LIGNE DE CREDIT À LA GBM

The present project involves a credit line of $ 10 million to the "Générale de Banque de Mauritanie (GBM)". It aims at medium-term financing of viable projects mainly in the sectors of industries and services eligible for Bank financing. The projects to be financed under this intervention should be financially profitable and solvent. In addition, they should respect the environmental standards as defined in the laws and regulations in Mauritania and in the policies and procedures of the Bank. In addition, the foreign exchange risk of foreign currency loans should be assumed by the final borrowers who will repay their loans in the currency of their loans. Borrowers should be able to repay in local currency at the rate of exchange prevailing between ouguiya and the loan currency on the date of payment.