The International Monetary Fund’s Executive Board completed the fifth reviews of Mauritania’s blended Extended Credit Facility and Extended Fund Facility arrangements and the fourth review of the Resilience and Sustainability Facility arrangement, clearing an immediate disbursement of SDR 65.88 million (about USD 91 million). The disbursement comprises SDR 6.44 million (about USD 9 million) under the ECF/EFF and SDR 59.44 million (about USD 82 million) under the RSF, bringing cumulative disbursements to SDR 191.8 million (about USD 258 million). The IMF assessed programme performance as on track, with all end-June 2025 quantitative targets met and most ECF/EFF structural benchmarks implemented; RSF reforms were progressing, with four of five reform measures assessed at this review completed. The statement highlighted policy priorities including institutionalising a fiscal anchor and moving toward a flexible exchange rate regime, further modernising the Central Bank of Mauritania’s liquidity management and monetary policy instruments while deepening the foreign exchange market, consistent enforcement of prudential regulations, operationalising the Anti-Corruption Authority and implementing asset and interest declaration and other governance-related laws, and advancing climate reforms including an automatic fuel pricing mechanism alongside targeted compensatory measures.

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