Original disclosure @ WB website
Updated in EWS Aug 7, 2024
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According to the Bank’s website, the proposed project includes three separate components to provide financial and technical assistance: (i) to the industrial sector for development of small- and medium-scale enterprises promising substantially lower investment costs per job than currently; (ii) to the artisan sector for rehabilitating and expanding the production of knotted carpets by decentralizing production and improving training of weavers; and (iii) to the agricultural sector for development of 30 new irrigated schemes under village cooperatives, including an adequate credit scheme. The project also provides consulting services to study the feasibility of establishing a gypsum plaster brick industry to replace expensive imported cement with locally made bricks, and of creating a new industrial zone in the capital city of Nouakchott.
Credit 888-MAU in the amount of US$8 million was approved on March 27, 1979. The Credit was closed on December 31, 1985 and the last disbursement took place by June 12, 1986 when the proceeds of the Credit were fully withdrawn.
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