World Bank helps boost business environment in Mauritania

The World Bank is infusing USD5 million to the Business Environment Enhancement project in Mauritania. ?The Government of the Islamic Republic of Mauritania recognizes that the development of the private sector requires an improvement of the ?investment climate? in order to promote stronger economic growth within a market economy and to reduce poverty,? Sherri Ellen Archondo, World Bank Task Team Leader for this project, stated. The initiative hopes to reform the financial, legal and judiciary sectors, create a better regulatory environment for business, and restructure selected state-run institutions. (Press release: World Bank Board Approves Business Environment Enhancement Project for the Islamic Republic of Mauritania/World Bank)

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