The Executive Board of the International Monetary Fund (IMF) approved a new 42-month program for Mauritania at the end of June under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF).
Valued at $95.8 million, the program is built around three key priorities: consolidating macroeconomic stability by strengthening institutions and economic policies, fostering more inclusive growth through human capital development and poverty reduction, and improving governance, particularly in public enterprises.
The initiative is also expected to help preserve Mauritania’s external reserves and unlock additional financing from development partners.
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Younes Zouhair, the IMF’s resident representative in Mauritania, elaborated on the program: " This 42-month program is designed to support the Mauritanian government’s economic and financial reform agenda. It amounts to $95 million over three and a half years and is based on three pillars: continuing the consolidation of macroeconomic stability, developing human capital and promoting inclusion, and further strengthening governance, with a focus on public enterprises. "
During the same meeting, the IMF Executive Board also welcomed the successful implementation of the previous program, which resulted in “robust non-extractive growth, continued fiscal stability and the maintenance of foreign-exchange reserves at a healthy level.”
