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Mauritania - Economic Reforms and Diversification Support Programme - Phase II (PAREDE II) - Appraisal Report
Management hereby submits this proposal for an African Development Fund (ADF) loan of UA 4 million to the Islamic Republic of Mauritania to finance the second phase of the Economic Reforms and Diversification Support Programme (PAREDE II). PAREDE II is the second phase of a programme-based budget support operation. The objective of the first phase (PAREDE I) for an amount of UA 6.7 million was to create conditions conducive to the diversification of the economy in order to promote inclusive and sustainable growth. The outcomes of the first phase were deemed very satisfactory, as reflected in the Bank’s Implementation Progress and Results Report (IPR) (Technical Annex 4). These outcomes warrant the continuation of the Bank’s intervention to strengthen the achievements of the first phase and to continue to support the efforts made by Mauritanian authorities to switch from a cash-crop economy to a diversified economy driven by promising non-extractive sectors.