Le Executive Board of the International Monetary Fund (IMF) announced a preliminary agreement with the aim of continuing economic reforms in Tanzania and Mauritania. This agreement will provide the two countries with financing totalling approximately $428.15 million

The IMF will disburse these funds after examining ongoing economic programs in Tanzania and Mauritania. This financing aims to support the economies of both countries and to strengthen their resilience to climate shocks. Mauritania will receive approximately $39.7 million under the Resilience and Sustainability Facility (FRV) and $8.6 million under joint agreements between the Extended Credit Facility (FEC). And Tanzania will receive $265.78 million under the Fund's Extended Credit Facility (ECF), according to an IMF statement, and $114.07 million under the Flexibility and Sustainability Facility. The IMF predicted that Mauritania's economic growth would fall to 4.6% this year from 6.5% in 2023, citing a slowdown in