The International Monetary Fund (IMF) has approved a new 42-month financing program worth US$95.8 million for Mauritania under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF). The initiative is designed to strengthen macroeconomic stability, support inclusive economic growth, improve governance, and enhance the country’s long-term economic resilience.
Approved by the IMF Executive Board on June 24, 2026, the program will focus on reinforcing economic institutions and policy frameworks while promoting poverty reduction and human capital development. It also aims to improve governance, particularly through reforms targeting state-owned enterprises and public sector management.
According to the IMF, the financing will help Mauritania preserve adequate external reserves and attract additional funding from international development partners. The institution emphasized that the program is intended to create a stronger foundation for sustainable growth while supporting ongoing structural reforms.
The IMF also commended Mauritania’s performance under its previous reform program, which ran from 2022 to 2026. During that period, the country recorded solid growth in its non-extractive sectors, reduced inflation, narrowed its current account deficit, and maintained healthy international reserve levels. Mauritania also met all quantitative performance targets established for the end of December 2025.
Despite this progress, the IMF encouraged the government to continue implementing structural reforms by increasing domestic revenue, improving public spending efficiency, strengthening governance, and accelerating reforms of state-owned enterprises to foster greater private sector-led growth.
In addition to approving the new financing arrangement, the IMF Executive Board completed the fifth and final review of Mauritania’s Resilience and Sustainability Facility (RSF). The Fund confirmed that the country successfully implemented the remaining reforms under the program, including measures related to public financial management, climate risk management, and water sector governance.
Looking ahead, the IMF forecasts Mauritania’s economy will expand by 4.7% in 2026, supported by continued economic reforms, improved governance, and sustained macroeconomic stability.
