Minister of Economy and Finance: Government Interventions Helped Control Inflation and Protect Consumers

Minister of Economy and Finance, Sid Ahmed Wled Abouh, stated that interventions by the Ministry of Finance and the Central Bank have played a significant role in controlling the inflation rate in the country, thus helping to protect the Mauritanian consumer.

In a press conference held last night with the Governor of the Central Bank of Mauritania and a delegation from the International Monetary Fund (IMF), Wled Abouh explained that the significant and sharp increases in the inflation rate are what undermine the purchasing power of consumers.

The minister also addressed the level of public debt, noting that its risk in Mauritania is considered moderate to low, as the debt-to-GDP ratio barely reaches 40%, which he described as a reassuring figure.

During the conference, the outcomes of the IMF mission’s report, which concluded its work in Nouakchott, were also presented.