Publication: Mauritania : Financial/Private Sector Capacity Building
Date
2002-08
ISSN
Published
2002-08
Author(s)
Mohan, P. C.
Abstract
The objective of the Financial/Private
Sector Capacity Building project (1995-2000) was to assist
the Government of Mauritania in implementing a program of
private sector promotion through strengthening the legal and
regulatory framework and creating an enabling environment
for private investment. The project was put in place at a
time when major macro-economic imbalances had already been
addressed and it extended and deepened reforms initiated
under the adjustment program in the mid-1980s. It focused on
activities which (i) encourage investor interest in the
private sector, particularly in mining and fishing by, for
example, revising commercial and tax codes ; and (ii)
strengthen the financial sector for providing better credit
and banking services needed for the development of private
sector activities. Lessons learned focused on genuine
stakeholder participation to achieve intended objectives.
Mauritania has modernized its business law without any
conflict with Islamic law thanks to the involvement of
traditional magistrates in the law preparation process. It
would have been helpful to have limited the number of
executing agencies involved in delivering the several
complex components. Institutional change, particularly in
the context of limited capacity, requires long-term action.
Lastly business incentives should not be reduced to a
special tax regime.
Citation
“Mohan, P. C.. 2002. Mauritania : Financial/Private Sector Capacity Building. Africa Region Findings & Good Practice Infobriefs; No. 79. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/fbe0369c-6d32-5e91-b3e7-13ff51923334 License: CC BY 3.0 IGO.”