Mauritania’s government and the AfDB agreed on a USD 150 mln senior loan to Société Nationale Industrielle et Minière (SNIM), Mauritania’s state-owned iron-ore firm. The loan is part of SNIM’s USD 467 mln logistics-expansion program aimed at doubling the iron-ore railway’s transport capacity by 2030. In addition, the IMF completed the review of Mauritania’s ECF and EFF, unlocking USD 47.4 mln.