In implementation of the directives of the Custodian of the Two Holy Mosques and the Crown Prince, the Kingdom converts its deposit with the Central Bank of Mauritania into a soft loan

Al-Marsad newspaper – SPA: In implementation of the directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and His Highness the Crown Prince – may God protect them – the Kingdom has transferred its deposit with the Central Bank of Mauritania in the amount of 300 million dollars to a soft loan, as part of its unremitting efforts and its pioneering role in supporting Arab and Islamic countries developmentally and economically.

This step comes as an affirmation by the Kingdom of its permanent support for the Islamic Republic of Mauritania – the government and people – to push the wheel of economic growth and implement development projects in various vital sectors.

It is hoped that this support will contribute to promoting inclusive and sustainable economic growth, in addition to opening new financing channels from regional and international financial organizations.

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