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| Embassies Embassy of the Islamic Mauritania in Beijing Ambassador: H.E. Mr. Ould Taleb Amar Sidi Mohamed Address: No. 9, Dong San Jie, San Li Tun Postal Code: 100600 Tel: (+86)10 6532 1346, 6532 1703 Fax: (+86)10 6532 1685 Embassy of the People's Republic of China in the Islamic Republic of Mauritania Ambassador: Mr. Zhang Xun Address: Nouakchott, the Islamic Republic of Mauritania (P. O. Box 257) Tel: +222-5252070 (duty phone), +222-6586502 (Counselor's mobile phone) Fax: +222-5252462 Office Hours: 08:00-15:00, Monday-Thursday (except holidays) 08:00-12:00, Friday (except holidays) Email: ambchine@opt.mr or ambchine@mauritel.mr Website: http://mr.china-embassy.org/fra/ |
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| Economy Half the population still depends on agriculture and livestock for a livelihood, even though many of the nomads and subsistence farmers were forced into the cities by recurrent droughts in the 1970s and 1980s. Mauritania has extensive deposits of iron ore, which account for nearly 40% of total exports. The nation's coastal waters are among the richest fishing areas in the world, but overexploitation by foreigners threatens this key source of revenue. The country's first deepwater port opened near Nouakchott in 1986. Before 2000, drought and economic mismanagement resulted in a buildup of foreign debt. In February 2000, Mauritania qualified for debt relief under the Heavily Indebted Poor Countries (HIPC) initiative and nearly all of its foreign debt has since been forgiven. In December 2007 donors pledged $2.1 billion at a triennial Consultative Group review. A new investment code approved in December 2001 improved the opportunities for direct foreign investment. Mauritania and the IMF agreed to a three-year Poverty Reduction and Growth Facility (PRGF) arrangement in 2006 and Mauritania made satisfactory progress, but IMF and World Bank have suspended their programs in Mauritania since the August 2008 coup. Oil prospects, while initially promising, have largely failed to materialize. The Government continues to emphasize reduction of poverty, improvement of health and education, and privatization of the economy. |
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