In a press release, the International Monetary Fund announced that it had reached an agreement with the Government of Mauritania for a loan of $86.9 million, of which $21.7 million was immediately disbursed. The Board of Directors of the Fund having decided The deal has already been approved.

With a duration of 3 years 6 months, the financing is part of the IMF's Extended Credit Facility and its Extended Credit Facility and corresponds to 64.40 million Special Drawing Rights (SDRs) , the IMF's unit of account based on a basket of five major international currencies. Indeed, according to the institution's statement, the loan is conditional on an economic reform program that aims to “strengthen fiscal and monetary policy frameworks, consolidate the bases for sustainable and inclusive growth, and reduce poverty” in the West African country.

The Deputy Managing Director of the IMF, Kenji Okamura, was quoted in the press release as saying that “a confluence of shocks, including Russia's war in Ukraine and tensions in the region, (...) have reduced the margin. of manoeuvre by the public authorities at a time when Mauritania still has to face significant human development and infrastructure needs.”