PRESS RELEASENovember 26, 2025

World Bank Group Launches New Partnership Strategy to Accelerate Economic Diversification for Growth and Employment (EDGE) in Mauritania

WASHINGTON, November 26, 2025 - The World Bank Group announced a new Country Partnership Framework (CPF) for the Islamic Republic of Mauritania for Fiscal Years 2026 to 2030. The five-year strategy aims to accelerate Economic Diversification for Growth and Employment and focuses therefore selectively on four key outcome areas: more and better jobs, strengthened institutions and improved governance, better-connected communities, and a more resilient population.

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

“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” added Keiko Miwa, World Bank's Division Director for Cabo Verde, Gambia, Guinea-Bissau, Mauritania, and Senegal.

This CPF will strengthen the exemplary collaboration between the Islamic Republic of Mauritania and the World Bank Group via a strong “One WBG” approach, leveraging the complementary strengths of IDA, IFC, and MIGA to crowd-in private investment, amplify development impact and create more jobs.“At the core of this CPF is economic diversification and job creation,” said Olivier Buyoya, IFC Regional Director for Western and Central Africa. “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”.

The CPF also puts a particular emphasis on strengthening Mauritania’s resilience by expanding adaptive social protection systems and investing in climate-smart solutions, including sustainable pastoralism, integrated water resource management, and coastal resilience. It will support reforms to improve the business and investment climate, expand access to digital services, strengthen public financial management and decentralization, and enhance skills and vocational systems aligned with private-sector needs. This ambition requires strengthened institutions, improved public service delivery, and robust systems to manage climate and fragility risks.

“This CPF will enable the World Bank, IFC, and MIGA to jointly de-risk private investment in critical energy and mining infrastructure,” said Muhamet Bamba Fall, Director, Industries, MIGA. “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.”

PRESS RELEASE NO: 2026/035/AFW

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