The DGTF carries out its missions within a profoundly renewed legal framework.

Law No. 2025 002 on State owned bodies and enterprises

Law No. 2025 002is the reference text for state owned bodies and enterprises in Mauritania. She:

• defines the categories of state owned bodies and enterprises (public establishments, State companies, mixed companies, companies with minority public participation);
• sets out the principles of governance: transparency, results-based management, management autonomy, accountability of legislative and senior management bodies;
• reinforces control and audit obligations: statutory auditors, internal audit, internal control, accounting standardisation;
• imposes the contractualisationof relations between the State, institutions and public companies (mission contracts, programme contracts, performance contracts);
• supervises restructuring(merger, demerger, transformation, dissolution, liquidation), while respecting acquired rights and the continuity of public service;
• provides for strengthened transparency mechanisms(reporting, financial information, governance, subsidies, dividends);
• specifies the penaltiesin the event of mismanagement, falsification of accounts, embezzlement or serious breaches of governance.

Other reference texts

The legal and regulatory framework includes:

• the Public Procurement Code, applicable to the purchase of goods, services and works by public companies and establishments, with a general regime and, where applicable, specific regulated regimes;
• anti-corruptionand probity laws and regulations in the management of public funds;
• decrees relating to the State's shareholder policy and dividend policy;
• the texts establishing and organising the Independent Commission of State owned bodies and enterprises (CESPI), responsible in particular for the selection of independent directors and corporate officers;
• the articles of association and creation texts ofeach company and public establishment;
• Finance laws (initial and corrective), which detail:
• subsidies and capital endowmentsto state owned bodies and enterprises ;
• BCI investments entrusted to these entities;
• expected and realized dividends.

The DGTF is responsible forexaminingthese texts, proposing legislative or regulatory adjustments, and formulating the interpretative instructions necessary for their proper application.