Mali: Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report

January 5, 2021

Preview Citation

Format: Chicago

Mali: Request for Second Tranche of Debt Service Relief Under the Catastrophe Containment and Relief Trust-Press Release; and Staff Report, (USA: International Monetary Fund, 2021) accessed November 23, 2024

Also available in: français

Summary

The COVID-19 pandemic and the August 2020 coup d’état have disrupted more than half a decade of strong economic performance, during which growth averaged 5 percent.1 Growth is projected to decline from 5 percent to -2 percent in 2020 both on account of the pandemic (reflecting a slowdown in external demand, travel, and FDI, as well as the impact of uncertainty and reduced mobility on domestic demand) and of post-coup disruptions in trade, transport, economic and financial flows following the sanctions imposed by the Economic Community of West African States (ECOWAS). Inflation accelerated slightly in recent months but is expected to remain below 2 percent, while the current account deficit is projected to narrow due to higher gold prices (main export) and lower oil prices (main import). Risks around the outlook are exceptionally high in light of the uncertainty surrounding the political transition, the impact of the sanctions on trade and overall activity, and continued deterioration in the security situation. Weak social safety nets amid high informality, food insecurity and a fragile healthcare system exacerbate challenges.

Subject: COVID-19, Debt relief, Debt service, Health care, Public debt

Keywords: CR, Eligible debt service, Expenditure report, IMF lending tracker, ISCR, Six-month tranche, Tranche of debt service relief

Publication Details

Pages:

6
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/003
Stock No:

1MLIEA2021001
ISBN:

9781513565996
ISSN:

1934-7685

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