IMF Approves US$23.8 Million Disbursement to Mauritania
the Executive Board of the International Monetary Fund (IMF) completed the Sixth and final review of the arrangement with out country under the extended credit facility (ECF), which covers the 2017-2021 period
the Executive Board of the International Monetary Fund (IMF) completed the Sixth and final review of the arrangement with out country under the extended credit facility (ECF), which covers the 2017-2021 period. The arrangement allows for the disbursement of SDR (special drawing rights 16.56 million, representing 12.9 percent of the quota (about US$23.8 million).
The Arrangement was approved on December 6, 2017 with total access of SDR 115.92 million (around 167 million dollars at current exchange rates to help Mauritanian authorities meet social and infrastructure needs and maintaining macroeconomic stability and increasing resilience to shocks.
On December 2, 2020, the IMF increased Mauritania’s quota by SDR 20,24 million to help the country deal with the immense challenges imposed by the COVID-19 pandemic.