Saudi Arabia: Mauritania central bank deposit becomes soft loan


Issue 1146 - 06 May 2022 | 1 minute read

Among a number of moves to support African governments challenged by spiralling commodities prices, Saudi Arabia’s Ministry of Finance in mid-April announced the transfer of its $300m deposit with Central Bank of Mauritania into a soft loan, “as part of the kingdom’s ongoing efforts and leadership role in supporting the development and economy of Arab and Islamic states”.

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