Mauritania and the International Monetary Fund (IMF) have resumed cooperation that was suspended following the 6 August 2008 coup against the first democratically-elected President Sidi Mohamed.
The information was given at a joint press conference of the Mauritanian Minister of Finance, the Governor of the Central Bank of Mauritania and the Deputy Head of Division of the IMF Middle East Department.
Mauritanian Finance Minister Ousmane Kane said at the gathering that Mauritania has reached an agreement with the IMF on all issues that both parties discussed in the context of the recovery relations between his country and the international community.
The minister also revealed to reporters that the Mauritanian authorities have already handed in a document containing IMF’s priorities for the next three years.
Kane added that this document was based on three fundamental axes, namely the control of public funds, the consolidation of reforms initiated in the financial sector and solving the energy issue.
Boileau Loko, Deputy Head of Division of the IMF Middle East Department, reasserted on his part the commitment of the institution to work with Mauritania.
He acknowledged that 2009 was a difficult year given the difficult international context marked by major socio-economic transformations.
The IMF official added that his institution has supported the program of Mauritania with a $100 million budget that is “strong, coherent and ambitious.”
This attitude, he said, is a signal for the international community to follow in these steps.
Meanwhile, the Governor of the Central Bank of Mauritania Sid ’Ahmed Ould Raïss argued that the Mauritanian national currency “Ouguiya” is changing, indicating that inflation remains under control and that the Bank reserves were good.
Source African Press Agency
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