France Inks Mauritania Debt Aid Deal

France and Mauritania has formalized a debt relief agreement worth 17.4 million euros (USD23 million), the Pan-African News Agency reports. The deal forms part of the Heavily Indebted Poor Countries Initiative.

Meanwhile, the Yemeni Cabinet has approved a USD55 million loan agreement between the country and France. The loan will fund a rural electricity project, according to the Yemen Observer. 

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.