World Bank to Help Mauritania Manage Great Tortue Ahmeyim

Source: www.gulfoilandgas.com 3/28/2018, Location: Africa

The World Bank approved on March 16th, a $20 million International Development Association (IDA)* grant to Mauritania to enhance the country’s capacity to negotiate investment agreements for developing the Great Tortue Ahmeyim (GTA), a large gas resource straddling Mauritania and Senegal.

The grant will help Mauritania mobilize international expertise to strengthen all institutions involved in the sustainable management of the Great Tortue Ahmeyim, and to enhance the fiscal, legal, and regulatory framework. It will also strengthen the government’s capacity to engage effectively with all stakeholders.

“This grant will strengthen Mauritania’s capacity to ensure a major gas resource is developed effectively by private operators with strong support from the government. We trust all stakeholders will be provided an opportunity to engage and contribute to accelerate inclusive growth in Mauritania,” said Laurent Msellati, World Bank Country Manager for Mauritania.

“The development of this joint resource will require strong cooperation between the Governments of Mauritania and Senegal,” said Riccardo Puliti, Senior Director, Energy and Extractives Global Practice at the World Bank Group. “The Government of Senegal is receiving similar assistance, so this project could very well serve as an example for other countries that share natural resources with their neighbors.”

The GTA’s development is directly in line with the findings and recommendations of the Bank’s 2017 Systematic Country Diagnostic (SCD) for the Islamic Republic of Mauritania, which emphasized more inclusive growth and a stable macroeconomic environment as key ingredients for reducing poverty by 2030.

For more information about related Opportunities and Key Players visit West Africa Projects


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