Mali: Technical Assistance Report: Continued Modernization of the Malian Tax System and Administration—Memorandum on Natural Resource Management
IMF Staff Country Reports, December 6, 2013
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- Mali: Technical Assistance Report: Continued Modernization of the Malian Tax System and Administration—Memorandum on Natural Resource Management
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Bibliographic details
- Published: December 6, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475574173.002
Summary
- This Technical Assistance Report discusses continued modernization of the Malian tax system and administration of natural resources.
- The Malian mining sector essentially consists of gold mining.
- The diversification policy is a failure at this point.
- The authorities’ stated objective of diversifying mining production has not produced a clear, consistent action plan.
- Apart from precious substances, the high cost of bulk transportation (minerals), the technical and financial difficulties of local processing, and the weak domestic market make it unlikely that Mali’s mining future can be defined other than by gold in the short or medium term.
Major findings on the mining sector
- Malian mining sector composition:
- Essentially consists of gold mining.
- Diversification assessment:
- The diversification policy is characterized as a failure at this point.
- No clear, consistent action plan from the authorities to diversify mining production.
- Constraints to diversification beyond precious substances:
- High cost of bulk transportation (minerals).
- Technical and financial difficulties of local processing.
- Weak domestic market.
- Outlook:
- Unlikely that Mali’s mining future can be defined other than by gold in the short or medium term.
Tax system and administration themes
- Report focus:
- Continued modernization of the Malian tax system and administration of natural resources.
- Tax-related subject areas listed:
- Commodities, Corporate income tax, Corporate taxes, Economic sectors, Gold, Mining sector, Oil, Taxes.
Keywords and thematic tags (as provided)
- Africa, authorities' inability, cash position, contract, Corporate income tax, Corporate taxes, CR, employment tax, Global, Gold, housing tax, insurance contracts tax, ISCR, label, Mali, mining contract, Mining sector, Oil, stabilization policy, tax, tax clause, tax framework, tax provisions, tax receipts, tax record.