Financial Insights That Matter
The Minister of Economy and Finance, Mr. Sid’Ahmed Ould Bouh, received on Tuesday afternoon at his office in Nouakchott, a high-level delegation from the French Finance Corporation Proparco.
The delegation included Mr. Sadio Decaux, Regional Director of the Corporation, and Mr. Mikael Tapsoba, responsible for the country file, in the presence of the French Ambassador to Mauritania, Mr. Alexandre Garcia, and Agnès Moncam Defra, Director of the French Development Agency in Mauritania.
At the beginning of the talks, the Minister of Economy and Finance congratulated the Director on the strengthening of the financing partnership with lines of credit between our country and the French Finance Corporation which aims to support the national private sector.
The Minister emphasized the importance of the executive steps that followed the signing of agreements to grant lines of credit to national banks.
During the meeting, the two parties exchanged views on ways to strengthen and develop the existing cooperation frameworks between Mauritania and this institution specialized in financing the private sector.
The two sides also reviewed the prospects for future partnership in light of the promising investment opportunities offered by the Mauritanian market.
Proparco is the private sector financing arm of the French Development Agency (AFD) group and offers an integrated package of financial and technical tools to support projects, companies and financial institutions.
The visiting delegation signed three credit line agreements totaling €25 million and US$15 million with the following banks:
– Bank Al Amana (BEA): EUR 10 million.
– General Bank of Mauritania (GBM): EUR 15 million.Proparco is the private sector financing arm of the French Development Agency (AFD) group and offers an integrated package of financial and technical tools to support projects, companies and financial institutions.
The visiting delegation signed three credit line agreements totaling €25 million and US$15 million with the following banks:
– Bank Al Amana (BEA): EUR 10 million.
– General Bank of Mauritania (GBM): EUR 15 million.
– Mauritanian Investment Bank (BMI): US$15 million.
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