Mauritania - Islamic Development Bank

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TABLE 7: High Growth Scenario 2010 2011 2012 2013 2014 2015 GDP Growth 4.6% 5.9% 6.2% 8.6% 7.1% 5.9% technical assistance operation for Mauritania since inception now exceeds ID 337.57 (approximately US$ 481.23 million). Since Mauritania joined the IDB as a founding member in 1974, the Group has approved 90 operations and 6 special assistance projects. The industry and mining sector has received the largest share of financing, around 25% of total approvals by value while transport and communications, and agriculture received 20% and 19% respectively. Out of the 90 operations, 57 have been completed, representing about 30% of the approved amount, and 33 operations are under implementation. 41. Mauritania has also benefitted from the IDB Group’s trade finance operations. The Group has approved a cumulative total of US$ 117.5 million since the start of the trade-financing program. In 1429H, ITFC approved one syndicated operation for the Government of Mauritania amounting US$ 43 million, however the latter was cancelled due to the withdrawal of participants. The main beneficiary from trade finance operations since inception is the Government of Mauritania. 42. ICIEC has been supporting Mauritanian exports & imports since inception of its operations. In fact, ICIEC issued 1 credit insurance policy to a bank in Mauritania in the past for the amount of US$ 10.2 million. It has also issued an approval on a financing operation involving supply of goods from Mauritania to a buyer in Senegal for the amount of US$ 0.283 million. Approvals issued by the Corporation to cover imports made by Mauritanian importers amounted to US$ 0.4 million, in addition to the amount of US$ 11.5 million in approvals issued to cover confirmation of L/Cs issued by Mauritanian banks. Regarding investment insurance, ICIEC has received an application from an investor from Belgium to cover his investment in an agricultural project in Mauritania, for the amount of US$ 14.7 million, while no application was received from Mauritanian investors to cover investments abroad. In 2008, ITAP prepared and designed an Investor’s Guide booklet in favor of the “the Commissariat à la Promotion des Investissements” (CPI). In addition, ITAP conducted a need assessment mission to Mauritania in April 2010 to explore ITAP’s possible intervention in supporting the Mauritanian investment promotion agency. As an outcome of this mission, a technical assistance program for CPI is currently under preparation by ITAP. 43. ICD has also been active in supporting the private sector in Mauritania. Up to date, ICD has approved four operations for a cumulative amount of US$ 56 million. Recently, a memorandum of understanding was signed between ICD and the GoM for the participation in the development of economic zones for attracting foreign direct investments. Two new operations are under study by ICD. 2. Lessons Learned from Evaluation of Past IDB Group Interventions in Mauritania 44. In general, the main lessons from implementation of IDB projects in Mauritania relate to: (i) weak capacity of Executing Agencies slow project implementation, (ii) delays in the signing and fulfillment of effectiveness conditions of financing agreements, (iii) delays in the procurement process; (iv) insufficient knowledge of IDB procedures. MCPS for Mauritania, 2011-2015 13
45. The project formulation should take into consideration the establishment of enhanced PIUs, for overcoming the technical/financial weaknesses of some executing agencies. While IDB’s experience in dealing with the different executing agencies was considered as satisfactory overall, the institutional capacity of some of them needs to be strengthened to enable them to perform close supervision and follow-up of their respective projects. 46. To improve development outcomes, more importance should be given by IDB to quality at entry especially readiness of the projects for implementation. More emphasis should 14 TABLE 8: Other Donors Involvement in Mauritania Donors Priority Areas World Bank - Economic governance and public sector capacity - Diversifying growth - Fighting poverty and inequalities AfDB - Economic and financial governance - Agriculture and agro-industries - Transport - Water supply and sanitation - Education AFD (French Development Agency) - Access to basic services and developing and protecting rural areas - Sustainable management of fisheries resources - Supporting productive sectors European Commission - Water facilities - Energy - Food Security - Human rights, justice and security - Fisheries - Support to SNIM The Government of Libya - Health (the construction of 10 health centres is under study + Hospital in Rosso) - Education (construction of a university in Kiffa) - Tourism - Telecommunications Arab Funds - The Kuwait Fund for Development - The Saudi Fund for Development - The Arab Fund for Economic and Social Development - Education - Water - Technical Assistance - Infrastructure be placed during appraisal and negotiation of relevant memoranda of understanding (MOUs) to clearly define all modalities of project implementation, operation and maintenance. The beneficiary population should also be involved at early stages of the projects to facilitate ownership and sustainability of the facilities, especially for the irrigation and health sector projects. 47. To enhance the development of the private sector through lines of financing, project design needs to address more effectively the issue of foreign exchange risk. This is a critical path for future IDB’s interventions given the potential in terms of trade financing and investment. Pledged Amounts PRSP II PRSP III US$ 388 Million (pledged during the 2007 Consultative Meeting) Euro 156 Million (pledged during the 2007 Consultative Meeting) US$ 500 Million US$ 100 Million US$ 100 Million US$ 500 Million MCPS for Mauritania, 2011-2015
Page 2: MCPS for Mauritania, 2011-2015 ISLA
Page 6 and 7: CURRENCY US$1 = 283.500 UM Euro 1 =
Page 8: Country Department (Coordinator) AC
Page 12 and 13: As part of its new Vision, the IDB
Page 14 and 15: I. INTRODUCTION 1. As part of its n
Page 16 and 17: construction) accounted for 48% of
Page 18 and 19: Reduce child mortality TABLE 1: Mil
Page 20 and 21: the vulnerability created by the de
Page 22 and 23: gold, copper, oil and deep-sea fish
Page 24 and 25: Box 1: Lessons Learnt from the Impl
Page 28 and 29: 3. Other Donors Involvement in Maur
Page 30 and 31: • The current rate of progress of
Page 32 and 33: strategy giving priority to strengt
Page 34 and 35: Integrated Rural Development progra
Page 36 and 37: Figure 13: Survey of Constraints Fa
Page 38 and 39: (e) the conservation of the environ
Page 40 and 41: 3. The flexibility to finance other
Page 42 and 43: Human Development (Primary Healthca
Page 44 and 45: ANNEXES MCPS for Mauritania, 2011-2
Page 46 and 47: MAURITANIA AT A GLANCE Selected Mac
Page 48 and 49: PILLAR 2 -- RURAL DEVELOPMENT AND F
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Page 52 and 53: PILLAR 3 -- ENHANCING AND DIVERSIFY
Page 54 and 55: Cross-cutting Theme: CAPACITY BUILD
Page 56 and 57: Cross-cutting Theme: CAPACITY BUILD

Mauritania - Islamic Development Bank

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