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Line of credit: World Bank grants $30 million to BMI

27/06/2023
Categories: Companies

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The Mauritanian Investment Bank (BMI) benefits from a $30 million loan from the World Bank. The financing agreement was signed on Monday, in Dakar, between the International Finance Corporation and BMI

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Under this agreement, the investment bank will receive a $20 million cash line of credit and a $10 million guarantee line for small and medium-sized businesses and women-initiated projects. This agreement is the first of its kind in Mauritania in 20 years, and it is the culmination of the efforts of the Mauritanian Investment Bank to achieve its optimal efficiency in the national economy. This agreement is the realization of the success of governance mechanisms and the intensity of investments in banking technologies on a solid financial basis and modern infrastructures

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