The mission of the General Directorate of Financial Supervision (DGTF) is to lead a fundamental transformation of the public portfolio. The challenge is no longer to limit oneself to a compliance control posteriori, but to switch to a logic ofgovernance,ofPerformanceandValue creation, based on theTransparencyand theAccountability.

This trajectory is based on three structuring projects. First,strengthening governance: accountable boards of directors, accountable managers, effective internal control systems, robust procedures and prevention of fraud and corruption risks. Secondly, the clarification of the role of the State shareholder: defining where the State must remain present (strategic sectors) and where a disengagement or opening up to private capital is relevant, in the general interest. Finally, the establishment of a performance culture, with measurable, monitored and evaluated objectives.

The DGTF is based on Law No. 2025002 on state owned bodies and enterprises , which modernises the legal framework: categorisation of entities, enhanced transparency, contractualisation (mission contracts, programme contracts, performance contracts) and accountability of governance bodies. At the same time, the DGTF is leading a key accounting standardization project to produce reliable and comparable financial statements: gradual transition from a public accounting logic to accrual accounting, and convergence towards IFRS standards for publicly-owned companies. This development is essential to strengthen financial credibility, facilitate the evaluation of performance and prepare, if necessary, an IPO on the Nouakchott Stock Exchange for certain companies.

All of these reforms have a clear objective: to make state owned bodies and enterprises assets — capable of supporting investment, improving essential services, and contributing sustainably to the state budget (rationalized subsidies, better structured dividends) — and not fragilities. The DGTF intends to achieve this by producing standardised financial information, strengthening performance monitoring and reporting, with transparency, on the use of public resources entrusted to the entities under supervision.