Vienna: Mauritania and the OPEC Fund for International Development signed two financing agreements worth USD195 million. The Mauritanian Ministry of Economic Affairs and Development announced yesterday that the agreements were signed by Minister of Economic Affairs Abdallah Ould Souleymane Ould Cheikh Sidia and President of the OPEC Fund for International Development Abdulhamid Alkhalifa on the sidelines of the OPEC Fund Development Forum, currently being held in Vienna.
According to Saudi Press Agency, the first agreement establishes a country partnership framework for the 2026-2029 period, with a financing envelope of up to USD180 million. Under the framework, funding will be directed toward the development of climate-resilient infrastructure projects, strengthening food-security systems, and supporting value chains in rural areas.