Mauritania - Islamic Development Bank

PILLAR 3 -- ENHANCING AND DIVERSIFYING THE MODERN ECONOMY (TRADE FINANCE)
40
IDB Interventions Output
Intermediate Results
that IDB Group Expects
to Influence During the
MCPS Period
Outcomes that the
IDB Group Expects to
Support
Government Goals / Strategy Current Challenges/
Binding Constraints
1- Commercial banks’
transactions mainly
concern operators of
the import – export
sector, and are
essentially based on
short-term financing
1- Have ITFC , and
ICIEC as main partners
for Public short term
needs.
1- SONIMEX, SOMELEC
and SOMAGAS for
public companies
1- Have Government
support in securing
deals by providing
Government
guarantees to the
targeted companies
1- Regular supply
of Foodstuff and
Agriculture products
and prices stability
against speculation.
Particular focus on
strategic commodities
such seeds, fertilizers,
which are critical
for Mauritania food
security and agriculture
development.
2- The cost of Financing
is seen as very
expensive, short term
financing often exceed
12% pa
2- Participate in the
financing of strategic
commodities in favor
of private and Public
entities
2- All local banks
to materialize lines
of financing in the
benefit of SMEs
3- Government
companies could
improve their financing
conditions
Trade Finance
2- Have Government
involvement in
facilitating the contact
and the feasibility
studies.
2- Financing SMEs
in targeted sectors
through lines of finance
dedicated to local
banks.
4- SMEs needs better
terms and Conditions
for short term financing
3- Finance Government
Companies in need of
short term facilities:
Petroleum and Energy
companies, importing
companies,
5- Existent need in
foodstuff, Agriculture
products, Energy and
Petroleum Short term
financing
MCPS for Mauritania, 2011-2015