The IMF also completed the Fourth Review of the country’s Resilience and Sustainability Facility (RSF). The ECF and EFF were originally approved in January 2023, while the RSF was approved in December 2023.

The completion of the latest reviews enables the immediate disbursement of $91 million. This includes $9 million under the ECF/EFF arrangements, and $82 million under the RSF. With this release, total disbursements to Mauritania under all three facilities reach $258 million.

After strong gross domestic product growth of 6.3% in 2024, Mauritania’s economic activity is estimated to have slowed to 4.2% in 2025, largely due to a contraction in the extractive sector. Non‑extractive activities, however, continued to show solid performance.

Despite global uncertainty and rising regional security risks, the IMF notes that Mauritania’s medium‑term outlook remains favourable, supported by public infrastructure projects and growing private investment.

Ongoing reforms in governance, monetary and financial policy, investment regulation, and vocational training are expected to help diversify the economy beyond traditional extractive industries.

Following the Board’s discussion, IMF Deputy Managing Director Kenji Okamura, who chaired the meeting, commended Mauritania’s policy efforts. “Despite an expected slowdown in growth in 2025, Mauritania’s economy continued to show resilience, supported by prudent and well‑calibrated policies.”

He highlighted the authorities’ ongoing fiscal discipline, including the adoption of a fiscal anchor designed to protect public spending from commodity price volatility and help stabilise public debt. He added that the current account deficit was expected to have narrowed in 2025, with international reserves remaining at comfortable levels.

–IMF/ChannelAfrica–