Mali: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria—Staff Report; and Press Release on the Executive Board Consideration

August 18, 2006

Preview Citation

Format: Chicago

Mali: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria—Staff Report; and Press Release on the Executive Board Consideration, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Also available in: français

Summary

Mali’s economy is showing renewed momentum resulting from a strong 2005–06 cereal harvest and strengthening terms of trade. The fiscal program remained well on track through end-2005. Discussion of the macroeconomic outlook focused on production-side growth prospects, such as rising international gold prices that would boost tax revenues and accelerate the mining sector’s exploration and production capacity. Plans to strengthen the management of both tax exemptions and reimbursements will address tax administration weaknesses. In the banking sector, nonperforming loans rose from 20 percent to 28 percent of total loans.

Subject: Agricultural commodities, Commodities, Current spending, Expenditure, Public debt, Revenue administration, Total expenditures

Keywords: Agricultural commodities, CR, Current spending, Debt relief, ISCR, PRGF arrangement, PRGF loan, PRGF-supported program, SDR, Stabilization fund, Total expenditures, West Africa

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/310
Stock No:

1MLIEA2006005
ISBN:

9781451826463
ISSN:

1934-7685

Notes

Also available online in French

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