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Mauritania is an economically weak African country. Total loans in Mauritania are combination of both loans to the Mauritania government as well as small loans to the poor citizens of Mauritania.
The Islamic Republic of Mauritania is a receiver of International Monetary Fund or IMF funding. The loan was given as a cash component to improve various facets of the Mauritanian economy. Government policies relating to administrative structural reform were included in the reasons of the loan to Mauritania. Other reasons relating to loans in Mauritania includes social costs. The social costs encompass the increase in employment generation in the short to medium term. The longer term effect of such a social cost loan to Mauritania is a better quality of life for the citizens of the African country. Active economic policies related to fighting the vicious cycle of poverty are also taken.
Charitable organizations like Oxfam grant loans to poor citizens of the Islamic Republic of Mauritania. The loans are aimed at women resident in the country. The monetary loans at Mauritania help the poor Mauritanians to engage in profitable agricultural practices. People can also start small cottage industries like handicrafts with the money. Relevant vocational training is also provided. The charitable organizations also provide loans to promote women's rights in the country.
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