The Board of Directors of the International Monetary Fund (IMF) grants an immediate disbursement of $47.4 million to Mauritania.
“The Council also finalized the third reviews of the agreements under the Extended Credit Facility (ECF) and the Extended Credit Facility (ECFM), as well as the second review under the Resilience and Sustainability Facility ( FRD). This decision allows for an immediate disbursement of 36.16 million SDRs (approximately $47.4 million),” the IMF announced in a press release.
In a statement following the Board of Directors meeting, Mr. Kenji Okamura, Deputy Director General and Acting Chairman of the Board, said: “supported by sound policies, the Mauritanian economy continued to grow in 2024, l Inflation remained under control and the performance of public finances was in line with the objective of reducing external debt in the medium term.
Prudent monetary and fiscal policies have enabled the program to achieve good results. The authorities have also focused on strengthening policy frameworks, strengthening economic resilience, accelerating inclusive growth and mitigating the challenges created by climate change,” he said.
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