Browsing: export finance

IFC to pump $25 million into Telkom sea cable project - The Exchange

Mauritania gets $10M shot in the arm from IFC to aid trade

Industry and Trade
  • The deal will revamp the financing of imports of oil, sugar, wheat, cement, construction equipment, vehicles, and consumer goods. 
  • It will also support the purchase, processing, storage, and transportation of fisheries and mining products for export.
  • IFC will also provide advisory support to Banque Populaire de Mauritanie (BPM), strengthening its corporate governance capacity.

Businesses across Mauritania are set to receive enhanced financial support following the International Finance Corporation’s (IFC) move to provide the Banque Populaire de Mauritanie (BPM) with $10 million a trade credit line. 

The trade facility will help BPM scale up lending to businesses to finance imports of oil products. Further, importers of sugar, wheat, cement, construction equipment, vehicles, and consumer goods will benefit. 

IFC loan to revamp export trade

The facility will also support the purchase, processing, storage, and transportation of fisheries and mining products for export.

Despite having vast natural resources, Mauritania faces challenges such as …