Mauritania's Minister of Economy, Abdel Salam Ould Mohamed Saleh, announced that the country has received $252 million from the International Monetary Fund's (IMF) Resilience and Sustainability Trust.
This funding, equivalent to 150% of its withdrawable quota, will be available over two and a half years, starting from January this year until October 2026.
The Mauritanian minister outlined that the financing program is built on four main pillars: integrating climate considerations into public finance and investments, social protection against climate shocks, carbon removal, and enhancing water viability through rationalized water management.
These initiatives are currently being developed by a ministerial committee comprising various governmental sectors, led by the Ministry of Economy and including the Ministries of Petroleum, Water, Environment, and the Central Bank, supported by a technical committee.
The official emphasized that the Resilience and Sustainability Trust offers very concessional financing repayable over twenty years.
The IMF created this fund to assist low-income countries in addressing long-term challenges, particularly those related to climate change, by investing in green infrastructure and preparing for pandemics.
It also aims to meet these countries' needs through immediate budget support financing and policy, tax, and regulatory reforms.
In a separate context, Mauritania's Minister of Agriculture, Amm Ould Beibat, discussed with Ibrahim Adam Ahmed Al-Dukheri, the Director-General of the Arab Organization for Agricultural Development, ways to enhance wheat cultivation in Mauritania.
The Ministry highlighted that the discussions revolved around a program to localize and expand wheat cultivation as part of the ongoing partnership between Mauritania and the Arab Organization for Agricultural Development.
The meeting featured a video presentation by Dr. Ali Moussa Abkar, who oversees the Integration Management at the Arab Organization for Agricultural Development.
It covered the agricultural characteristics and capabilities of Mauritania, the current state of wheat cultivation, and the main challenges faced by wheat farming in the country, especially given the abundance of water and vast agricultural lands, particularly along the Senegal River.
Mauritania's Agriculture Minister commended the efforts of the Arab Organization for Agricultural Development in training, localizing, and expanding wheat cultivation.
The Director-General of the organization affirmed its readiness to support the sector's efforts to localize and expand wheat farming, noting that the program discussed focuses on two main aspects: developing the existing traditional production system and encouraging the private sector's involvement.
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