On Friday, March 8, 2024, the Board of Directors of the International Monetary Fund (FMI ) & Nbsp; announced an agreement in principle for financing of a cumulative amount of approximately $38.4 million for Somalia and Mauritania, in order to continue economic reforms in both countries

a Mauritania will receive approximately $19.79 million under the Resilience and Sustainability Facility (RSF), as well as $8.58 million under joint MEDC/FEC agreements. These amounts will be released respectively following the first and second reviews of the current economic programmes. These funds are intended to strengthen the country's resilience to climate shocks and to support its économie .

Somalia will benefit from $10 million, following the first review of the program under the $100 million Extended Credit Facility (FEC) approved in December 2023. This financial support over a period of 36 months came a week after the relief of the Somali debt, marking the success of the