Multilateral development finance institution the Islamic Development Bank (IsDB) is providing support to the Government of Mauritania for a series of national priority projects covering various strategic sectors including energy, infrastructure, education and agriculture. Dr. Muhammad Al Jasser, President of the IsDB participated in a series of high-level discussions with Mauritanian ministers during his official visit to Nouakchott in October 2023, with a pipeline of commitments made centered around collaborative economic development.
In a meeting with Mauritania’s Minister of Finance and IsDB Governor Mohamed M’Bady, Al Jasser commended the Mauritanian Government’s significant socio-economic development initiatives. He emphasized IsDB’s unwavering support for Mauritania and its private sector in achieving their development objectives. Al Jasser reiterated the institution’s readiness to facilitate capacity building and diversification efforts in Mauritania in line with the national development agenda.
Additionally, an important milestone during the visit was the signing of an agreement between IsDB and Mauritania’s Ministry of Higher Education and Scientific Research, represented by Minister Niang Mamadous. This accord is aimed at establishing regional institutes for higher education, focusing on enhancing access to quality higher education, decentralizing higher education institutions, and boosting capacity in areas like agriculture and veterinary medicine.
Al Jasser also engaged in a crucial meeting with Mauritania’s Central Bank Governor, Mohamed Lemine Ould Dhehby, who serves as the alternative IsDB Governor. Their discussions revolved around Mauritania’s monetary status, the utilization of IsDB’s Reverse Linkage mechanism for knowledge exchange, and support for the country’s economic and human development plans.
The visit concluded with a meeting between IsDB President and Mohamed Vall Mohamed Telmidy, the Director General of the National Company for Industry and Mines (SNIM). These discussions assessed the current status of the longstanding partnership between the Bank and SNIM and explored avenues for future cooperation. Al Jasser reaffirmed IsDB’s readiness to contribute to SNIM’s endeavors aimed at enhancing production and value addition through project support and capacity building.
