Minister of Economic Affairs: Mauritania has made legal stability a major focus of its economic reforms

The Minister of Economic Affairs and Development, Mr. Abdallahi Souleymane Cheikh Sidiya, participated on Wednesday in Rabat, the capital of Morocco, in the high-level ministerial session of the Africa Investment Forum (Market Days 2025). This year's session focused on discussing government policies aimed at accelerating private investment by building more transparent, predictable, and legally stable environments.

The session, moderated by Ms. Hassatou Diop N’Sele, Vice President for Finance at the African Development Bank, brought together the Ministers of Finance and Economy from several African countries to exchange views on developing attractive investment climates capable of attracting private capital, promoting financial innovation, and supporting regional integration.

In his address as the keynote speaker at the session, the Minister emphasized that Mauritania has made legal stability a major focus of its economic reforms, considering it essential for attracting investors and mitigating risks of uncertainty.

He explained that the government has adopted new legislation for public-private partnerships, which establishes international standards for transparency, governance, and risk sharing, thereby making the contractual framework more stable and clearer.

He indicated that this legislative reform is part of broader efforts to modernize the investment framework, including the revision of the 2024 Investment Code, the reorganization of the public procurement system, and the strengthening of institutional mechanisms to support investors.

He added that these reforms contribute to creating a business environment capable of stimulating private capital and enabling it to play a central role in financing infrastructure and essential services.

In response to a question regarding the modernization of the tax system through public-private partnerships, the Minister explained that this model represents a strategic lever thanks to the digitization of tax collection, improved revenue tracking, and the development of customs infrastructure, while attracting technological expertise and financing from the private sector.

The Minister also stated that current experiences in the energy, agriculture, and logistics sectors already demonstrate the viability of this model for strengthening financial sustainability and modernizing public administration.

He concluded his remarks by emphasizing that Mauritania, through these reforms, is making decisive progress toward building a more attractive and stable market, capable of creating added value, stimulating productive investment, and supporting the country's trajectory of inclusive and sustainable growth.