Economic Affairs Minister Signs Financing Agreement To Secure Nouakchott Supply With Drinking Water

On 8 March, Mr. Ousmane Mamoudou Kane, the Minister of Economic Affairs and Promotion of the Productive Sectors signed, in Kuwait, in the presence of Mr. Ahmedou Mohamedou Mhaimed, the Minister of Equipment and Transport, and HE Mr. Mohamed Lemine Ould Cheikh, the Ambassador of Mauritania to Kuwait, a subsidized loan agreement with Mr. Bedr Mohamed Saad, the Director-General and Chairman of the Board of Directors of the Arab Fund for Economic and Social Development.

The financing agreement will contribute to securing and strengthening the drinking water supply of Nouakchott. The value of the financing is 25 million Kuwaiti dinars or more than 3 billion MRU.

It is noteworthy that Mr. Kane arrived in Kuwait, on 8 March, from Saudi Arabia.

In Kuwait City, the two ministers and HE the Ambassador held a meeting with the Managing Director and senior officials of the Fund. The meeting was devoted to discussing the financing of road infrastructure projects in our country and ways to double the funds for launching new projects.
It also reviewed the various projects financed by the Fund in our country and ways to accelerate the pace of their implementation.