Bank Supports Mauritania’s COVID-19 Response

“The World Bank Board of Executive Directors approved today a $5.2 million grant from the IDA to support Mauritania in strengthening the national public health preparedness to the COVID-19 pandemic. The Mauritania COVID-19 Response Project will strengthen the country’s capacity to identify, isolate, and provide care to patients with COVID-19.”

via World Bank