OPEC Fund and Mauritania Forge Landmark Partnership to Boost Renewable Energy and Development

The OPEC Fund for International Development (OPEC Fund) and the Islamic Republic of Mauritania have signed a landmark Country Partnership Framework Agreement to drive key development initiatives from 2025 to 2027. Under this agreement, the OPEC Fund will provide US$120 million in new financing, prioritizing renewable energy, clean water, food security, improved transport, and clean cooking solutions.

The agreement underscores a significant push toward renewable energy, aligning with Mauritania’s broader sustainability goals. A portion of the funding will be allocated to expanding clean energy infrastructure, enhancing access to renewable power sources, and supporting the country’s transition to a low-carbon economy.

During a visit to the capital Nouakchott, OPEC Fund President Abdulhamid Alkhalifa emphasized the fund’s commitment to strengthening Mauritania’s key economic sectors. “We are proud to help improve the lives of people and communities for a more resilient future. Our commitment to Mauritania is focused on bolstering key sectors of the economy. Technical assistance and strong project preparation are vital to mobilizing additional development funding, enabling public-private partnerships (PPPs), and attracting private sector investment,” Alkhalifa stated.

In addition to the main financing package, the OPEC Fund is pledging up to US$500,000 in grants for capacity-building, project preparation, and technical assistance. These grants aim to facilitate the efficient implementation of renewable energy projects and other infrastructure developments, ensuring long-term sustainability and economic growth.

The partnership is expected to accelerate Mauritania’s progress toward a cleaner and more resilient energy sector, further solidifying the country’s role in the global transition to sustainable development.