Mali: Second Review Under the Poverty Reduction and Growth Facility, Second Annual Program, and Requests for Augmentation and for Extension of Arrangement and Commitment Period
IMF Staff Country Reports, August 8, 2001
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- Mali: Second Review Under the Poverty Reduction and Growth Facility, Second Annual Program, and Requests for Augmentation and for Extension of Arrangement and Commitment Period
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Bibliographic details
- Published: August 8, 2001
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451826234.002
Summary
- After a sustained economic growth in the post-devaluation period, the Malian economy experienced severe crisis in the cotton sector that resulted in slow economic activity, low government revenue, and high external sector deficit.
- Executive Directors suggested that the successful diversification of the Malian economy would require efforts to develop human capital, physical infrastructure, and lower energy costs.
- They agreed that Mali has successfully completed the second review under the Poverty Reduction and Growth Facility Arrangement, and approved the waiver and extension for arrangement.
Key findings and themes
- Cotton sector crisis: severe impact leading to slow economic activity, low government revenue, and high external sector deficit.
- Diversification needs: development of human capital, physical infrastructure, and reduction of energy costs identified as necessary for successful diversification.
- Program status: completion of second review under the Poverty Reduction and Growth Facility Arrangement; waiver and extension for arrangement approved.
Policy recommendations and implications
- Develop human capital to support economic diversification.
- Invest in physical infrastructure to facilitate growth beyond traditional sectors.
- Lower energy costs to improve competitiveness and support diversification efforts.
Publication and metadata
- Subject: Agricultural commodities, Commercial banks, Commodities, Credit, Expenditure, Financial institutions, Fiscal policy, Fiscal stance, Money
- Keywords: Agricultural commodities, Commercial banks, cotton sector, CR, Credit, Fiscal stance, ISCR, petroleum product, petroleum tax revenue, poverty-reducing outlay, tax revenue, tax revenue performance, West Africa
- Pages: 80
- Volume: 2001
- DOI: https://doi.org/10.5089/9781451826234.002
- Issue: 130
- Series: Country Report No. 2001/130
- Stock No: 1MLIEA0012001
- ISBN: 9781451826234
- ISSN: 1934-7685
- Publication date on landing page: August 8, 2001
International Monetary Fund. "Mali: Second Review Under the Poverty Reduction and Growth Facility, Second Annual Program, and Requests for Augmentation and for Extension of Arrangement and Commitment Period", IMF Staff Country Reports 2001, 130 (2001).