During its session today, Thursday, the Mauritanian Cabinet approved a law allowing the endorsement of a loan agreement worth approximately 10 billion old Ouguiya (equivalent to 954.3 million new Ouguiya) for a project related to the livestock development sector.
Mauritania signed the loan agreement on January 28, 2025, with the African Development Fund, which the Cabinet approved today for implementation. The funding is designated to finance the Comprehensive Development Program for Livestock Development in the Aoukar region (Aoukar Phase I Program).
According to the Cabinet statement, the financing of around 10 billion Ouguiya will benefit 434,618 beneficiaries, including 100,440 direct beneficiaries and 334,178 indirect beneficiaries.
The first phase of the Aoukar Program aims, according to the statement, to enhance food security and contribute to the economic and social development of the country through the livestock development sector. It also aims to make livelihoods associated with livestock development more sustainable and adaptable to climate change.
Before financing the Aoukar Development Program, the active portfolio of the African Development Bank Group included twenty operations for Mauritania, totaling a net financial commitment of $422 million (approximately 16 billion old Ouguiya).
