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Economy
11 July 2023

Mauritania: Support for the private sector - EIB to provide 20 million in financing and a portfolio guarantee to Banque Mauritanienne de l'Investissement

On 10 July 2023, Banque Mauritanienne de l'Investissement (BMI) and the European Investment Bank (EIB) signed a memorandum of understanding with the support of the European Commission. This will provide for the deployment of €20 million of long-term financing provided by the EIB to BMI for loans to small and medium-sized enterprises (SMEs) and mid-caps in Mauritania, with the support of the European Fund for Sustainable Development Plus (EFSD+), and a portfolio guarantee of €3.2 million, financed by the European Fund for Sustainable Development (EFSD).