Mauritania has signed an agreement with the German Reconstruction Bank to support job creation in the country. The agreement, worth 15 million euros or approximately 6 billion and 750 million ouguiyas, will provide financing for small and medium-sized enterprises. The agreement was signed by Mauritanian Minister of Economic Affairs and Development Mohamedou Ould Amhimid and the bank's regional advisor Sonja Hoss.
The agreement aims to promote financing that meets the needs of small and medium-sized enterprises, supporting the creation of value, growth, and employment in Mauritania. According to the Ministry of Economic Affairs, this will be achieved through the support of small and medium-sized enterprises, which are crucial for the country's economic development. The ministry highlighted the importance of this partnership in addressing the challenges of unemployment in Mauritania.
Minister Ould Amhimid emphasized that job creation is a key aspect of the bilateral partnership between Mauritania and Germany. He noted that the issue of employment is a significant challenge and that the mobilization of resources is essential for small and medium-sized enterprises. The minister added that efforts have been made to improve the financing offer through the national strategy for financial inclusion and the development of the financial system.
The minister also stressed that achieving the development goals of small and medium-sized enterprises requires diversifying funding sources, preparing innovative and suitable financing tools, and mobilizing more national savings to support these enterprises. He expressed his hope that this partnership will contribute to improving the economic prospects of young Mauritanians.
German Ambassador to Mauritania Florian Rindl described the agreement as a reflection of the shared will to continue and strengthen a partnership based on mutual trust, open dialogue, and cooperation to achieve common development goals. He expressed his hope that this partnership will improve the living conditions of young Mauritanians and noted that the agreement is an important milestone in the development of friendly and cooperative relations between the two countries.
The agreement was signed in the presence of German Ambassador to Mauritania Florian Rindl and Mauritanian Central Bank Governor Mohamed Amin Ould Al-Dhahabi. The partnership between Mauritania and Germany aims to support the country's economic development and address the challenges of unemployment. The agreement is expected to have a positive impact on the country's economic prospects.
The agreement is part of a broader effort to support economic development in Mauritania. The country's economic development is crucial for improving the living standards of its citizens. The partnership between Mauritania and Germany is expected to contribute to the country's economic growth and development.
Key points
- The agreement is worth 15 million euros or approximately 6 billion and 750 million ouguiyas.
- The agreement aims to support job creation in Mauritania through financing for small and medium-sized enterprises.
- The partnership between Mauritania and Germany aims to support the country's economic development and address the challenges of unemployment.
