The Executive Board of the International Monetary Fund (IMF) successfully concluded the 2024 Article IV consultations with Mauritania, while finalizing the third reviews of the Extended Credit Facility (ECF) and Extended Credit Mechanism (ECF) agreements over a period of 42 months, as well as the second review of the Facility Born for Resilience and Sustainability (FRD). These agreements, previously approved between January and December 2023, allow for an immediate disbursement of 36.16 million SDR, or approximately 47.4 million dollars, contributing to a cumulative total of 89.7 million SDR, equivalent to 117.7 million

The press release indicates that the Mauritanian economy has been able to maintain its resilience, even though economic growth is expected to slow to 4.6% in 2024. Growth is expected to remain favourable over the medium term and inclusive growth led by the private sector will be supported by increased revenue mobilization, strengthened banking supervision, and support for the implementation of the government's action plan to strengthen governance.

In a statement at the end of the Board of Directors, Mr. Kenji Okamura, Deputy CEO and Interim President of the Board, affirmed: “supported by sound policies, the Mauritanian economy continued to grow in 2024, the Mauritanian economy continued to grow in 2024, inflation remained under control and the performance of public finances was in line & worsens; the objective of reducing external debt in the medium term. Prudent monetary and fiscal policies have allowed the program to achieve good results. The authorities have also focused on strengthening policy frameworks, strengthening economic resilience, accelerating inclusive growth and mitigating the challenges created by climate change,” he said