National Financial Institutions Announce Important Investments To Develop Livestock, Agriculture

National financial institutions announced, Wednesday in Timbedra, the provision of MRO 3.5 billion to the Ministry of Rural Development in contribution to national efforts to improve and develop livestock and revive agriculture.

This announcement was made during the opening ceremony of the first edition of the Timbedra National Livestock Development Fair which is organized under the supervision of the President of the Republic, His Excellency Mr. Mohamed Ould Cheikh El Ghazouani.

This initiative reflects the desire of Mauritanian businessmen to support the government’s new orientations aimed at achieving food self-sufficiency, fighting against poverty and precariousness, and creating employment opportunities, by allowing ordinary citizens to have access to the services of national financial institutions.

This funding will be directed towards various activities related to animal sectors that have not been exploited to date.

The National Bank of Mauritania, the Mauritanian Investment Bank, and the Al Amana Bank each contributed MRO 1 billion while Attiijari Bank announced its intention to invest MRO 500 million.

These contributions are meant to boost State policies aimed at the modernization of these two vital sectors, through the preservation of pastures and support for the health of the herds as well as the revitalization of other animal sectors.