International Development Association Lends Mauritania $48 Million

The Minister of Economy and Sustainable Development, Mr. Abdel Salam Mohamed Saleh, signed yesterday, Thursday, with Ms. Cristina Isabel Bañasco Santos, the resident representative of the World Bank in our country, a financing agreement under which the International Development Association provides our country with a soft loan in the amount of thirty-six million two hundred thousand (36,200,000). ) of Special Drawing Rights, equivalent to forty-eight million (48,000,000) US dollars, or about one billion nine hundred and twenty million (1,920,000,000) new ouguiyas.

This project aims to better strengthen the foundations of sound management of public finances and debts in order to improve the management and transparency of the latter, improve the follow-up of public institutions’ debts, take better account of budget risks, improve respect for tax obligations, and increase the tax base.