Mauritania will launch its financial market

Sep 15, 2014

At the opening of a seminar on the role of financial markets in the development of the national economy, organised by the Central Bank of Mauritania, the Governor Sid'Ahmed Ould Raiss said that Mauritania is preparing to launch its own financial market.

At the opening of a seminar on the role of financial markets in the development of the national economy, organised by the Central Bank of Mauritania, the Governor
Sid'Ahmed
Ould
Raiss
said that Mauritania is preparing to launch its own financial market.

The seminar, which began Wednesday September
10th
2014, was organised in collaboration with the Union of Arab financial market authorities.

The governor stressed that the market is keen to comply with international standards in terms of prudential rules and regulation of financial products.

He also said that the feasibility study of the project had involved all stakeholders. This feasibility study was completed in January, and was part of the government’s plan to develop the financial sector for the period 2012-2017.

This strategy "aims at strengthening the stability and transparency in the sector, access to financial services at a reasonable cost to all stakeholders and the development of the culture of savings and credit," he added.

The Minister of Economic Affairs and Development
Sidi
Ould
Tah, the president of the Professional Association of Banks, the president of the Union of Employers of Mauritania, and several representatives of the financial sector were also present at the launch announcement.ADNFCR-2976-ID-801748359-ADNFCR