IMF says leather has promising role to play in Mauritania
The International Monetary Fund (IMF) has said in a report that the development of the leather sector in Mauritania will be an important part of a growth plan for the north-west African country.
Since 2016, the IMF has been working to help Mauritania formulate and put into effect by 2030 a “strategy for accelerated growth and shared prosperity”.
In a country report it published at the end of June, the IMF said Mauritania’s government and its technical and finance partners will make the leather sector an important part of the strategy.
It said the livestock sector is one of the main sectors of the Mauritanian economy with a significant economic and social impact. Based on this, it said leather was one of the industries that Mauritania should develop. “The potential is very promising,” the IMF said.
According to the report, initiatives to develop income from hides and leather should pick up in Mauritania in 2025, for example through setting up collection networks for hides and skins and the creation of modern tanneries to process this raw material.
It said the African country’s ministry for foreign affairs would project-manage these initiatives in 2025 with a budget for the year of around $6 million.
