Housing Finance in Mauritania


This profile is also available in French here.

To download a pdf version of the full 2018 Mauritania country profile, click here.

Mauritania has established a roadmap to preserve financial stability for the financial sector in line with the IMF’s Financial Sector Assessment Program to deepen the financial markets. To date, the efforts have proven fruitless as there is no stocks and bonds market. Mauritanians generally rely on commercial bank loans for credit. Only 17 percent of the population is included in the formal economy. Although the World Bank cites access to finance as the top constraint to the Mauritanian private sector, the IMF country report for the Extended Credit Facility Arrangement on Mauritania in March 2018 shows there are signs of improvement to the economy through sizable policy adjustments on finance. Cash is the most common means of payment in the domestic economy.

Accommodation is the one of the most expensive items of expenditure. The average 0ne-bedroom flat in the city centre costs approximately MRO90 000 and MRO80 000 outside the city. Housing resources are strained, and a large percentage of the urban population lives in substandard housing, such as tents, huts, or shacks. Self-construction has therefore continued to be the main method of building houses in Mauritania.

The kebbe and the gazra, the two types of informal housing still prevalent in the urban areas, were initially the result of spontaneous settlements; yet they are still standing, and similar construction continues.  Government efforts to eliminate the problem of informal settlements have not yielded the desired results. To fight against the proliferation of slums, the Mauritanian government implemented policy evictions, which were a scheme or plan to evict squatters in the early 1980s.

Find out more information on the housing finance sector of Mauritania, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2019 edition, which has up-to-date profiles for 55 African countries.

Download yearbook
View more
View more
View more