Mauritanian Economy Minister Abdessalam Ould Mohamed Salah announced that his country has received $252 million from the International Monetary Fund’s Resilience and Sustainability Fund.
The Mauritanian minister said that the amount is estimated at 150% of his country’s withdrawable share over two and a half years, starting from January this year until October 2026.
He explained that the financing program is based on four main pillars, related to the integration of climate in the management of public finances and investments, social protection against climate shocks, decarbonization, and enhancing water feasibility within an institutional framework through rational water management.
The Mauritanian official noted that the funding would be repaid over twenty years.
the International Monetary Fund (IMF) is considered a mechanism for assisting low-income countries in facing long-term challenges, especially those related to climate change.
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