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Monday, April 2, 2018
The World Bank approved 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 gas field. The gas field lies over the maritime border of Mauritania and Senegal.
Senegal will receive similar assistance from the lending global lending institution.
“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.
Senior Director, Energy and Extractives Global Practice at the World Bank Group, Riccardo Puliti, also commented: “The development of this joint resource will require strong cooperation between the governments of Mauritania and Senegal.
“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.”
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