Minister of Economy signs an Additional Soft Loan for the Development of Oases

The minister of Economy and Sustainable development Abdessalam Ould Mohamed Saleh signed on Wednesday, on the sidelines of the joint annual meetings of Arab financing bodies, an additional soft loan agreement was concluded, with His Excellency the Director General and Chairman of the Board of Directors of the Arab Fund for Economic and Social Development, Mr. Bader Mouhamed Al-Saad.
The value of this supplementary loan amounts to 3 million Kuwaiti dinars (10 million US dollars) directed to the oasis development project.
This supplementary loan aims to contribute to the preservation and development of existing Mauritanian oases, and the creation of new oases, by rationalizing the use of water from existing surface wells and digging deep wells to irrigate new areas of agricultural land using modern irrigation systems for palm cultivation.
It also aims to maintain the sustainability of water retention and soil in oasis areas, which will contribute to increasing agricultural production.