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#Mauritania : Mauritania is determined to push its integration into the world of digital finance. The launch of the Financial Infrastructure Modernization Support Project (PAMIF) is expected to optimize the national payment system. Explanations
"The establishment of a national payment system according to the best international standards. It will include all transactions covering wire transfer, check clearing, money market management and foreign exchange transactions. PAMIF will also support the efforts of the Central Bank of Mauritania (BCM) in strengthening governance, supervision of the banking sector and microfinance, "explains a Central Bank document.
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The cost of PAMIF is "5.8 million millions of dollars. It will be financed with a loan of $ 5 million from the African Development Fund (ADF), with a 1% interest rate over a 25-year maturity, and a contribution of $ 0.6 million from the Mauritanian government. The project will be executed by the BCM and a management team already in place. "
The duration of PAMIF is 36 months. It should provide important opportunities for financial institutions, businessmen and operators in all sectors thanks to a modernized financial infrastructure.
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– Ahmed Baba, adviser to the governor of the Central Bank of Mauritania (BCM), in charge of the realization of the PAMIF explains its importance and the opportunities that are offered to the institutions, Mauritanian Businessmen and Operators.
– Acharaf Tarsim, Senior Economist of the African Development Bank (AfDB) North Africa Office, outlines the details of the project.
– Hanchi Ould Salah, Secretary of the Association Bank of Mauritania (APBM) reports that PAMIF is responding to an old grievance and is filling a long wait for professionals in the sector.
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