• The IMF approved program reviews, enabling an immediate $91m disbursement to Mauritania.

• Total IMF financing to the country since 2023 now stands at about $258mln.

• Authorities met most quantitative and structural reform targets under the programs.

The International Monetary Fund’s executive board has completed the fifth review of Mauritania’s programs under the Extended Credit Facility and Extended Fund Facility, as well as the fourth review under the Resilience and Sustainability Facility.

The decision paves the way for an immediate disbursement of $91 million. This includes $9 million under the ECF/EFF-supported programs and $82 million under the RSF. Total IMF financing to Mauritania since 2023 now stands at about $258 million.

The IMF said implementation of the ECF/EFF programs remains broadly on track. All quantitative performance criteria set for end-June 2025 and all indicative targets for end-September 2025 were met. Of the nine structural benchmarks set for end-December 2025, seven were achieved on time, one was implemented with delay, and two were not met.

Under the RSF, the Fund said reform implementation is also progressing, with four of the five reform benchmarks assessed under the review having been met.

The IMF nevertheless urged the authorities to continue modernizing macroeconomic policy frameworks. It also called for the rapid operationalization of the National Anti-Corruption Authority and the effective implementation of laws related to asset and interest declarations, state-owned enterprises, and the Nouadhibou Free Zone.

Mauritania and the IMF reached a 42-month agreement under the ECF/EFF in 2023, alongside a 31-month arrangement under the RSF. The programs amount to $86.9 million under the ECF/EFF and $258 million under the RSF. They aim to restore macroeconomic stability, support stronger and more inclusive growth, advance the country’s climate agenda, and contribute to poverty reduction.

Ingrid Haffiny (intern)